Metro Affordable Housing Corp

Analysis

Metro Affordable Housing Corp is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in August 1994, 32 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, Metro Affordable Housing Corp reported income of $174k and spending of $6,845, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21k to $174k (+741%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 329%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro Affordable Housing Corp sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Number One Single Room Occupancy Housing Development Fund Corporati ($174k), Creative Housing Inc ($174k) and Opportunity Apartments Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.