Historic District Development Corporation

Analysis

Historic District Development Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1981, 45 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, Historic District Development Corporation reported income of $2.4m and spending of $2.9m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.4m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 425%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Historic District Development Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Community Housing Fund LLC ($2.4m), Daniel Pitino Shelter Inc ($2.4m) and Greater Metropolitan Housing Corporation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $173k (6.1% of expenses). Other salaries and wages came to $339k. At year end it held assets of $29.5m against liabilities of $23.0m, net assets of $6.6m. It reported 8 employees.