Nouvelle Housing Solutions Inc

Analysis

Nouvelle Housing Solutions Inc is a registered charity in United States, based in Glen Rock, NJ. It received its IRS tax-exemption ruling in January 2020, 6 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, Nouvelle Housing Solutions Inc reported income of $789k and spending of $200k, leaving 75% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $66k to $789k (+1098%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 630%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nouvelle Housing Solutions Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Resurrection House Inc ($789k), James Island Outreach ($790k) and Hancock Hope House Inc ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $2.9m against liabilities of $2.4m, net assets of $488k.