Northwest Housing Initiative Inc

Analysis

Northwest Housing Initiative Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 1999, 27 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, Northwest Housing Initiative Inc reported income of $181k and spending of $201k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $181k (+8.2%), an average of +2.0% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Housing Initiative Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Lincoln Road Benevolent Corporation ($181k), H O L I E of Waukesha Inc ($181k) and Flora Apartments Inc ($181k).

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 $17k. At year end it held assets of $879k against liabilities of $1.5m, net assets of -$653k.

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.