Fox River Affordable Housing Corp

Analysis

Fox River Affordable Housing Corp is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in September 2017, 9 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, Fox River Affordable Housing Corp reported income of $72k and spending of $46k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $317k to $72k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fox River Affordable Housing Corp sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Lydias Gate Inc ($72k), Basic Independence Apartments Inc ($72k) and Bee County Habitat for Humanity ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.