Housing Development Corporation of SW Florida Inc

Analysis

Housing Development Corporation of SW Florida Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in July 2004, 22 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 (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 2022, Housing Development Corporation of SW Florida Inc reported income of $291k and spending of $337k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $210k to $291k (+39%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development Corporation of SW Florida Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Emmaus House of Saginaw Inc ($291k), Boulevard Gardens Senior Housing ($291k) and Edison Terrace West ($291k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $81k (24% of expenses). Other salaries and wages came to $138k. At year end it held assets of $47k against liabilities of $46k, net assets of $1,484. It reported 5 employees.