Normandale Housing Corporation

Analysis

Normandale Housing Corporation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in September 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, Normandale Housing Corporation reported income of $319k and spending of $450k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $319k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Normandale Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Empire Housing and Development Corporation ($319k), Sylvan Retreat Apartments Inc ($319k) and Byrne Manor Housing Development Fund Company Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $210k. At year end it held assets of $153k against liabilities of $4,242, net assets of $149k. It reported 6 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.