Three Rivers Housing Development Corporation

Analysis

Three Rivers Housing Development Corporation is a registered charity in United States, based in Tekamah, NE. It received its IRS tax-exemption ruling in October 1996, 30 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 2022, Three Rivers Housing Development Corporation reported income of $1.4m and spending of $1.3m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $192k to $1.4m (+639%), an average of +95% a year. The sharpest change came in the year to December 2022, when income rose by 298%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Three Rivers Housing Development Corporation sits at the 77th percentile: it is larger than about 77% 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 Casa Community Association ($1.4m), Lake Area Development Corporation ($1.4m) and Beth Eden Houing Development ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 37% and program service revenue 5.2% of the total. Other salaries and wages came to $83k. At year end it held assets of $3.3m against liabilities of $1.7m, net assets of $1.6m. It reported 3 employees.