Pioneer Housing Development Corporation

Analysis

Pioneer Housing Development Corporation is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in June 1998, 28 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, Pioneer Housing Development Corporation reported income of $101k and spending of $127k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $100k to $101k (+0.6%), an average of +0.1% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pioneer Housing Development Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Chippewa Nonprofit Housing Corporation ($101k), Housing 2006 NFP ($101k) and St Marguerite Marie Alacoque Apartments ($101k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $708k, net assets of $533k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.