Northwest Housing Alternatives Inc

Analysis

Northwest Housing Alternatives Inc is a registered charity in United States, based in Milwaukie, OR. It received its IRS tax-exemption ruling in December 1985, 41 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, Northwest Housing Alternatives Inc reported income of $18.2m and spending of $18.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.5m to $18.2m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Housing Alternatives Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Lords Place Inc ($18.2m), Northwest Real Estate Capital Corporation ($18.3m) and Nashville Rescue Mission ($18.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $572k (3.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $74.6m against liabilities of $36.4m, net assets of $38.3m. It reported 53 employees.