Central Valley Low Income Housing Corporation

Analysis

Central Valley Low Income Housing Corporation is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in December 2010, 16 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 June 2023, Central Valley Low Income Housing Corporation reported income of $12.4m and spending of $11.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $12.4m (+117%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Valley Low Income Housing Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include The Rescue Mission ($12.4m), Menorah Plaza Housing Corporation ($12.4m) and Headwaters Community Housing Trust ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $4.7m against liabilities of $2.4m, net assets of $2.2m. It reported 38 employees.