Housing Development Corporation of Dekalb

Analysis

Housing Development Corporation of Dekalb is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 December 2023, Housing Development Corporation of Dekalb reported income of $6.0m and spending of $5.9m, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $6.0m (+203%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 541%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Development Corporation of Dekalb sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Back of the Yards Neighborhood Council ($6.0m), South Arkansas Developmental Center for Children and Families ($6.0m) and New York Therapeutic Communities Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.1m (19% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $18.8m against liabilities of $7.3m, net assets of $11.5m.