Miami-Dade Affordable Housing Foundation Inc

Analysis

Miami-Dade Affordable Housing Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1999, 27 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 March 2024, Miami-Dade Affordable Housing Foundation Inc reported income of $615k and spending of $502k, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $314k to $615k (+96%), an average of +18% a year. The sharpest change came in the year to March 2021, when income rose by 30%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miami-Dade Affordable Housing Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Trinity Apartments of Lakeland Inc ($615k), Housing Education and Economic Development Inc ($616k) and Good Samaritan Mission ($615k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 45% and program service revenue 3.9% of the total. Other salaries and wages came to $290k. At year end it held assets of $4.3m against liabilities of $451k, net assets of $3.8m. It reported 2 employees.