NCSC Housing Development Corp Two

Analysis

NCSC Housing Development Corp Two is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in June 2002, 24 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, NCSC Housing Development Corp Two reported income of $529k and spending of $632k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $396k to $529k (+34%), an average of +10% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NCSC Housing Development Corp Two sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include S a M H Corporation ($529k), Holy Family Housing Corporation ($529k) and Ausable Valley Apartments Inc ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 93% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.2m against liabilities of $629k, net assets of $613k. It reported 5 employees.

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.