NDC Housing and Economic Development Corporation

Analysis

NDC Housing and Economic Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1988, 38 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, NDC Housing and Economic Development Corporation reported income of $101.5m and spending of $110.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $89.8m to $101.5m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 116%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NDC Housing and Economic Development Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Phipps Houses ($101.2m), Cedar Crest Village LLC ($106.7m) and Atlantic Housing Foundation Inc ($101.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. At year end it held assets of $910.4m against liabilities of $803.9m, net assets of $106.5m.