Hometown Community Development Corporation

Analysis

Hometown Community Development Corporation is a registered charity in United States, based in Upland, CA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hometown Community Development Corporation reported income of $1.9m and spending of $4.4m, spending 225% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.4m to $1.9m (-83%), an average of -36% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hometown Community Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include The Lena and David T Wilentz Senior Residence Inc ($1.9m), Pathways to Recovery Inc ($1.9m) and Pro Viviendas IV Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $758k (17% of expenses). At year end it held assets of $10.8m against liabilities of $758k, net assets of $10.1m. It reported 2 employees.