Denton Affordable Housing Corporation

Analysis

Denton Affordable Housing Corporation is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in August 1993, 33 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 September 2023, Denton Affordable Housing Corporation reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 3 years on record, from September 2021 to September 2023, income fell from $1.3m to $1.1m (-14%), an average of -7.3% a year. The sharpest change came in the year to September 2022, when income dropped by 26%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Denton Affordable Housing Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Harbor Tower ($1.1m), Hale Area Assisted Living Corporation ($1.1m) and Lee County Housing Development Corporation ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 72% of the total. Other salaries and wages came to $259k. At year end it held assets of $4.5m against liabilities of $3.1m, net assets of $1.3m. It reported 4 employees.