Bronzeville Housing and Community Development Corporation

Analysis

Bronzeville Housing and Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2008, 18 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 2022, Bronzeville Housing and Community Development Corporation reported income of $128k and spending of $880k, spending 685% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $79k to $128k (+62%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 322%. Over the whole period it spent 650% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bronzeville Housing and Community Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Heart and Home Makeovers Inc ($128k), Country Gardens Inc ($128k) and Aquilla House ($128k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 98% of the total. At year end it held assets of $12.2m against liabilities of $4.3m, net assets of $7.9m.

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.