Belford Commons Corporation

Analysis

Belford Commons Corporation is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in October 1998, 28 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Belford Commons Corporation reported income of $146k and spending of $210k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $146k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belford Commons Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Community Reinvestment Foundation- Xvi Inc ($146k), St Johns Berchmans Housing Corporation Inc ($147k) and South Fulton Affordable Housing Development Corporation ($146k).

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 $33k. At year end it held assets of $525k against liabilities of $164k, net assets of $361k.

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.