Neighborhood Housing Services of Jamaica Inc

Analysis

Neighborhood Housing Services of Jamaica Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in October 1974, 52 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, Neighborhood Housing Services of Jamaica Inc reported income of $307k and spending of $650k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $307k (-85%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. 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, Neighborhood Housing Services of Jamaica Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Tyr Development Co ($307k), Martin Luther King Housing Development Association ($307k) and Walker Meadow Retirement Community Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $130k (20% of expenses). Other salaries and wages came to $497k. At year end it held assets of $711k against liabilities of $368k, net assets of $342k. It reported 13 employees.