Northtown Housing Finance Corporation

Analysis

Northtown Housing Finance Corporation is a registered charity in United States, based in RCH Cucamonga, CA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northtown Housing Finance Corporation reported income of $931k and spending of $1.2m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $54 to $931k (+1724039%), an average of +1046% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northtown Housing Finance Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Boothbay Region Housing Trust ($931k), The Housing Partnership Inc ($931k) and 445v Vip Housing Development Fund Corporation ($931k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.5m against liabilities of $8.7m, net assets of $781k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.