Midland Community Housing Development Organization

Analysis

Midland Community Housing Development Organization is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in October 2004, 22 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, Midland Community Housing Development Organization reported income of $681k and spending of $830k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $681k (-59%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midland Community Housing Development Organization sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Lutheran Housing Services 8 Non Profit Housing Corporation ($680k), Delta Development of Western New York Inc ($681k) and United Church Residences of Indianapolis Indiana Inc ($680k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $147k. At year end it held assets of $339k against liabilities of $605k, net assets of -$266k. It reported 4 employees.