Brazos Valley Affordable Housing Corporation

Analysis

Brazos Valley Affordable Housing Corporation is a registered charity in United States, based in Bryan, TX. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Brazos Valley Affordable Housing Corporation reported income of $989k and spending of $333k, leaving 66% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.1m to $989k (-52%), an average of -17% a year. The sharpest change came in the year to September 2023, when income rose by 69%. Over the whole period it spent 33% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brazos Valley Affordable Housing Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Dress for Success Indianapolis Inc ($989k), Ashworth Community Development Corporation ($989k) and Southwest Ohio Region Workforce Investment Board ($987k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.0% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $27k (8.2% of expenses). Other salaries and wages came to $118k. At year end it held assets of $18.6m against liabilities of $6.2m, net assets of $12.4m.