Schenectady Affordable Housing Corporation

Analysis

Schenectady Affordable Housing Corporation is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in April 2021, 5 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 March 2024, Schenectady Affordable Housing Corporation reported income of $175k and spending of $26k, leaving 85% of income unspent that year. Across the 3 years on record, from March 2022 to March 2024, income fell from $415k to $175k (-58%), an average of -35% a year. The sharpest change came in the year to March 2024, when income dropped by 70%. Over the whole period it spent 3.2% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Schenectady Affordable Housing Corporation sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Bronxview Housing Development Fund Corporation ($175k), Yakubian Homes ($175k) and Next Step Living ($175k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 74% of the total. At year end it held assets of $1.2m against liabilities of $3,028, net assets of $1.2m.