Adti Housing Corp

Analysis

Adti Housing Corp is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in February 1994, 32 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 June 2023, Adti Housing Corp reported income of $1.3m and spending of $1.4m, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.3m (-25%), an average of -9.0% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adti Housing Corp sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Proyecto Azteca ($1.3m), Midland Fair Havens Inc ($1.4m) and Penquis Development Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $9.2m against liabilities of $4.7m, net assets of $4.6m.