Chataignier Affordable Housing Inc

Analysis

Chataignier Affordable Housing Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in March 2008, 18 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, Chataignier Affordable Housing Inc reported income of $95k and spending of $166k, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $102k to $95k (-6.4%), an average of -1.6% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chataignier Affordable Housing Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within LA. Charities of a similar size with the same main cause include Bethany Lutheran Foundation Inc ($95k), Belmont Place Senior Houing Inc ($95k) and Southwest Florida Gwi Housing XI Inc ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.1m against liabilities of $31k, net assets of $1.0m. It reported 1 employees.

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.