Neighborhood Housing Services of Brooklyn Bedford-Stuyvesant CDC in

Analysis

Neighborhood Housing Services of Brooklyn Bedford-Stuyvesant CDC in is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Bedford-Stuyvesant CDC in reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-2.4%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborhood Housing Services of Brooklyn Bedford-Stuyvesant CDC in sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Georgia Youth Homes Foundation ($1.2m), Jewish Family Service of Greater Dallas Foundation ($1.2m) and Community Food and Agriculture Coalition ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $160k (15% of expenses). Other salaries and wages came to $266k. It paid $8,750 in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $188k, net assets of $832k. It reported 8 employees.