Lee County Housing Development Corporation

Analysis

Lee County Housing Development Corporation is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 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 September 2023, Lee County Housing Development Corporation reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.1m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to September 2023, when income rose by 288%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lee County Housing Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Rebuilding Together Kansas City Inc ($1.1m), Harbor Tower ($1.1m) and Fair Housing Center of Central Indiana ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $114k (10% of expenses). At year end it held assets of $1.6m against liabilities of $1.1m, net assets of $522k.