NHS Redevelopment Corporation

Analysis

NHS Redevelopment Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1980, 46 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 March 2024, NHS Redevelopment Corporation reported income of $1.9m and spending of $473k, leaving 75% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income fell from $4.1m to $1.9m (-55%), an average of -15% a year. The sharpest change came in the year to March 2021, when income rose by 124%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NHS Redevelopment Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include The Architects Housing Company I ($1.9m), Home Again Los Angeles ($1.9m) and Westridge Senior Housing Inc ($1.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 5.3% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $111k (24% of expenses). Other salaries and wages came to $240k. At year end it held assets of $6.7m against liabilities of $6.5m, net assets of $184k.