Great Valley Housing Development Corporation

Analysis

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

In the financial year ending September 2023, Great Valley Housing Development Corporation reported income of $895k and spending of $942k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $213k to $895k (+320%), an average of +43% a year. The sharpest change came in the year to September 2020, when income rose by 198%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Great Valley Housing Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Resource Alliance Inc ($895k), Building Communities Inc ($896k) and Catskill Mountain Housing Development Corporation ($894k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $10.2m against liabilities of $10.8m, net assets of -$578k.