Community Housing Solutions of Guilford Inc

Analysis

Community Housing Solutions of Guilford Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 2005, 21 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, Community Housing Solutions of Guilford Inc reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.8m (+149%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Solutions of Guilford Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include 89 South Care Support Inc ($3.8m), Westwood Senior Housing Corp ($3.8m) and Home Repair Services of Kent County Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $219k (5.8% of expenses). Other salaries and wages came to $295k. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.1m. It reported 13 employees.