Neighborhood Housing Services of Brooklyn CDC Inc

Analysis

Neighborhood Housing Services of Brooklyn CDC Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, Neighborhood Housing Services of Brooklyn CDC Inc reported income of $2.5m and spending of $2.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.5m (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Services of Brooklyn CDC Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Tri-County HDC Ltd ($2.5m), Vincent Properties Inc ($2.5m) and Caritas Communities Holdings Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Other salaries and wages came to $1.1m. It paid $28k in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $382k, net assets of $2.0m. It reported 25 employees.