Concord Housing Development Corp

Analysis

Concord Housing Development Corp is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in November 2008, 18 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 2024, Concord Housing Development Corp reported income of $408k and spending of $40k, leaving 90% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $486k to $408k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income rose by 389%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concord Housing Development Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include National Church Residences of ($408k), Lane Manor RHF Housing Inc ($408k) and Two Buildings Tenants United Housing Development Fund Company ($408k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.7m against liabilities of $602k, net assets of $1.1m.