Affordable Housing CDC Inc

Analysis

Affordable Housing CDC Inc is a registered charity in United States, based in Ladera Ranch, CA. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2024, Affordable Housing CDC Inc reported income of $2.6m and spending of $1.4m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $672k to $2.6m (+286%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 296%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing CDC Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Coalition for Nonprofit Housing and Economic Development ($2.6m), Scottsboro Housing & Social Services Inc ($2.6m) and Mohawk Valley Community College Dormitory Corp ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $330k (23% of expenses). Other salaries and wages came to $35k. At year end it held assets of $11.7m against liabilities of $12k, net assets of $11.7m. It reported 2 employees.