Neighborhood Housing Finance Corporation

Analysis

Neighborhood Housing Finance Corporation is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Neighborhood Housing Finance Corporation reported income of $1.8m and spending of $299k, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $1.8m (-67%), an average of -24% a year. The sharpest change came in the year to June 2023, when income rose by 424%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Finance 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 84th percentile within MA. Charities of a similar size with the same main cause include Housing Opportunities Inc ($1.8m), Tri-Counties Community Housing Corporation ($1.8m) and Brownsville Partnership Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $13.1m against liabilities of $10.6m, net assets of $2.5m.