Albertville Housing Development Corporation

Analysis

Albertville Housing Development Corporation is a registered charity in United States, based in Albertville, AL. It received its IRS tax-exemption ruling in April 1997, 29 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 December 2023, Albertville Housing Development Corporation reported income of $55k and spending of $54k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $55k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 334%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albertville Housing Development Corporation sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Project Recovery Inc ($55k), Columbia Homes for Elderly Inc ($55k) and Oneil Family Foundation ($54k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 57% of the total. Other salaries and wages came to $32k. At year end it held assets of $749k against liabilities of $204, net assets of $748k. It reported 1 employees.