Nexus for Affordable Housing Inc

Analysis

Nexus for Affordable Housing Inc is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in August 2000, 26 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, Nexus for Affordable Housing Inc reported income of $101k and spending of $139k, spending 137% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $343k to $101k (-70%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nexus for Affordable Housing Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Atlantic County Ilc Inc ($101k), Centre County Housing and Landtrust ($101k) and Cedar Lake-Cherrywood Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $66k. At year end it held assets of $953k against liabilities of $34k, net assets of $920k.