Navigate Affordable Housing Partners Inc

Analysis

Navigate Affordable Housing Partners Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 1990, 36 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, Navigate Affordable Housing Partners Inc reported income of $834.3m and spending of $824.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $605.4m to $834.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Navigate Affordable Housing Partners Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Foundation for Affordable Rental Housing Holdings Inc ($569.6m), Front Porch Communities and Services ($381.3m) and Metropolitan Boston Housing Partnership Inc ($359.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $785k (0.1% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $81.8m against liabilities of $3.1m, net assets of $78.6m. It reported 65 employees.