Beverly Normandie Housing Corporation

Analysis

Beverly Normandie Housing Corporation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1996, 30 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, Beverly Normandie Housing Corporation reported income of $1.0m and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $1.0m (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beverly Normandie Housing Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include San Benito Low Income Housing Corporation ($1.0m), American Homeowners Association Inc ($1.0m) and Senior Citizens Housing Development Corporation of Stonington ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 28% of the total. Other salaries and wages came to $38k. At year end it held assets of $10.2m against liabilities of $9.9m, net assets of $308k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.