Affordable Housing Connections

Analysis

Affordable Housing Connections is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1991, 35 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 Connections reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.2m (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Connections sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Partners in Housing Development Corporation ($2.2m), LGBTQ Senior Housing Inc ($2.2m) and Habitat for Humanity International Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $205k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 12 employees.