Housing Development Consortium of Seattle-King County

Analysis

Housing Development Consortium of Seattle-King County is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1993, 33 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, Housing Development Consortium of Seattle-King County reported income of $1.8m and spending of $1.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development Consortium of Seattle-King County sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Community Housing Management Corp ($1.8m), Granada Gardens RHF Housing Inc ($1.8m) and Memphis Jewish Housing Development Corp ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $196k (13% of expenses). Other salaries and wages came to $547k. At year end it held assets of $1.1m against liabilities of $167k, net assets of $959k. It reported 11 employees.