Urban Housing Solutions Inc

Analysis

Urban Housing Solutions Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1992, 34 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, Urban Housing Solutions Inc reported income of $15.6m and spending of $14.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.6m to $15.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. 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, Urban Housing Solutions Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Housing Forward ($15.6m), Mercy Services for Aging Nonprofit Housing Corporation ($15.6m) and Nottingham Retirement Community Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $244k (1.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $96.8m against liabilities of $42.3m, net assets of $54.5m. It reported 65 employees.