Affordable Housing Alliance II Inc

Analysis

Affordable Housing Alliance II Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 2009, 17 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, Affordable Housing Alliance II Inc reported income of $7.0m and spending of $2.4m, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $7.0m (+1445%), an average of +98% a year. The sharpest change came in the year to December 2021, when income rose by 368%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Alliance II Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Latino Economic Development Center ($7.0m), Open House Ministries Inc ($7.0m) and Citizens Inn Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $820k (35% of expenses). Other salaries and wages came to $279k. At year end it held assets of $15.7m against liabilities of $12.0m, net assets of $3.7m. It reported 7 employees.