Affordable Housing Alliance Inc

Analysis

Affordable Housing Alliance Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, Affordable Housing Alliance Inc reported income of $12.6m and spending of $13.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.8m to $12.6m (-1.8%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Alliance Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Provident Commonwealth Education Resources ($12.6m), Our Lady of Peace Inc ($12.6m) and Peace Village ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 20% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $19.0m against liabilities of $14.3m, net assets of $4.7m. It reported 86 employees.