National Affordable Housing Foundation Schenectady Inc

Analysis

National Affordable Housing Foundation Schenectady Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in July 1992, 34 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, National Affordable Housing Foundation Schenectady Inc reported income of $5.0m and spending of $3.9m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $5.0m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Affordable Housing Foundation Schenectady Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Haley House Inc ($5.0m), Eden Vacaville Housing Inc ($5.0m) and RHF Bunker Hill Corp ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 78% of the total. At year end it held assets of $11.3m against liabilities of $19.4m, net assets of -$8.1m.