Affordable Senior Housing Foundation

Analysis

Affordable Senior Housing Foundation is a registered charity in United States, based in Escondido, CA. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Affordable Senior Housing Foundation reported income of $5.7m and spending of $5.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Senior Housing Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include American Opportunity Foundation ($5.7m), The Jewish Home and Senior Living Foundation ($5.7m) and Pressley Ridge-Maryland ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $212k (3.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $19.8m against liabilities of $19.4m, net assets of $343k. It reported 71 employees.