Hispanic Housing Development Corp

Analysis

Hispanic Housing Development Corp is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hispanic Housing Development Corp reported income of $10.5m and spending of $12.7m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $10.5m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic Housing Development Corp sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Colorado Chautauqua Association ($10.5m), The Greater Morristown YMCA Inc ($10.5m) and Missouri State High School Activities Association ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.5m (12% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $70.1m against liabilities of $30.1m, net assets of $40.0m. It reported 343 employees.