Maac Housing Corporation

Analysis

Maac Housing Corporation is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in November 2004, 22 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maac Housing Corporation reported income of $5.5m and spending of $4.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $5.5m (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maac Housing Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Chico Housing Action Team ($5.5m), Pennsylvania Community Real Estate Corporation ($5.5m) and Sound Communities Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. Other salaries and wages came to $370k. At year end it held assets of $61.3m against liabilities of $10.4m, net assets of $50.9m.