Housing Assistance and Development Services Inc

Analysis

Housing Assistance and Development Services Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in September 1993, 33 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 August 2023, Housing Assistance and Development Services Inc reported income of $4.7m and spending of $810k, leaving 83% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $444k to $4.7m (+952%), an average of +80% a year. The sharpest change came in the year to August 2023, when income rose by 761%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Assistance and Development Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Affordable Community Housing Trust ($4.7m), Community Housing and Resources Inc ($4.7m) and Providence Senior Living Inc ($4.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 77% of the total. Other salaries and wages came to $586k. At year end it held assets of $4.6m against liabilities of $16k, net assets of $4.6m. It reported 11 employees.