Village at Northgate Housing Inc

Analysis

Village at Northgate Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in June 2007, 19 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, Village at Northgate Housing Inc reported income of $285k and spending of $368k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $285k (+44%), an average of +9.6% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village at Northgate Housing Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Housing Assistance Corporation of Jasper Alabama ($285k), Association to Benefit Children HDFC ($285k) and City Light Ministry ($285k).

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 $41k. At year end it held assets of $2.7m against liabilities of $4.2m, net assets of -$1.5m.

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.