Montello Affordable Housing Corporation

Analysis

Montello Affordable Housing Corporation is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montello Affordable Housing Corporation reported income of $65k and spending of $35k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $65k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montello Affordable Housing Corporation sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Neighborworks Collaborative of Ohio Inc ($65k), Maronde Life Management Housing Inc ($65k) and East View Villa Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $302k against liabilities of $88k, net assets of $214k.