Denton Housing Development Corporation

Analysis

Denton Housing Development Corporation is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in June 1978, 48 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 September 2023, Denton Housing Development Corporation reported income of $735k and spending of $789k, spending 107% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $1.3m to $735k (-44%), an average of -25% a year. The sharpest change came in the year to September 2022, when income dropped by 40%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Denton Housing Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Colony House Non-Profit Housing Corp ($735k), Rodney Driggs and South Third Street Housing Development Fund ($735k) and Mountain United Church Housing Inc ($734k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $255k. At year end it held assets of $2.6m against liabilities of $65k, net assets of $2.6m.