NCC Neumann Senior Housing Corporation

Analysis

NCC Neumann Senior Housing Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NCC Neumann Senior Housing Corporation reported income of $961k and spending of $1.2m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $961k (+18%), an average of +4.1% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NCC Neumann Senior Housing Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Housing Link ($961k), Hope Fair Housing Center ($961k) and DGN Inc ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Other salaries and wages came to $188k. At year end it held assets of $8.6m against liabilities of $12.1m, net assets of -$3.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.