Tenants and Owners Development Corporation

Analysis

Tenants and Owners Development Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 1975, 51 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, Tenants and Owners Development Corporation reported income of $5.5m and spending of $7.9m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.1m to $5.5m (-8.6%), an average of -2.2% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tenants and Owners Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Summit Housing Development Corporation ($5.5m), All Ways Care Inc ($5.6m) and The Orchards at Southington Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $799k (10% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $43.8m against liabilities of $6.6m, net assets of $37.2m. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.