Housing and Neighborhood Development Services of Central

Analysis

Housing and Neighborhood Development Services of Central is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 1998, 28 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 September 2023, Housing and Neighborhood Development Services of Central reported income of $11.2m and spending of $7.7m, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.7m to $11.2m (+95%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 31%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Neighborhood Development Services of Central sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include The Housing Partnership Fund Inc ($11.1m), Coburg Village Inc ($11.2m) and Columbus Club Association of Ysleta ($11.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $184k (2.4% of expenses). Other salaries and wages came to $998k. At year end it held assets of $25.3m against liabilities of $14.1m, net assets of $11.2m. It reported 8 employees.