Affordable Housing and Services Collaborative Inc

Analysis

Affordable Housing and Services Collaborative Inc is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in November 2001, 25 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, Affordable Housing and Services Collaborative Inc reported income of $24.2m and spending of $19.4m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.2m to $24.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing and Services Collaborative Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include City Union Mission Inc ($24.2m), Centre Care Inc ($24.3m) and Allied Services Personal Care Inc ($24.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $371k (1.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $178.2m against liabilities of $115.1m, net assets of $63.1m. It reported 4 employees.