Stamford Affordable Homes Inc

Analysis

Stamford Affordable Homes Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in January 2017, 9 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 June 2023, Stamford Affordable Homes Inc reported income of $163k and spending of $231k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $177k to $163k (-7.9%), an average of -2.0% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stamford Affordable Homes Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CT. Charities of a similar size with the same main cause include Hope House III Inc ($163k), Salina Elderly Housing Inc ($163k) and Roxbury Development Corporation ($163k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.5m against liabilities of $499k, net assets of $3.0m.