Northeast Denver Housing Center Inc

Analysis

Northeast Denver Housing Center Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1983, 43 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, Northeast Denver Housing Center Inc reported income of $23.4m and spending of $12.1m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.1m to $23.4m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northeast Denver Housing Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Redstone Village ($23.4m), Tlingit-Haida Regional Housing Authority ($23.6m) and Bonita Springs Retirement Village Inc ($23.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $141k (1.2% of expenses). Other salaries and wages came to $778k. At year end it held assets of $71.3m against liabilities of $34.2m, net assets of $37.1m. It reported 18 employees.