Arizona Housing Development Corporation

Analysis

Arizona Housing Development Corporation is a registered charity in United States, based in Yuma, AZ. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2023, Arizona Housing Development Corporation reported income of $1.2m and spending of $345k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $133k to $1.2m (+773%), an average of +72% a year. The sharpest change came in the year to June 2020, when income rose by 813%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arizona Housing Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Haven House of Montrose Inc ($1.2m), Wayfinders Ohio Inc ($1.2m) and Will County Housing Developmentcorporation NFP ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $2.7m against liabilities of $16k, net assets of $2.7m.