Aurora Housing Development Corporation

Analysis

Aurora Housing Development Corporation is a registered charity in United States, based in Aurora, NE. It received its IRS tax-exemption ruling in March 1991, 35 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, Aurora Housing Development Corporation reported income of $1.5m and spending of $27k, leaving 98% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.7m to $1.5m (-12%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income rose by 307%. Over the whole period it spent 1.7% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aurora Housing Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Ofallon Preservation NFP ($1.5m), Sisters Place Inc ($1.5m) and University of North Carolina School of the Arts Housing Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $3.6m against liabilities of $139k, net assets of $3.5m.