Devco Foundation
Devco Foundation reported $14.6 million in revenue and $147,992 in expenses for calendar year 2024. Of every $100 it spent, $68.74 went to program services, $31.26 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.9% of the total. The highest compensation it reported for one person was $8,000 (DIRECTOR). Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $148KFor 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
Calendar year 2024 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 68.7% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 31.3% | 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 | 99.9% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $8,000 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.41% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -324.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 6 of 7 | 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
2024 · Form 990, Part III · the three largest programs by expenseThe organization creates opportunity for low-income individuals and families by providing quality affordable housing. The organization will, through joint ventures or otherwise, invest in, develop, build, own, operate, rehabilitate, and/or manage affordable housing projects
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 1.00 hrs/week | $8,000 | $0 | $0 | $8,000 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $8,000 | $0 | $0 | $8,000 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $8,000 | $0 | $0 | $8,000 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $8,000 | $0 | $0 | $8,000 |
| SECRETARY Director/trustee, officer, 1.00 hrs/week | $8,000 | $0 | $0 | $8,000 |
| TREASURER Director/trustee, officer, 1.00 hrs/week | $8,000 | $0 | $0 | $8,000 |
0 people received more than $100,000 in reportable compensation from Devco Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $48,000 (Part IX, line 5).
1 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b7 · 6 independent
- Audited financial statements Part XII 2bNo
- 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 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- 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 26Yes
- 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 50
- Volunteers Part I, line 61
Correct a figure or respond
Every number above is copied from Devco Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Devco Foundation, you can publish a response that is linked from this page.
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Of every $100 Devco Foundation spent in 2024, $68.74 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Nht CommunitiesWashington, DC · revenue $15M · programs 86.4% · 2024
- Jewish Home Life CommunitiesAtlanta, GA · revenue $15M · programs 80.9% · FY2025
- Phs Apple Valley Senior HousingRoseville, MN · revenue $14M · programs 85.2% · FY2025
- Broward Partnership for the HomelessFort Lauderdale, FL · revenue $15M · programs 82.1% · FY2025
- Lions Affordable Housing CorporationSan Diego, CA · revenue $14M · FY2025
All housing & shelter charities · Largest charities in Washington
Questions people ask
How much of Devco Foundation's spending goes to programs?
In calendar year 2024, Devco Foundation reported that 68.7% of its $147,992 in expenses went to program services, 31.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Devco Foundation pay its top executive?
The largest total compensation Devco Foundation reported for one person in calendar year 2024 was $8,000, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Devco Foundation get its money?
Of $14.6 million in revenue in calendar year 2024, 99.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Devco Foundation a registered charity?
The IRS lists EIN 93-4320484 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024 (amended), object 202513239349300521 · read the filing · XML
All filings for EIN 93-4320484: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.