Greenville Housing Development Corporation

Analysis

Greenville Housing Development Corporation is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in February 1994, 32 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 September 2023, Greenville Housing Development Corporation reported income of $1.1m and spending of $986k, spending 92% of its income. Across the 6 years on record, from September 2018 to September 2023, income grew from $679k to $1.1m (+58%), an average of +9.6% a year. The sharpest change came in the year to September 2023, when income rose by 41%. 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, Greenville Housing Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Society of St Vincent de Paul Saints Peter and Paul Conference I ($1.1m), Corinthian Square Senior Citizen Housing Corp ($1.1m) and Housing Virginia Campaign Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $15k (1.5% of expenses). Other salaries and wages came to $128k. At year end it held assets of $8.9m against liabilities of $10.5m, net assets of -$1.7m. It reported 7 employees.