Nela Housing and Supportive Services Corporation

Analysis

Nela Housing and Supportive Services Corporation is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in December 2003, 23 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 2022, Nela Housing and Supportive Services Corporation reported income of $667k and spending of $665k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $323k to $667k (+107%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nela Housing and Supportive Services Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within LA. Charities of a similar size with the same main cause include Regency Retirement Residence of Clinton ($667k), Disciples Housing of Tacoma Washington ($668k) and Pine Oaks III Inc ($667k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (6.9% of expenses). At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 1 employees.