Algood Housing Development Corporation

Analysis

Algood Housing Development Corporation is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in September 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Algood Housing Development Corporation reported income of $101k and spending of $87k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $101k (+2.0%), an average of +2.0% a year. 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, Algood 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 37th percentile within TN. Charities of a similar size with the same main cause include Gibb Chipley Village Inc ($101k), St Marguerite Marie Alacoque Apartments ($101k) and Goldstar Senior Shared Housing & Community Development ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $181k against liabilities of $82k, net assets of $99k.