Nebraska Housing Developers Association

Analysis

Nebraska Housing Developers Association is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Nebraska Housing Developers Association reported income of $1.4m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $293k to $1.4m (+391%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 123%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nebraska Housing Developers Association 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 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Freedom Community Center ($1.4m), H Street Main Street Inc ($1.4m) and Chamber Foundation ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $97k (6.6% of expenses). Other salaries and wages came to $62k. At year end it held assets of $3.6m against liabilities of $1.8m, net assets of $1.7m. It reported 2 employees.