Nevada Affordable Housing Assistance Corporation

Analysis

Nevada Affordable Housing Assistance Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2015, 11 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, Nevada Affordable Housing Assistance Corporation reported income of $28.1m and spending of $26.9m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.2m to $28.1m (+287%), an average of +57% a year. The sharpest change came in the year to June 2023, when income rose by 323%. 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, Nevada Affordable Housing Assistance Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NV. Charities of a similar size with the same main cause include First Community Village ($28.0m), Turning Point Inc ($28.2m) and Future Wisconsin Housing Fund Inc ($28.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $150k (0.6% of expenses). Other salaries and wages came to $821k. At year end it held assets of $11.3m against liabilities of $7.3m, net assets of $4.1m. It reported 15 employees.