Corporacion Para El Desarrollo de LA Vivienda de Bayamon CD

Analysis

Corporacion Para El Desarrollo de LA Vivienda de Bayamon CD is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in June 1996, 30 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, Corporacion Para El Desarrollo de LA Vivienda de Bayamon CD reported income of $929k and spending of $869k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $929k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corporacion Para El Desarrollo de LA Vivienda de Bayamon CD sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 69th percentile within PR. Charities of a similar size with the same main cause include MRC Housing Development Fund Company Inc ($929k), Webster Housing for the Elderly Inc ($930k) and Gap Community Center ($929k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $65k (7.5% of expenses). Other salaries and wages came to $101k. At year end it held assets of $3.0m against liabilities of $2.6m, net assets of $365k. It reported 9 employees.