Memphis Jewish Housing Development Corp

Analysis

Memphis Jewish Housing Development Corp is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1979, 47 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, Memphis Jewish Housing Development Corp reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $1.8m (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memphis Jewish Housing Development Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Lakeland Presbyterian Apartments Inc ($1.8m), Community Housing Management Corp ($1.8m) and Rockland Housing Action Coalition Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $113k (6.7% of expenses). Other salaries and wages came to $390k. At year end it held assets of $4.5m against liabilities of $3.0m, net assets of $1.5m. It reported 9 employees.