National Development Foundation Inc

Analysis

National Development Foundation Inc is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in May 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 December 2023, National Development Foundation Inc reported income of $2.6m and spending of $2.8m, spending 109% of what it took in. The sharpest change came in the year to December 2022, when income dropped by 115%. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Development Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include 353-365 Housing Development Fund Company Inc ($2.6m), Energy Share of Montana Inc ($2.6m) and Archdiocesan Housing Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Compensation of current officers, directors and key employees was $268k (9.5% of expenses). Other salaries and wages came to $96k. At year end it held assets of $22.9m against liabilities of $27.7m, net assets of -$4.9m. It reported 5 employees.