Longmont Housing Development Corporation

Analysis

Longmont Housing Development Corporation is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in November 1994, 32 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, Longmont Housing Development Corporation reported income of $448k and spending of $487k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $448k (-84%), an average of -37% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 35% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Longmont Housing Development Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Fayette County Citizens for Progress Inc ($448k), Equity Community Development ($449k) and Skyline Recovery ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 104% of the total. At year end it held assets of $13.3m against liabilities of $3.9m, net assets of $9.4m.