Dekalb County Residential Development Corporation

Analysis

Dekalb County Residential Development Corporation is a registered charity in United States, based in Dekalb, IL. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dekalb County Residential Development Corporation reported income of $509k and spending of $292k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $509k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dekalb County Residential Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Casa Caribe Inc ($509k), Turning Point Red Hook Housing Development Fund Corporation ($509k) and Cullman Senior Housing Inc ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 73% of the total. At year end it held assets of $2.7m against liabilities of $8,489, net assets of $2.7m.