Puerto Rico Neighborhood Housing Services Corp

Analysis

Puerto Rico Neighborhood Housing Services Corp is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in October 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 (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, Puerto Rico Neighborhood Housing Services Corp reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $292k to $1.1m (+263%), an average of +38% a year. The sharpest change came in the year to September 2020, when income rose by 77%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Puerto Rico Neighborhood Housing Services Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 71st percentile within PR. Charities of a similar size with the same main cause include NCR of Ballston Spa Housing Development Fund Co Inc ($1.1m), Pathstone Corporation ($1.1m) and Harry and Jeanette Weinberg House Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $89k (8.6% of expenses). Other salaries and wages came to $701k. At year end it held assets of $3.3m against liabilities of $1.5m, net assets of $1.8m. It reported 21 employees.