Housing Development Center Inc

Analysis

Housing Development Center Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 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, Housing Development Center Inc reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.2m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include The Turner Foundation - Since 1958 ($3.2m), Bishops Commons Inc ($3.2m) and Christ the King Community Outreach ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $196k (6.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.3m against liabilities of $861k, net assets of $4.5m. It reported 23 employees.