Del Norte Neighborhood Development Corporation

Analysis

Del Norte Neighborhood Development Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Del Norte Neighborhood Development Corporation reported income of $4.3m and spending of $4.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.1m to $4.3m (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Del Norte Neighborhood Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Community Asset Foundation ($4.3m), Womens Advocates Inc ($4.3m) and Lincoln Village Preservation Corporation ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $149k (3.6% of expenses). Other salaries and wages came to $611k. At year end it held assets of $30.5m against liabilities of $10.8m, net assets of $19.7m. It reported 10 employees.