New Hampshire Housing Development Corporation

Analysis

New Hampshire Housing Development Corporation is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in May 2004, 22 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 June 2023, New Hampshire Housing Development Corporation reported income of $82k and spending of $99k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $75k to $82k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hampshire Housing Development Corporation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include North Valley Housing Trust ($82k), Hand-Up Village ($82k) and CHT Vision Inc ($82k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $571k against liabilities of $375k, net assets of $196k.

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.