Affordable Housing Solutions for Florida Inc

Analysis

Affordable Housing Solutions for Florida Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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, Affordable Housing Solutions for Florida Inc reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $1.1m (+111%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 409%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Affordable Housing Solutions for Florida Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Loaves and Fishes Soup Kitchen Inc ($1.1m), Grace & Holy Trinity Church Endowment Fund ($1.1m) and Council on the Arts & Humanities for Staten Island ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $432k (37% of expenses). At year end it held assets of $13.9m against liabilities of $14.3m, net assets of -$390k. It reported 3 employees.