Ncba Housing Development Corporation of the District of Col

Analysis

Ncba Housing Development Corporation of the District of Col is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1978, 48 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 2023, Ncba Housing Development Corporation of the District of Col reported income of $1.2m and spending of $562k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ncba Housing Development Corporation of the District of Col sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include South Brunswick Community Development Corporation ($1.2m), Morton County Housing Corporation ($1.2m) and Springhill Housing Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 16% of the total. Other salaries and wages came to $377k. At year end it held assets of $33.2m against liabilities of $2.7m, net assets of $30.5m. It reported 4 employees.