North Haven Opportunity for Affordable Housing Inc

Analysis

North Haven Opportunity for Affordable Housing Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in May 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 December 2023, North Haven Opportunity for Affordable Housing Inc reported income of $83k and spending of $85k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $87 to $83k (+95415%), an average of +294% a year. The sharpest change came in the year to December 2019, when income rose by 529915%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Haven Opportunity for Affordable Housing Inc sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Marc Resources IV Inc ($83k), Stoner Avenue Bridge House Inc ($83k) and Toledo Housing Corporation ($83k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $4.3m against liabilities of $3.2m, net assets of $1.1m.

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.