Hampton Roads Housing Assistants Inc

Analysis

Hampton Roads Housing Assistants Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in August 2018, 8 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, Hampton Roads Housing Assistants Inc reported income of $1.2m and spending of $988k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $1.0m to $1.2m (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hampton Roads Housing Assistants Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Casa Del Sol Mobile Home Corporation ($1.2m), McGregor at Overlook ($1.2m) and Santiago Sunrise Village Mobile Home Park Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $332 (0.0% of expenses). At year end it held assets of $1.1m against liabilities of $633k, net assets of $482k.