Coalition for Nonprofit Housing and Economic Development

Analysis

Coalition for Nonprofit Housing and Economic Development is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1994, 32 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, Coalition for Nonprofit Housing and Economic Development reported income of $2.6m and spending of $4.5m, spending 175% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income grew from $1.5m to $2.6m (+71%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 139%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coalition for Nonprofit Housing and Economic Development sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Mohawk Valley Community College Dormitory Corp ($2.6m), Affordable Housing CDC Inc ($2.6m) and Keystone Opportunity Center Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $265k (5.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.7m against liabilities of $1.3m, net assets of $8.3m. It reported 12 employees.