Nhh-Canal Street Apartments Inc

Analysis

Nhh-Canal Street Apartments Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Nhh-Canal Street Apartments Inc reported income of $950k and spending of $1.2m, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $901k to $950k (+5.5%), an average of +1.8% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nhh-Canal Street Apartments Inc 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 83rd percentile within TX. Charities of a similar size with the same main cause include Cornelia House ($950k), Rose Hill Townhouses Cooperative Inc ($951k) and Metro Interfaith Housing Management Corporation ($950k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. Other salaries and wages came to $324k. At year end it held assets of $3.1m against liabilities of $139k, net assets of $2.9m. It reported 13 employees.

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.