Monsignor Neagle Apartments Inc

Analysis

Monsignor Neagle Apartments Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in July 1995, 31 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 September 2023, Monsignor Neagle Apartments Inc reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $872k to $1.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monsignor Neagle Apartments Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Westmoreland Non-Profit Housing Corporation ($1.1m), Tolton Senior Housing Corporation ($1.1m) and Comite Gericola Regional de Mayagugz Incorporado ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 79% of the total. Other salaries and wages came to $227k. At year end it held assets of $4.2m against liabilities of $119k, net assets of $4.1m.