Ville Platte Affordable Housing Corporation

Analysis

Ville Platte Affordable Housing Corporation is a registered charity in United States, based in Ville Platte, LA. It received its IRS tax-exemption ruling in March 2003, 23 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, Ville Platte Affordable Housing Corporation reported income of $112k and spending of $116k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $112k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ville Platte Affordable Housing Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include CLS of Saline County Inc ($112k), Friendship Community Living Inc ($112k) and Our Lady of the Angels Maternity Home Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $30k. At year end it held assets of $640k against liabilities of $26k, net assets of $614k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.