Generations Housing Initiatives

Analysis

Generations Housing Initiatives is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2016, 10 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, Generations Housing Initiatives reported income of $971k and spending of $989k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $642k to $971k (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 23%. 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, Generations Housing Initiatives sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Genesis Non-Profit Housing Corporation ($970k), Senior Housing Relief for Elders Inc ($971k) and Habitat for Humanity International Inc ($970k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 90% of the total. Other salaries and wages came to $640k. At year end it held assets of $13.0m against liabilities of $13.0m, net assets of $62k.