The Family Housing Development Corporation

Analysis

The Family Housing Development Corporation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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 June 2024, The Family Housing Development Corporation reported income of $564k and spending of $30k, leaving 95% of income unspent that year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 11% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Family Housing Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NM. Charities of a similar size with the same main cause include Specialisterne USA Inc ($564k), Our Brothers Keeper Inc ($564k) and Childrens Montessori of Georgetown Inc ($564k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $12k. At year end it held assets of $1.3m against liabilities of $469, net assets of $1.3m. It reported 1 employees.