North Park Apartments Housing Corporation

Analysis

North Park Apartments Housing Corporation is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in August 1996, 30 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 June 2024, North Park Apartments Housing Corporation reported income of $881k and spending of $957k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $623k to $881k (+41%), an average of +9.1% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Park Apartments Housing Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Prairieland Council Inc NFP ($881k), Community Renaissance Alliance Inc ($883k) and Lutheran Housing Development Fund Corporation of Pawling ($881k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $2.3m against liabilities of $670k, net assets of $1.7m.

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.