Suitland Housing Corporation a Community Housing Development Org

Analysis

Suitland Housing Corporation a Community Housing Development Org is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in July 1995, 31 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, Suitland Housing Corporation a Community Housing Development Org reported income of $1.5m and spending of $1.6m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.5m to $1.5m (-2.3%), an average of -0.5% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Suitland Housing Corporation a Community Housing Development Org 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 84th percentile within VA. Charities of a similar size with the same main cause include Villa Regina ($1.5m), Arastradero Park Apartment Corporation ($1.5m) and Five S T a R Veterans Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $325k. At year end it held assets of $2.8m against liabilities of $222k, net assets of $2.6m.

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.