Housing and Neighborhood Development Service

Analysis

Housing and Neighborhood Development Service is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 1969, 57 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, Housing and Neighborhood Development Service reported income of $3.8m and spending of $3.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.8m (+72%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Neighborhood Development Service sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Rutland Place Inc ($3.8m), Lower Cape Cod Community Development Corporation ($3.8m) and Habitat for Humanity International Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $108k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $14.2m against liabilities of $7.5m, net assets of $6.7m. It reported 51 employees.