Diverse Housing Services Inc

Analysis

Diverse Housing Services Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Diverse Housing Services Inc reported income of $464k and spending of $492k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $382k to $464k (+21%), an average of +10% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Diverse Housing Services Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Newell Retirement Apartments ($464k), Epworth Village Inc ($464k) and Lynx Crossing Apartments Inc ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Other salaries and wages came to $85k. At year end it held assets of $592k against liabilities of $631k, net assets of -$39k.