Massachusetts Affordable Housing Alliance Inc

Analysis

Massachusetts Affordable Housing Alliance Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in May 1993, 33 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 March 2023, Massachusetts Affordable Housing Alliance Inc reported income of $3.6m and spending of $2.0m, leaving 45% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $995k to $3.6m (+263%), an average of +54% a year. The sharpest change came in the year to March 2022, when income rose by 107%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Massachusetts Affordable Housing Alliance Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include True North Housing Alliance Inc ($3.6m), Crossroads Center ($3.6m) and Collaborative Solutions Inc ($3.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $136k (6.9% of expenses). Other salaries and wages came to $822k. At year end it held assets of $7.1m against liabilities of $1.3m, net assets of $5.8m. It reported 17 employees.