Affordable Housing Solutions Inc

Analysis

Affordable Housing Solutions Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 1995, 31 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 September 2023, Affordable Housing Solutions Inc reported income of $359k and spending of $619k, spending 172% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $754k to $359k (-52%), an average of -17% a year. The sharpest change came in the year to September 2023, when income dropped by 30%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Solutions Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within SD. Charities of a similar size with the same main cause include Pleasant Street Housing Inc ($359k), Nonprofit Mortgage ($359k) and United Church Residences of Olean New York Inc ($359k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 114% of the total. Other salaries and wages came to $102k. At year end it held assets of $6.2m against liabilities of $6.0m, net assets of $203k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.