Greensboro Housing Management Corporation

Analysis

Greensboro Housing Management Corporation is a registered charity in United States, based in Greensboro, NC. 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 December 2023, Greensboro Housing Management Corporation reported income of $724k and spending of $715k, spending 99% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $5.9m to $724k (-88%), an average of -34% a year. The sharpest change came in the year to December 2019, when income dropped by 69%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greensboro Housing Management Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Unity Place Housing Inc ($724k), Volunteers of America Inc ($724k) and Met Council Research & Educational Fund Inc ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 9.0% of the total. At year end it held assets of $7.9m against liabilities of $241k, net assets of $7.6m.