Burbank Housing Development Corporation

Analysis

Burbank Housing Development Corporation is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in November 1983, 43 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, Burbank Housing Development Corporation reported income of $15.8m and spending of $25.8m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.8m to $15.8m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 330%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Burbank Housing Development Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Anchorage Neighborhood Housing Services Inc ($15.8m), Columbus House ($15.8m) and American Family Housing ($15.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.2m (4.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $181.8m against liabilities of $103.6m, net assets of $78.2m. It reported 40 employees.