Housing Associates Inc

Analysis

Housing Associates Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing Associates Inc reported income of $214k and spending of $295k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $260k to $214k (-17%), an average of -4.7% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Associates Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Union Seniors Association ($214k), Memphis Supportive Housing Inc ($214k) and McKinley II Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $671k against liabilities of $1.1m, net assets of -$461k.