Foundation for Affordable Housing V Inc

Analysis

Foundation for Affordable Housing V Inc is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in January 2002, 24 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, Foundation for Affordable Housing V Inc reported income of $2.7m and spending of $3.9m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foundation for Affordable Housing V Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Jah-Jireh Homes of America ($2.7m), Woodland Ridge Senior Living Inc ($2.7m) and St Elizabeth Manor Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 108% of the total. Compensation of current officers, directors and key employees was $416k (11% of expenses). At year end it held assets of $7.7m against liabilities of $2.2m, net assets of $5.5m. It reported 1 employees.