Affordable Housing Solutions Inc

Analysis

Affordable Housing Solutions Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in May 1991, 35 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 Solutions Inc reported income of $1.2m and spending of $1.6m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.2m (-58%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Solutions Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Living Waters International Inc ($1.2m), Fort Mill Housing Services Inc ($1.2m) and NCSC USA Housing Development Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $308k (20% of expenses). At year end it held assets of $9.2m against liabilities of $5.1m, net assets of $4.0m. It reported 2 employees.