Northtown Housing Development Corporation

Analysis

Northtown Housing Development Corporation is a registered charity in United States, based in RCH Cucamonga, CA. It received its IRS tax-exemption ruling in January 1994, 32 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, Northtown Housing Development Corporation reported income of $2.6m and spending of $1.4m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.6m (-2.6%), an average of -0.7% a year. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northtown Housing Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include New Endeavors by Women ($2.6m), Gulf Coast Partnership Inc ($2.6m) and Linc-Redondo Beach Seniors Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Other salaries and wages came to $613k. At year end it held assets of $8.8m against liabilities of $1.8m, net assets of $7.0m. It reported 19 employees.