Lhanc Real Estate Holdings Inc

Analysis

Lhanc Real Estate Holdings Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lhanc Real Estate Holdings Inc reported income of $889k and spending of $689k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $655k to $889k (+36%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lhanc Real Estate Holdings Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Affordable Housing Associates of Dauphin County Inc ($889k), Low Income Housing Development Corporation of Terre Haute ($889k) and Coretta Scott King Housing Development Fund Corporation ($888k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $923k against liabilities of $897k, net assets of $27k.