Greater St Stephen Housing Dev Corp

Analysis

Greater St Stephen Housing Dev Corp is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2017, 9 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, Greater St Stephen Housing Dev Corp reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $1.0m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater St Stephen Housing Dev Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within LA. Charities of a similar size with the same main cause include Hellinghausen Hope Inc ($1.0m), Silverton Sheltering Services ($1.0m) and Indiana Disciples Housing ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $131k. At year end it held assets of $4.8m against liabilities of $330k, net assets of $4.4m.