Southeast Nebraska Affordable Housing Council Inc

Analysis

Southeast Nebraska Affordable Housing Council Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in January 2023, 3 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 June 2021, Southeast Nebraska Affordable Housing Council Inc reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 4 years on record, from June 2018 to June 2021, income grew from $29k to $1.7m (+5743%), an average of +288% a year. The sharpest change came in the year to June 2021, when income rose by 6471%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeast Nebraska Affordable Housing Council Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Jfa Non-Profit Housing Corporation ($1.7m), Islips Housing Development Fund Company Inc ($1.7m) and Mercy Housing Wheaton NFP ($1.7m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. At year end it held assets of $3.7m against liabilities of $564k, net assets of $3.2m.