Community Alliance Housing Corporation VII

Analysis

Community Alliance Housing Corporation VII is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 2004, 22 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 June 2023, Community Alliance Housing Corporation VII reported income of $83k and spending of $88k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $62k to $83k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Alliance Housing Corporation VII sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NE. Charities of a similar size with the same main cause include Stoner Avenue Bridge House Inc ($83k), Greenstone Assisted Living ($83k) and North Haven Opportunity for Affordable Housing Inc ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $13k. At year end it held assets of $502k against liabilities of $13k, net assets of $489k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.