North Country Affordable Housing Inc

Analysis

North Country Affordable Housing Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in October 1988, 38 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 March 2023, North Country Affordable Housing Inc reported income of $914k and spending of $933k, spending 102% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $827k to $914k (+11%), an average of +3.4% a year. The sharpest change came in the year to March 2022, when income rose by 26%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Country Affordable Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Avenue of the Arts Presbyterian-Psc Apartments Inc ($914k), Fort Worth Affordability Inc ($914k) and Maple Leaf Community Residences Inc ($914k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $1.9m against liabilities of $3.5m, net assets of -$1.6m.