NDHC Affordable Communities Inc

Analysis

NDHC Affordable Communities Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2023, 3 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, NDHC Affordable Communities Inc reported income of $7.3m and spending of $3, leaving 100% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $10.2m to $7.3m (-28%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 139%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NDHC Affordable Communities Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($7.3m), Central New Mexico Housing Corporation ($7.3m) and Homes for Families ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12.2m against liabilities of $4.8m, net assets of $7.4m.