Greenpointe Regional Housing Inc

Analysis

Greenpointe Regional Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in March 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greenpointe Regional Housing Inc reported income of $2.4m and spending of $2.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+5.9%), an average of +1.4% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenpointe Regional Housing Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include San Luis Obispo County Housing Trust Fund ($2.4m), Affordable Housing Visions for Texas Inc ($2.4m) and Superior Health Support Systems ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $381k. At year end it held assets of $9.4m against liabilities of $9.8m, net assets of -$410k.

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.