Incommon Housing Development Corporation

Analysis

Incommon Housing Development Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 2023, 3 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, Incommon Housing Development Corporation reported income of $270k and spending of $227k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $270k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Incommon Housing Development Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NE. Charities of a similar size with the same main cause include Apartments of River Trace Inc ($270k), Versailles Apartments Inc ($270k) and Essex Elderly & Affordable Housing ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (45% of expenses). Other salaries and wages came to $52k. At year end it held assets of $1.6m against liabilities of $1.5m, net assets of $123k. It reported 2 employees.