Chattanooga Community Housing Development Organization Inc

Analysis

Chattanooga Community Housing Development Organization Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 1992, 34 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, Chattanooga Community Housing Development Organization Inc reported income of $420k and spending of $543k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $396k to $420k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chattanooga Community Housing Development Organization Inc 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 69th percentile within TN. Charities of a similar size with the same main cause include Rivercrest Developement Corporation ($420k), Our Coastal Village Foundation Inc ($420k) and North Suffolk Group Homes Inc ($420k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $156k (29% of expenses). At year end it held assets of $1.2m against liabilities of $113k, net assets of $1.0m. It reported 2 employees.