Delta Housing Development Corporation DHDC

Analysis

Delta Housing Development Corporation DHDC is a registered charity in United States, based in Indianola, MS. It received its IRS tax-exemption ruling in November 1998, 28 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, Delta Housing Development Corporation DHDC reported income of $1.9m and spending of $2.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.9m (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Delta Housing Development Corporation DHDC 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 MS. Charities of a similar size with the same main cause include Parkway Elderly Housing Development Fund Co Inc ($1.8m), Council Towers III Housing Development Fund Corporation ($1.9m) and Stones River Development Corporation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $460k. At year end it held assets of $7.4m against liabilities of $5.6m, net assets of $1.8m. It reported 15 employees.

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.