Community Housing Development Corporation of North Richmond

Analysis

Community Housing Development Corporation of North Richmond is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Community Housing Development Corporation of North Richmond reported income of $18.7m and spending of $13.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $18.7m (+204%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Housing Development Corporation of North Richmond sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Hebrew Old Age Center of Atlantic City ($18.7m), Seneca Health Services Inc ($18.7m) and York County Board of Disabilities and Special Needs ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $290k (2.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $51.1m against liabilities of $20.6m, net assets of $30.5m. It reported 57 employees.