M H C Development Company Inc

Analysis

M H C Development Company Inc is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, M H C Development Company Inc reported income of $180k and spending of $189k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $177k to $180k (+1.4%), an average of +0.4% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, M H C Development Company Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Center Housing Development Fund Corporation ($180k), Franklin Foundation of Germantown Inc ($180k) and Eddy Street Apartments ($180k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 35% of the total. Other salaries and wages came to $37k. At year end it held assets of $471k against liabilities of $67k, net assets of $404k.