National Foundation for Affordable Housing Solutions Inc

Analysis

National Foundation for Affordable Housing Solutions Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 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 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, National Foundation for Affordable Housing Solutions Inc reported income of $39.8m and spending of $11.6m, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.6m to $39.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 32% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Foundation for Affordable Housing Solutions Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Active Retirement Community Inc ($39.8m), The Works Inc ($40.2m) and Affordable Housing Partners Inc ($39.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $272.2m against liabilities of $3.0m, net assets of $269.1m. It reported 14 employees.