Opa-Locka Community Development Corporation Inc

Analysis

Opa-Locka Community Development Corporation Inc is a registered charity in United States, based in Opa Locka, FL. It received its IRS tax-exemption ruling in July 1983, 43 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 December 2023, Opa-Locka Community Development Corporation Inc reported income of $11.6m and spending of $18.9m, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $11.6m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opa-Locka Community Development Corporation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Western Region Nonprofit Housing Corporation ($11.6m), Southwest Philadelphia Presbytery Apartments Inc ($11.6m) and Neighborhood Finance Corporation ($11.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 3.4% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $116.1m against liabilities of $64.0m, net assets of $52.1m. It reported 26 employees.