35 Hansborough Affordable Housing Inc

Analysis

35 Hansborough Affordable Housing Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in December 2017, 9 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, 35 Hansborough Affordable Housing Inc reported income of $386k and spending of $440k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $50k to $386k (+665%), an average of +66% a year. The sharpest change came in the year to September 2021, when income rose by 175%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 35 Hansborough Affordable Housing Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Two Valleys Community Land Trust ($386k), Sebco Vip Housing Development Fund Company Inc ($386k) and Avondale Senior Village ($386k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 84% of the total. At year end it held assets of $6.2m against liabilities of $5.8m, net assets of $455k.

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.