Housing Management & Development Corp

Analysis

Housing Management & Development Corp is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in January 2003, 23 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, Housing Management & Development Corp reported income of $2.0m and spending of $941k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $2.0m (+917%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Management & Development Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include San Antonio Alternative Housing Corporation ($2.0m), Varick Homes Housing Dev Fund Inc ($2.0m) and Riverside Presbyterian Apartments Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 70% of the total. Other salaries and wages came to $156k. At year end it held assets of $6.6m against liabilities of $2.5m, net assets of $4.1m.