Community Hope Builders CDC Inc

Analysis

Community Hope Builders CDC Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 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 2021, Community Hope Builders CDC Inc reported income of $66k and spending of $129k, spending 194% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $67k to $66k (-0.7%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Hope Builders CDC Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Accessible Housing Inc ($66k), Cranbrook Homes Inc ($66k) and Palouse Cove Housing Group ($66k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $400 (0.3% of expenses). At year end it held assets of $1.4m against liabilities of $48k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.