Moreland Affordable Housing Corporation

Analysis

Moreland Affordable Housing Corporation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Moreland Affordable Housing Corporation reported income of $272k and spending of $349k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $226k to $272k (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2021, when income rose by 40%. 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, Moreland Affordable Housing Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include No Turning Back LLC ($272k), John H Miller Housing Inc ($272k) and Mei Wah Village Inc ($272k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $553k against liabilities of $1.6m, net assets of -$1.0m.

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.