Neighborhood Housing Community Development Corporation

Analysis

Neighborhood Housing Community Development Corporation is a registered charity in United States, based in Kapaa, HI. It received its IRS tax-exemption ruling in June 2019, 7 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, Neighborhood Housing Community Development Corporation reported income of $1.0m and spending of $1.5m, spending 146% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $195k to $1.0m (+436%), an average of +132% a year. The sharpest change came in the year to December 2022, when income rose by 5091%. Over the whole period it spent 22% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within HI. Charities of a similar size with the same main cause include Broken But Not Destroyed Corporation ($1.0m), Cita Thrifts Inc ($1.0m) and Clark County Homeless Coalition Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $67k (4.4% of expenses). Other salaries and wages came to $690k. At year end it held assets of $10.9m against liabilities of $2.1m, net assets of $8.8m. It reported 11 employees.