Affordable Residences in Chesterfield II

Analysis

Affordable Residences in Chesterfield II is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Affordable Residences in Chesterfield II reported income of $3.4m and spending of $2.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.4m (+17%), an average of +4.1% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Affordable Residences in Chesterfield II sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include 1332 Fulton Avenue Day Care Center Inc ($3.4m), Hispanic Center of Western Michigan Inc ($3.4m) and Whittier Area First Day Coalition ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $143k. At year end it held assets of $17.7m against liabilities of $7.8m, net assets of $9.8m.