Contemporary Housing Alternatives of Florida Inc

Analysis

Contemporary Housing Alternatives of Florida Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Contemporary Housing Alternatives of Florida Inc reported income of $6.9m and spending of $7.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.9m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Contemporary Housing Alternatives of Florida Inc 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 94th percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Hoopeston Retirement Village Foundation Inc ($6.9m), Avalon Square Inc ($6.9m) and Mayflower RHF Housing Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $178k (2.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $42.5m against liabilities of $46.2m, net assets of -$3.7m. It reported 23 employees.