Nehemiah Housing Development Fund Company Inc

Analysis

Nehemiah Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nehemiah Housing Development Fund Company Inc reported income of $2.7m and spending of $1.5m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $2.7m (+402%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 11432%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nehemiah Housing Development Fund Company Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.7m), Penates Inc ($2.7m) and New Way Group Home ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $487k (33% of expenses). At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m. It reported 3 employees.