Affordable Housing Foundation of Greater Delaware

Analysis

Affordable Housing Foundation of Greater Delaware is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 1968, 58 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 2022, Affordable Housing Foundation of Greater Delaware reported income of $4.4m and spending of $4.8m, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.2m to $4.4m (+5.7%), an average of +1.9% a year. 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 Foundation of Greater Delaware sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within DE. Charities of a similar size with the same main cause include Emma Norton Services ($4.4m), Wilmington Area Rebuilding Ministry Inc ($4.4m) and Senior Citizens Housing Development Corporation of Chicago ($4.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $253k (5.3% of expenses). Other salaries and wages came to $683k. At year end it held assets of $15.4m against liabilities of $10.1m, net assets of $5.3m. It reported 17 employees.