HDP Mason Housing Corporation

Analysis

HDP Mason Housing Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2011, 15 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 2023, HDP Mason Housing Corporation reported income of $395k and spending of $451k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $395k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HDP Mason Housing Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Pepper Ridge Development LLC ($395k), McCoy Funding Foundation ($395k) and Ahepa-Penelope 35 Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 10% of the total. At year end it held assets of $4.7m against liabilities of $6.8m, net assets of -$2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.