The Housing Development Corporation Of Rock Hill
EIN: 570931971 · Rock Hill, SC · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $997K |
| Total Expenses | $825K |
| Net Assets | $3.8M |
Is The Housing Development Corporation Of Rock Hill Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Housing Development Corporation Of Rock Hill
The Housing Development Corporation Of Rock Hill (EIN: 570931971) is a nonprofit organization based in Rock Hill, SC, classified under NTEE code L20Z. The organization reported total revenue of $997K and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Housing Development Corporation Of Rock Hill's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Housing Development Corporation Of Rock Hill is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $825K |
| Surplus / Deficit | +$278K |
| Total Assets | $5.3M |
| Total Liabilities | $1.5M |
| Net Assets | $3.8M |
| Operating Margin | 25.2% |
| Debt-to-Asset Ratio | 27.9% |
| Months of Reserves | 76.8 months |
Financial Health Grade: A
In 2023, The Housing Development Corporation Of Rock Hill reported a surplus of $278K with revenue exceeding expenses, holds 76.8 months of operating reserves (strong position), has a debt-to-asset ratio of 27.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Housing Development Corporation Of Rock Hill's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.7% | +1.7% | +1.9% |
| 2022 | -48.6% | -66.9% | +10.4% |
| 2021 | +17.7% | +49.3% | -4.6% |
| 2020 | +7.9% | +75.7% | +46.0% |
| 2019 | +11000.8% | +55.5% | +51.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Housing Development Corporation Of Rock Hill has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Housing Development Corporation Of Rock Hill with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $278K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.9%.
Frequently Asked Questions about The Housing Development Corporation Of Rock Hill
Is The Housing Development Corporation Of Rock Hill a legitimate charity?
The Housing Development Corporation Of Rock Hill (EIN: 570931971) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $997K. No red flags identified. Financial health grade: A.
How does The Housing Development Corporation Of Rock Hill spend its money?
The Housing Development Corporation Of Rock Hill reported $997K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Housing Development Corporation Of Rock Hill tax-deductible?
The Housing Development Corporation Of Rock Hill is registered as a tax-exempt nonprofit (EIN: 570931971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Housing Development Corporation Of Rock Hill located?
The Housing Development Corporation Of Rock Hill is headquartered in Rock Hill, South Carolina and files with the IRS under EIN 570931971. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does The Housing Development Corporation Of Rock Hill have?
The Housing Development Corporation Of Rock Hill has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $997K in total revenue.
Filing History
IRS 990 filing history for The Housing Development Corporation Of Rock Hill showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Housing Development Corporation Of Rock Hill's revenue has grown by 139.4%, moving from $461K to $1.1M. Total assets increased by 136.6% over the same period, from $2.2M to $5.3M. Total functional expenses rose by 93.7%, from $426K to $825K. In its most recent filing year (2023), The Housing Development Corporation Of Rock Hill reported a surplus of $278K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $5.3M in assets (debt-to-asset ratio: 27.9%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $825K | $5.3M | $1.5M | — | — |
| 2022 | $1.4M | $811K | $5.2M | $1.6M | — | View 990 |
| 2021 | $2.6M | $2.4M | $4.7M | $1.7M | — | — |
| 2020 | $2.2M | $1.6M | $4.9M | $1.7M | — | View 990 |
| 2019 | $2.1M | $934K | $3.4M | $1.2M | — | View 990 |
| 2018 | $19K | $601K | $2.2M | $1.2M | — | View 990 |
| 2017 | $489K | $205K | $2.0M | $556K | — | View 990 |
| 2016 | $486K | $266K | $1.8M | $608K | — | View 990 |
| 2015 | $261K | $266K | $1.6M | $638K | — | View 990 |
| 2014 | $114K | $105K | $1.9M | $911K | — | View 990 |
| 2013 | $178K | $183K | $2.0M | $1.0M | — | View 990 |
| 2012 | $171K | $173K | $2.2M | $1.3M | — | View 990 |
| 2011 | $461K | $426K | $2.2M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $825K, and assets of $5.3M (revenue -18.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $811K, and assets of $5.2M (revenue -48.6% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.4M, and assets of $4.7M (revenue +17.7% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.6M, and assets of $4.9M (revenue +7.9% year-over-year).
- 2019: Revenue of $2.1M, expenses of $934K, and assets of $3.4M (revenue +11000.8% year-over-year).
- 2018: Revenue of $19K, expenses of $601K, and assets of $2.2M (revenue -96.2% year-over-year).
- 2017: Revenue of $489K, expenses of $205K, and assets of $2.0M (revenue +0.6% year-over-year).
- 2016: Revenue of $486K, expenses of $266K, and assets of $1.8M (revenue +85.8% year-over-year).
- 2015: Revenue of $261K, expenses of $266K, and assets of $1.6M (revenue +128.5% year-over-year).
- 2014: Revenue of $114K, expenses of $105K, and assets of $1.9M (revenue -35.7% year-over-year).
- 2013: Revenue of $178K, expenses of $183K, and assets of $2.0M (revenue +4.3% year-over-year).
- 2012: Revenue of $171K, expenses of $173K, and assets of $2.2M (revenue -62.9% year-over-year).
- 2011: Revenue of $461K, expenses of $426K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Housing Development Corporation Of Rock Hill:
Data Sources and Methodology
This transparency report for The Housing Development Corporation Of Rock Hill is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.