Alameda Affordable Housing Corporation

Analysis

Alameda Affordable Housing Corporation is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alameda Affordable Housing Corporation reported income of $15.1m and spending of $11.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $15.1m (+786%), an average of +72% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alameda Affordable Housing Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Lake Prince Center Inc ($15.1m), George Gervin Youth Center Inc ($15.1m) and Community Housing Resources ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $32.5m against liabilities of $65.1m, net assets of -$32.6m.