Nature Coast Affordable Housing Corp

Analysis

Nature Coast Affordable Housing Corp is a registered charity in United States, based in Hernando, FL. It received its IRS tax-exemption ruling in October 2003, 23 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, Nature Coast Affordable Housing Corp reported income of $333k and spending of $102k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $333k (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 328%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nature Coast Affordable Housing Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Shepherd Oak West Apartments Inc ($333k), Sartell Senior Housing Inc ($333k) and Lutheran Housing Services 18 Incorporated ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $2.0m against liabilities of $529k, net assets of $1.5m.