Kimble-Dover Street Apartments Inc

Analysis

Kimble-Dover Street Apartments Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2001, 25 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, Kimble-Dover Street Apartments Inc reported income of $396k and spending of $575k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $396k (+9.2%), an average of +2.2% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kimble-Dover Street Apartments Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include PH Affordable Housing Fund Inc ($396k), Mama TS Inc ($396k) and Ryder Village II Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $114k. At year end it held assets of $3.6m against liabilities of $146k, net assets of $3.4m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.