Monadnock Affordable Housing Corporation

Analysis

Monadnock Affordable Housing Corporation is a registered charity in United States, based in Keene, NH. It received its IRS tax-exemption ruling in March 2000, 26 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, Monadnock Affordable Housing Corporation reported income of $7.5m and spending of $5.6m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $7.5m (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monadnock Affordable Housing Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NH. Charities of a similar size with the same main cause include Oakwood Village Prairie Ridge Apartments Inc ($7.5m), Friends of Kansas Christian Home Inc ($7.5m) and Merritt Community Capital Corp ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Other salaries and wages came to $694k. At year end it held assets of $34.8m against liabilities of $18.9m, net assets of $15.9m.