McAllen Housing Development Corporation

Analysis

McAllen Housing Development Corporation is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in July 2016, 10 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 June 2023, McAllen Housing Development Corporation reported income of $1.0m and spending of $602k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $206k to $1.0m (+405%), an average of +50% a year. The sharpest change came in the year to June 2020, when income rose by 820%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McAllen Housing Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Greater Baltimore Ahc Inc ($1.0m), Holly City Development Corporation ($1.0m) and National Affordable Housing Preservation Associates Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.3m against liabilities of $73k, net assets of $3.2m.