Tustin Affordable Housing Corporation

Analysis

Tustin Affordable Housing Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in September 1999, 27 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 December 2023, Tustin Affordable Housing Corporation reported income of $1.9m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+26%), an average of +5.9% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tustin Affordable Housing Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity of Oshkosh Inc ($1.9m), First Homes Properties ($1.9m) and Plainsboro Non Profit Housing Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $5.4m against liabilities of $6.4m, net assets of -$1.1m.