Neighborhood Housing Renewal Corporation II

Analysis

Neighborhood Housing Renewal Corporation II is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1990, 36 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, Neighborhood Housing Renewal Corporation II reported income of $259k and spending of $371k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $259k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Renewal Corporation II sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Good Smaritan Outreach ($259k), Naatsiilid Initiative ($259k) and National Association of Housing & Redevelopment ($259k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $19k. At year end it held assets of $734k against liabilities of $3.3m, net assets of -$2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.