Ahepa Affordable Housing Management Company Inc

Analysis

Ahepa Affordable Housing Management Company Inc is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in September 1993, 33 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, Ahepa Affordable Housing Management Company Inc reported income of $16.5m and spending of $8.2m, leaving 50% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.1m to $16.5m (+298%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa Affordable Housing Management Company Inc 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 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Bccu Inc Clearfield ($16.4m), Venice Community Housing Corporation ($16.5m) and Millennium Housing of California ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $480k (5.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $33.3m against liabilities of $8.6m, net assets of $24.7m. It reported 374 employees.