Community Housing Developers Inc

Analysis

Community Housing Developers Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 1979, 47 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, Community Housing Developers Inc reported income of $4.1m and spending of $4.8m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.1m (+19%), an average of +4.5% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Developers Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Beech Interplex Inc ($4.1m), Riverside Housing Development Corporation ($4.1m) and Saint Elizabeth Shelter Corporation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $427k (8.9% of expenses). Other salaries and wages came to $703k. At year end it held assets of $19.3m against liabilities of $23.1m, net assets of -$3.8m. It reported 20 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.