Neighborhood Housing Services of Stamford Inc

Analysis

Neighborhood Housing Services of Stamford Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in August 1982, 44 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, Neighborhood Housing Services of Stamford Inc reported income of $438k and spending of $491k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $564k to $438k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Services of Stamford Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include National Church Residences of ($438k), Schoharie County Housing Development Fund Co Inc ($438k) and Roslindale Senior Housing Corporation ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $67k (14% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$376k. It reported 2 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.