Belder Affordable Housing Corp

Analysis

Belder Affordable Housing Corp is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in November 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, Belder Affordable Housing Corp reported income of $488k and spending of $539k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $488k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belder Affordable Housing Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Philanthropia Foundation ($488k), Ridgeview Village II Inc ($488k) and Community Resident Services Inc ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Other salaries and wages came to $40k. At year end it held assets of $3.2m against liabilities of $1.9m, net assets of $1.4m.

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.