New Directions Housing Corporation

Analysis

New Directions Housing Corporation is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in March 1995, 31 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, New Directions Housing Corporation reported income of $221k and spending of $614k, spending 278% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $221k (-91%), an average of -46% a year. The sharpest change came in the year to December 2020, when income rose by 566%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Directions Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Cerebral Palsy of Utah Housing Corporation ($221k), Good Shepherd Housing Development Corporation ($221k) and Dyouville Senior Living Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $150k (24% of expenses). Other salaries and wages came to $211k. At year end it held assets of $14.7m against liabilities of $706k, net assets of $14.0m.

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.