Chestnut Hill Housing Inc

Analysis

Chestnut Hill Housing Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in August 1996, 30 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, Chestnut Hill Housing Inc reported income of $1.0m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $1.0m (+14%), an average of +3.3% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chestnut Hill Housing Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Greenvale Place of Northfield Inc ($1.0m), Rhe Properties Inc ($1.0m) and West Apartments Inc ($1.0m).

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 $143k. At year end it held assets of $4.5m against liabilities of $131k, net assets of $4.3m.

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.