Greenvale Place of Northfield Inc

Analysis

Greenvale Place of Northfield Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1976, 50 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, Greenvale Place of Northfield Inc reported income of $1.0m and spending of $911k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $891k to $1.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenvale Place of Northfield Inc 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 78th percentile within MN. Charities of a similar size with the same main cause include West Apartments Inc ($1.0m), Chestnut Hill Housing Inc ($1.0m) and Penwal Affordable Housing Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $56k.