MMM Louisiana Affordable Housing Inc

Analysis

MMM Louisiana Affordable Housing Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, MMM Louisiana Affordable Housing Inc reported income of $1.2m and spending of $533k, leaving 57% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $1.2m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to September 2022, when income rose by 61%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MMM Louisiana Affordable Housing Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Area IV Development Inc ($1.2m), Evangeline Council Housing for the Elderly Inc ($1.2m) and Markham Gardens Manor Housing Development Fund Company Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 21% of the total. Other salaries and wages came to $43k. At year end it held assets of $13.9m against liabilities of $400k, net assets of $13.5m. It reported 2 employees.