Mission Housing Development Corp

Analysis

Mission Housing Development Corp is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1972, 54 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, Mission Housing Development Corp reported income of $30.2m and spending of $31.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.8m to $30.2m (+119%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mission Housing Development Corp sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Mira Bella ($30.1m), Full Circle Communities Inc ($30.2m) and Solid Ground Washington ($29.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $281k (0.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $66.1m against liabilities of $13.9m, net assets of $52.2m. It reported 46 employees.