Massachusetts Chapter of the Natl Assoc of Housing & Redevelopment O

Analysis

Massachusetts Chapter of the Natl Assoc of Housing & Redevelopment O is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in March 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Massachusetts Chapter of the Natl Assoc of Housing & Redevelopment O reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $937k to $1.4m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Massachusetts Chapter of the Natl Assoc of Housing & Redevelopment O sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Flagstaff Housing Corporation ($1.4m), Freeport Housing Trust Inc ($1.4m) and Davis Community Meals ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $152k (11% of expenses). Other salaries and wages came to $296k. At year end it held assets of $386k against liabilities of $45k, net assets of $341k. It reported 5 employees.