Appalachian Real Estate Development Corppration

Analysis

Appalachian Real Estate Development Corppration is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Appalachian Real Estate Development Corppration reported income of $8.8m and spending of $10.4m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.5m to $8.8m (+96%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Appalachian Real Estate Development Corppration sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include New Reach Inc ($8.8m), Ring House Corporation ($8.8m) and Oak Grove Christian Retirement Village Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $334k. At year end it held assets of $93.5m against liabilities of $71.5m, net assets of $22.0m. It reported 23 employees.