Roanoke Housing Development Corporation

Analysis

Roanoke Housing Development Corporation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Roanoke Housing Development Corporation reported income of $601k and spending of $549k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $576k to $601k (+4.4%), an average of +1.5% a year. 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, Roanoke Housing Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Angelica Village ($601k), Casa de Amigos II Inc ($601k) and Michigan Affordable Senior Non Profit Housing Corporation ($601k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $1.9m against liabilities of $2.0m, net assets of -$79k.