Affordable Housing Development Corp

Analysis

Affordable Housing Development Corp is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in April 1997, 29 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, Affordable Housing Development Corp reported income of $650k and spending of $565k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $681k to $650k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Development Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Recovery Trail Inc ($649k), Telacu Housing-San Bernardino Inc ($650k) and Housing Opportunities of Northern Kentucky Inc ($649k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $2.5m against liabilities of $1.3m, net assets of $1.2m.