Affordable Housing Alliance Midland County Non-Profit Housing Corp

Analysis

Affordable Housing Alliance Midland County Non-Profit Housing Corp is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in February 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Affordable Housing Alliance Midland County Non-Profit Housing Corp reported income of $543k and spending of $394k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $543k (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 60%. 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, Affordable Housing Alliance Midland County Non-Profit Housing Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Allegria Court Inc ($543k), Plano Community Home Phase IV Inc ($544k) and Garfield County Senior Housing Corp ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $134k. At year end it held assets of $4.5m against liabilities of $941k, net assets of $3.6m. It reported 10 employees.