Housing Resource Development Corporation

Analysis

Housing Resource Development Corporation is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Housing Resource Development Corporation reported income of $838k and spending of $670k, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $612k to $838k (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Resource Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Bnai Brith Pantano Gardens Inc Arizona Non-Profit Corporation ($837k), Grady Housing Inc ($838k) and Laramie Senior Housing Inc ($836k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $91k. At year end it held assets of $4.9m against liabilities of $5.1m, net assets of -$211k.