Affordable Housing Opportunities Inc

Analysis

Affordable Housing Opportunities Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2021, 5 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 2022, Affordable Housing Opportunities Inc reported income of $414k and spending of $262k, leaving 37% of income unspent that year. Across the 6 years on record, from December 2017 to December 2022, income grew from $289k to $414k (+44%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Opportunities Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Washington Heights Development Fund Corporation ($414k), Firehouse 23 Qalicb ($414k) and Tarrant County B Nai B Rith Housing ($414k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 13% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.1m against liabilities of $197k, net assets of $919k.