Tenderloin Neighborhood Development Corporation

Analysis

Tenderloin Neighborhood Development Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 1982, 44 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, Tenderloin Neighborhood Development Corporation reported income of $29.6m and spending of $28.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.1m to $29.6m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tenderloin Neighborhood Development Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Community Housing Works ($29.6m), Barton Creek Senior Living Center Inc ($29.6m) and Mercy Ridge Inc ($29.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $1.1m (3.7% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $114.3m against liabilities of $39.8m, net assets of $74.5m. It reported 556 employees.