Housing Association of Nonprofit Developers

Analysis

Housing Association of Nonprofit Developers is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1998, 28 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 June 2023, Housing Association of Nonprofit Developers reported income of $1.7m and spending of $1.2m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $606k to $1.7m (+173%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Association of Nonprofit Developers sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include James Lenox House Inc ($1.6m), Thursdays Child ($1.7m) and Everlasting Pine Housing Development Fund Company Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $333k (27% of expenses). Other salaries and wages came to $149k. At year end it held assets of $1.6m against liabilities of $93k, net assets of $1.5m. It reported 3 employees.