Affordable Housing Resources Inc

Analysis

Affordable Housing Resources Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1989, 37 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, Affordable Housing Resources Inc reported income of $5.2m and spending of $2.5m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $5.2m (+114%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Resources Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Housing Connector ($5.2m), Shepherds Gate ($5.2m) and Habitat for Humanity International Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $330k (13% of expenses). Other salaries and wages came to $367k. At year end it held assets of $27.3m against liabilities of $15.9m, net assets of $11.4m. It reported 10 employees.