NFP Affordable Housing Corp

Analysis

NFP Affordable Housing Corp is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in April 2018, 8 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NFP Affordable Housing Corp reported income of $532k and spending of $352k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.8m to $532k (-86%), an average of -86% a year. The sharpest change came in the year to December 2023, when income dropped by 86%. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NFP Affordable Housing Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Pond Street Housing Development Fund Company Inc ($532k), Iowa Tahf ($532k) and Mountain Park Terrace Inc ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 17% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.