Steadfast Housing Development Corporation

Analysis

Steadfast Housing Development Corporation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Steadfast Housing Development Corporation reported income of $4.4m and spending of $5.0m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.3m to $4.4m (-40%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Steadfast Housing Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within HI. Charities of a similar size with the same main cause include Community Health Resource Network Inc ($4.4m), Tennessee Primary Care Association ($4.4m) and Trinity Health Anesthesia Group of New York P C ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $173k (3.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.7m against liabilities of $220k, net assets of $4.5m. It reported 82 employees.