Gainesville Housing Development & Management Corp

Analysis

Gainesville Housing Development & Management Corp is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in October 2014, 12 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, Gainesville Housing Development & Management Corp reported income of $369k and spending of $390k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $369k (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gainesville Housing Development & Management Corp sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Cape Vincent Housing Corp ($369k), Lutheran Social Services of Central Ohio Mansfield Housing II Inc ($369k) and Sacred Roots Farm Inc ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $22k (5.7% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.8m against liabilities of $1.0m, net assets of $791k.