Abode Housing Development
Abode Housing Development reported $12.7 million in revenue and $10.2 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $81.38 went to program services, $18.47 to management and general costs and $0.15 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 87.7% of the total. Government grants made up 8.8%. The highest compensation it reported for one person was $361,688 (CHIEF EXECUTIVE OFFICER). Revenue rose 132% between FY2020 and FY2024. Source: Form 990, FY2024 (6 mo.).
Where $100 of spending went
The 6-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $10MFor 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 6-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.4% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 11.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 8.8% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 87.7% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $361,688 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.53% | 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 | 30.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 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
FY2024 (6 mo.) · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2024 (6 mo.) · 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 7.00 hrs/week | $0 | $355,675 | $6,013 | $361,688 |
| CHIEF FINANCIAL OFFICER Officer, 5.00 hrs/week | $0 | $280,616 | $13,331 | $293,947 |
| CHIEF OPERATING OFFICER Officer, 7.00 hrs/week | $0 | $234,147 | $11,281 | $245,428 |
0 people received more than $100,000 in reportable compensation from Abode Housing Development (Part VII, line 2).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 (6 mo.) · 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–1b16 · 16 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 15aNo
- 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 50
- Volunteers Part I, line 617
Largest outside contractors
FY2024 (6 mo.) · Form 990, Part VII, Section B · businesses only| ALLIED PARKMOOR HUB LLC Residential services | $578,103 |
| NPH ACTION FUND POLITICAL ISSUES COMMITT State policy & advocacy | $250,000 |
| ARMANINO LLP Accounting | $161,129 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Abode Housing Development's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Abode Housing Development, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Abode Housing Development spent in FY2024, $81.38 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- SupportWorks HousingRichmond, VA · revenue $13M · programs 84.7% · 2024
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- Phs Founders RidgeRoseville, MN · revenue $13M · programs 85.7% · FY2025
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All housing & shelter charities · Largest charities in California
Questions people ask
How much of Abode Housing Development's spending goes to programs?
In the fiscal year ending June 30, 2024, Abode Housing Development reported that 81.4% of its $10.2 million in expenses went to program services, 18.5% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Abode Housing Development pay its top executive?
The largest total compensation Abode Housing Development reported for one person in the fiscal year ending June 30, 2024 was $361,688, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Abode Housing Development get its money?
Of $12.7 million in revenue in the fiscal year ending June 30, 2024, 11.1% came from contributions and grants (including 8.8% from government grants) and 87.7% from program service revenue (Form 990, Part VIII).
Is Abode Housing Development a registered charity?
The IRS lists EIN 94-3205085 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
- FY2024 (6 mo.): Form 990 for the 6-month short period ending December 31, 2024, object 202513219349326346 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349316983 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349313462 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202312069349301256 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201329349307170 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101319349302760 · read the filing
All filings for EIN 94-3205085: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.