Good Neighbors Housing Inc

Analysis

Good Neighbors Housing Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 1977, 49 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, Good Neighbors Housing Inc reported income of $806k and spending of $845k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $779k to $806k (+3.5%), an average of +0.9% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good Neighbors Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Natchitoches Thomas Apartments Inc ($806k), Phoenix Ministries 3 Inc ($806k) and Macedonia Community Developmentcorporation of South Brevard ($805k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $53k (6.2% of expenses). Other salaries and wages came to $101k. At year end it held assets of $1.1m against liabilities of $2.0m, net assets of -$908k.