Maryville Housing Development Corporation

Analysis

Maryville Housing Development Corporation is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in August 2020, 6 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, Maryville Housing Development Corporation reported income of $81k and spending of $35k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $242k to $81k (-67%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 16% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maryville Housing Development Corporation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include LA Casa de Dona Here Inc ($81k), South Fork Retirement Center Inc ($81k) and Springfield Community Land Trust ($81k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $5,400. At year end it held assets of $278k against liabilities of $2,851, net assets of $276k.