Nba El Redentor Apartments II

Analysis

Nba El Redentor Apartments II is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1951, 75 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nba El Redentor Apartments II reported income of $188k and spending of $281k, spending 149% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $453k to $188k (-58%), an average of -20% a year. The sharpest change came in the year to June 2021, when income dropped by 58%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nba El Redentor Apartments II sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Framingham Housing Development Corporation II ($188k), Pineywoods Home Team Affordable Housing ($188k) and Affordable Housing Solutions ($188k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $49k. At year end it held assets of $1.0m against liabilities of $24k, net assets of $988k.

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.