Paisano Housing Redevelopment Corporation

Analysis

Paisano Housing Redevelopment Corporation is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Paisano Housing Redevelopment Corporation reported income of $29.0m and spending of $7.9m, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $79.4m to $29.0m (-64%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 2.6% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paisano Housing Redevelopment Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Maine Life Care Retirement Community Inc ($28.9m), Destination Home SV ($29.0m) and Kinnert Inc ($28.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 44% of the total. At year end it held assets of $415.2m against liabilities of $133.2m, net assets of $282.1m.