Neighborhood Affordable Housing Friends Inc

Analysis

Neighborhood Affordable Housing Friends Inc is a registered charity in United States, based in Edgewater, NJ. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neighborhood Affordable Housing Friends Inc reported income of $534k and spending of $464k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $378k to $534k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Affordable Housing Friends Inc 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 76th percentile within NJ. Charities of a similar size with the same main cause include Rio Hondo Community Development Corporation ($534k), Villa Okeefe ($535k) and Peninsula Housing Development Inc XI ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $51k. At year end it held assets of $2.2m against liabilities of $972k, net assets of $1.2m.