Greater Local Neighborhoods Community Development Corporation

Analysis

Greater Local Neighborhoods Community Development Corporation is a registered charity in United States, based in Crestview, FL. It received its IRS tax-exemption ruling in March 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 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 December 2023, Greater Local Neighborhoods Community Development Corporation reported income of $51k and spending of $64k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $412k to $51k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 23% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Local Neighborhoods Community Development Corporation sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Sharon Housing Trust Inc ($51k), Community Apartments Corporation of Carteret County ($51k) and Richard Murphy Hospice House Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $818k against liabilities of $50k, net assets of $768k.