Neighborhood Housing and Development Corporation

Analysis

Neighborhood Housing and Development Corporation is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in April 1982, 44 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 September 2023, Neighborhood Housing and Development Corporation reported income of $2.2m and spending of $1.3m, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.2m (+55%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 48%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing and Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Golden Opportunity Living Development ($2.2m), Twin Oaks Mutual Housing Community ($2.2m) and Montclair Senior Housing Corporation ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $145k (11% of expenses). Other salaries and wages came to $222k. At year end it held assets of $7.8m against liabilities of $227k, net assets of $7.6m. It reported 8 employees.