Decatur Housing Development Corporation

Analysis

Decatur Housing Development Corporation is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in February 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 June 2023, Decatur Housing Development Corporation reported income of $566k and spending of $742k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $496k to $566k (+14%), an average of +3.3% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Decatur Housing Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Basin Retirement Homes Association ($565k), Baldwin Acres Inc ($566k) and Hope Partnership Inc ($565k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 76% of the total. Other salaries and wages came to $57k. At year end it held assets of $4.0m against liabilities of $167k, net assets of $3.9m.

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.