Nevada County Housing Development Corporation

Analysis

Nevada County Housing Development Corporation is a registered charity in United States, based in Auburn, CA. It received its IRS tax-exemption ruling in July 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 (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 2023, Nevada County Housing Development Corporation reported income of $2.2m and spending of $1.5m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $696k to $2.2m (+223%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 133%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nevada County Housing Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Mission Norman Inc ($2.2m), Stella Maris House Inc ($2.2m) and Homewardbound of the Grand Valley ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $444k. At year end it held assets of $3.9m against liabilities of $1.4m, net assets of $2.4m.