Coleman Housing Development Corporation

Analysis

Coleman Housing Development Corporation is a registered charity in United States, based in Coleman, TX. It received its IRS tax-exemption ruling in March 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coleman Housing Development Corporation reported income of $367k and spending of $365k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $367k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coleman Housing Development Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include West Sacramento Housing Development Corporation ($367k), Pacific Villa Housing Development Council ($367k) and Illinois Community Action CDC ($367k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $11k (3.1% of expenses). Other salaries and wages came to $78k. At year end it held assets of $2.1m against liabilities of $59k, net assets of $2.0m. It reported 7 employees.