Quality Development and Construction Inc

Analysis

Quality Development and Construction Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quality Development and Construction Inc reported income of $56.0m and spending of $61.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $56.0m (+390%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 184%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Quality Development and Construction Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Vermont Housing Finance Agency ($55.9m), Eden Housing Inc ($56.1m) and Midpen Housing Corporation ($55.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $24.2m against liabilities of $35.1m, net assets of -$10.8m.