Excel Development Company
Excel Development Company reported $12.7 million in revenue and $12.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.28 went to program services, $9.72 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 75.3% of the total. Government grants made up 69.2%. The highest compensation it reported for one person was $324,904 (CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 44% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.7% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 75.3% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 69.2% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 24.3% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $324,904 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.57% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 5 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseExcel Development co., inc. Supports severely mentally ill individuals and their families in over 1,100 apartments by providing rental subsidies and housing support in two different permanent supportive housing programs. Excel Development co., inc.'s housing programs provide necessary support for their clients to obtain and remain in suitable independent living situations
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $319,808 | $0 | $5,096 | $324,904 |
| COO (TERM. OCT 2024) Officer, 40.00 hrs/week | $157,421 | $0 | $560 | $157,981 |
| CFO (TERM. MAR 2024) Former, 40.00 hrs/week | $141,422 | $0 | $1,170 | $142,592 |
| MAINTENANCE TECHNICIAN Highest compensated employee, 59.00 hrs/week | $113,778 | $0 | $633 | $114,411 |
| DIRECTOR OF PROPERTY MANAGEMENT Highest compensated employee, 40.00 hrs/week | $112,970 | $0 | $1,316 | $114,286 |
5 people received more than $100,000 in reportable compensation from Excel Development Company (Part VII, line 2). Compensation of current officers, directors and key employees totaled $625K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 546
- Volunteers Part I, line 611
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| TRAVIS GEESMAN Repairs & construction | $304,525 |
| ROBERT HALF Professional services | $258,648 |
| EXCELSIOR ACCOUNTING SERVICES Professional services | $190,020 |
| BG LANDSCAPING Landscaping | $109,751 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Excel Development Company's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Excel Development Company, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Excel Development Company spent in FY2025, $90.28 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Coburg VillageRexford, NY · revenue $13M · programs 82.6% · 2025
- Grand Central District Management AssociationNew York, NY · revenue $13M · programs 100.0% · FY2025
- Abode Housing DevelopmentFremont, CA · revenue $13M · programs 81.4% · FY2024
- Neighborhood Housing Services of New York CityNew York City, NY · revenue $13M · programs 86.9% · 2025
- SupportWorks HousingRichmond, VA · revenue $13M · programs 84.7% · 2024
Questions people ask
How much of Excel Development Company's spending goes to programs?
In the fiscal year ending June 30, 2025, Excel Development Company reported that 90.3% of its $12.6 million in expenses went to program services, 9.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Excel Development Company pay its top executive?
The largest total compensation Excel Development Company reported for one person in the fiscal year ending June 30, 2025 was $324,904, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Excel Development Company get its money?
Of $12.7 million in revenue in the fiscal year ending June 30, 2025, 75.3% came from contributions and grants (including 69.2% from government grants) and 24.3% from program service revenue (Form 990, Part VIII).
Is Excel Development Company a registered charity?
The IRS lists EIN 31-1240715 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349303567 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500629349301300 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431299349302393 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331329349300148 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231169349301823 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101049349300730 · read the filing
All filings for EIN 31-1240715: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.