Crossroads Housing Development Corporation

Analysis

Crossroads Housing Development Corporation is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in February 2000, 26 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, Crossroads Housing Development Corporation reported income of $31.4m and spending of $31.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.3m to $31.4m (+136%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crossroads Housing Development 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 99th percentile within TX. Charities of a similar size with the same main cause include Humangood Nevada ($31.3m), Resurrection Project ($31.4m) and Central Valley Coalition for Affordable Housing ($31.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $237k (0.8% of expenses). Other salaries and wages came to $90k. At year end it held assets of $1.5m against liabilities of $77k, net assets of $1.4m. It reported 4 employees.