American Foundation for Affordable Housing Inc

Analysis

American Foundation for Affordable Housing Inc is a registered charity in United States, based in Elmsford, NY. It received its IRS tax-exemption ruling in August 1993, 33 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, American Foundation for Affordable Housing Inc reported income of $99k and spending of $657k, spending 666% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $99k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 372% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, American Foundation for Affordable Housing Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Fallen Ash Senior Complex Inc ($99k), Venture Cares Options I Inc ($99k) and Community Services Agency Elderly Housing Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.

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.