San Francisco Housing Development Corporation

Analysis

San Francisco Housing Development Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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, San Francisco Housing Development Corporation reported income of $8.8m and spending of $9.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $8.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Francisco Housing Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include St Annes School of Annapolis Incorporated ($8.8m), Save the Music Foundation ($8.8m) and Ka Hale a Ke Ola Homeless Resource Centers Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $365k (3.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $43.6m against liabilities of $30.1m, net assets of $13.4m. It reported 36 employees.