Housing Network Rhode Island Assoc of Nonprofit Housing Developers

Analysis

Housing Network Rhode Island Assoc of Nonprofit Housing Developers is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in June 1994, 32 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 June 2023, Housing Network Rhode Island Assoc of Nonprofit Housing Developers reported income of $877k and spending of $724k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $340k to $877k (+158%), an average of +27% a year. The sharpest change came in the year to June 2020, when income rose by 74%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Network Rhode Island Assoc of Nonprofit Housing Developers sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within RI. Charities of a similar size with the same main cause include Dowling Park Home Inc ($877k), South Bay Retirement Residence ($877k) and Urban League Affordable Housing and Community Developmental Corpor ($876k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $150k (21% of expenses). Other salaries and wages came to $250k. At year end it held assets of $681k against liabilities of $78k, net assets of $603k. It reported 13 employees.