Greater Pomona Housing Development Corporation

Analysis

Greater Pomona Housing Development Corporation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in July 1977, 49 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 2024, Greater Pomona Housing Development Corporation reported income of $4.3m and spending of $2.5m, leaving 43% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.2m to $4.3m (+95%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 76%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Pomona Housing Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Park Bixby Towers Inc ($4.3m), Knox Housing Partnership Inc ($4.3m) and Mid-Peninsula Half Moon Bay Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $13.2m against liabilities of $299k, net assets of $12.9m.