Charity Search / WORKFORCE HOUSING DEVELOPMENT CORPORATION
Housing & Shelter (L22) 990 on File

WORKFORCE HOUSING DEVELOPMENT CORPORATION

EIN: 83-4437903 · MATTHEWS, NC 28104-8603 · United States · FY 2024 Data
2 out of 5 31 / 100 Based on 2+ years of filings
Financial strength (30%) 41/100
Reliability (20%) 45/100
Effectiveness (25%) 38/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$0
Total Revenue
$509
Total Expenses
$382K
Net Assets
0
Employees
Expense Breakdown
Program Expense Ratio 0.0%
Fundraising Efficiency N/A
Operating Reserve 9010.26x
Liability-to-Asset 86.3%
Revenue Diversification N/A
Compared with Peers
FY 2024
Compared with 2,317 similar organizations (United States, Housing & Shelter, under $100K in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
0.0% 84.4%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
100.0% 14.2%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
9010.3 mo 35.6 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
86.3% 3.2%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-100.0% 1.3%
P10P90
Expense growth
Year over year expense growth
-95.0% -1.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $0 $509 $382K 0.0% 0
2023 $7K $10K $383K 0.0% 0
2022 $20K $59K $386K 0.0% 0
2021 $425K $87 N/A — 0
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Organization Details
EIN
83-4437903
State
NC
City
MATTHEWS
ZIP
28104-8603
Classification
L22
Category
Housing & Shelter
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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