Humboldt Bay Housing Development Corporation

Analysis

Humboldt Bay Housing Development Corporation is a registered charity in United States, based in Ukiah, CA. It received its IRS tax-exemption ruling in June 1994, 32 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 October 2023, Humboldt Bay Housing Development Corporation reported income of $568k and spending of $643k, spending 113% of what it took in. The sharpest change came in the year to October 2023, when income rose by 240%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Humboldt Bay Housing Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Dream Builders Mission ($568k), Miami Beach Marian Towers Inc ($568k) and Linden House of Gary Inc ($568k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 16% and program service revenue 62% of the total. At year end it held assets of $6.2m against liabilities of $7.4m, net assets of -$1.2m.