Neighborhood Housing Services of New York City Inc

Analysis

Neighborhood Housing Services of New York City Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1987, 39 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, Neighborhood Housing Services of New York City Inc reported income of $10.2m and spending of $9.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $10.2m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 156%. Over the whole period it spent 95% 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 New York City Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Choanoke Area Development Assoc ($10.2m), Sarahs Circle ($10.2m) and Capital Area Housing Partnership ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $316k (3.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $22.0m against liabilities of $15.8m, net assets of $6.2m. It reported 23 employees.