Abode Housing Development

Analysis

Abode Housing Development is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in August 1994, 32 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, Abode Housing Development reported income of $13.6m and spending of $6.4m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $13.6m (+244%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abode Housing Development sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Elder Care Alliance of San Rafael ($13.6m), Pleasant View Luther Home Inc ($13.6m) and Alamance Extended Care Inc ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 43% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $98.6m against liabilities of $75.2m, net assets of $23.4m.