Rural Communities Housing Development Corporation

Analysis

Rural Communities Housing Development Corporation is a registered charity in United States, based in Ukiah, CA. It received its IRS tax-exemption ruling in January 2009, 17 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 October 2023, Rural Communities Housing Development Corporation reported income of $8.5m and spending of $4.3m, leaving 49% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.9m to $8.5m (+191%), an average of +31% a year. The sharpest change came in the year to October 2023, when income rose by 60%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rural Communities Housing Development Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Affordable Communities Inc Parent Return ($8.5m), National Lutheran Inc ($8.6m) and Recovery Place Community Services Inc ($8.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $301k (6.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $31.1m against liabilities of $16.5m, net assets of $14.6m. It reported 83 employees.