Neighborhood Nonprofit Housing Corporation

Analysis

Neighborhood Nonprofit Housing Corporation is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2024, Neighborhood Nonprofit Housing Corporation reported income of $8.8m and spending of $6.5m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.5m to $8.8m (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 144%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Nonprofit Housing Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include The Primavera Foundation Inc ($8.8m), Depaul Properties Inc ($8.8m) and Cook Inlet Housing Development Corp ($8.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $248k (3.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $31.5m against liabilities of $4.8m, net assets of $26.7m. It reported 29 employees.