Neighborhood Housing Services of Chicago Inc

Analysis

Neighborhood Housing Services of Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1975, 51 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 March 2024, Neighborhood Housing Services of Chicago Inc reported income of $6.1m and spending of $9.7m, spending 158% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $3.2m to $6.1m (+90%), an average of +14% a year. The sharpest change came in the year to March 2021, when income rose by 158%. Over the whole period it spent 107% 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 Chicago Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include The Pelhman Corporation ($6.1m), Breaking Ground IV Housing Development Fund Corporation ($6.1m) and Good Shepherd Ministries of Wilmington Inc ($6.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 29% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $558k (5.8% of expenses). Other salaries and wages came to $2.6m. It paid $132k in professional fundraising fees. At year end it held assets of $12.0m against liabilities of $15.5m, net assets of -$3.5m. It reported 96 employees.