Apv Redevelopment Corporation

Analysis

Apv Redevelopment Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2012, 14 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, Apv Redevelopment Corporation reported income of $26.7m and spending of $520k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $26.7m (+427%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 330%. Over the whole period it spent 2.2% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Apv Redevelopment Corporation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Palmer House Inc ($26.5m), Chinatown Community Development Center Inc ($26.8m) and CRF Affordable Housing Inc ($26.4m).

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 $126.8m against liabilities of $16.3m, net assets of $110.5m.