Affordable Housing Visions for Texas Inc

Analysis

Affordable Housing Visions for Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2017, 9 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 2022, Affordable Housing Visions for Texas Inc reported income of $2.4m and spending of $1.2m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $315k to $2.4m (+651%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 391%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Visions for Texas Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Greenpointe Regional Housing Inc ($2.4m), Holston Home for Children Foundation Inc ($2.4m) and San Luis Obispo County Housing Trust Fund ($2.4m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 54% of the total. Compensation of current officers, directors and key employees was $458k (39% of expenses). Other salaries and wages came to $11k. At year end it held assets of $977k against liabilities of $459k, net assets of $518k. It reported 4 employees.