Housing Development Alliance Inc

Analysis

Housing Development Alliance Inc is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in January 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 June 2023, Housing Development Alliance Inc reported income of $8.3m and spending of $5.3m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $8.3m (+97%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development Alliance Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Virginia Mennonite Retirement Community ($8.3m), Homewood Living Ministries Inc ($8.3m) and St Clare Commons ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $164k (3.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $11.5m against liabilities of $3.7m, net assets of $7.8m. It reported 94 employees.