Affordable Housing Management Inc

Analysis

Affordable Housing Management Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 1970, 56 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 2024, Affordable Housing Management Inc reported income of $2.8m and spending of $2.0m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.8m (+54%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Management Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include First Montclair Housing Corporation I Inc ($2.8m), Housing for Independent Living Incorporated ($2.8m) and Urban Communities Preservation Housing Corp ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 46% of the total. Other salaries and wages came to $803k. At year end it held assets of $12.5m against liabilities of $5.8m, net assets of $6.7m. It reported 27 employees.