Rockwall Housing Development Corporation

Analysis

Rockwall Housing Development Corporation is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in September 2013, 13 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 September 2023, Rockwall Housing Development Corporation reported income of $660k and spending of $588k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $381k to $660k (+73%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rockwall Housing Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Elder Care One Inc ($660k), Lakes Senior Housing Inc ($660k) and Homestead Resources ($660k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.7% and program service revenue 77% of the total. Other salaries and wages came to $157k. At year end it held assets of $1.4m against liabilities of $565k, net assets of $868k. It reported 3 employees.