Ahepa Buffalo Housing Development Inc

Analysis

Ahepa Buffalo Housing Development Inc is a registered charity in United States, based in Cheektowaga, NY. It received its IRS tax-exemption ruling in June 1999, 27 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, Ahepa Buffalo Housing Development Inc reported income of $421k and spending of $565k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $366k to $421k (+15%), an average of +3.6% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa Buffalo Housing Development Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Villa at Meadow View Inc ($421k), Urban League of Rochester Economic Development Corporation ($421k) and Bonham RHF Housing Inc ($421k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $3.2m against liabilities of $465k, net assets of $2.8m.

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.