Ann Arbor Affordable Housing Corporation

Analysis

Ann Arbor Affordable Housing Corporation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in April 2020, 6 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, Ann Arbor Affordable Housing Corporation reported income of $1.7m and spending of $1.3m, leaving 23% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.5m to $1.7m (+16%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ann Arbor Affordable Housing Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include South Mississippi Housing Anddevelopment Corporation ($1.7m), Housing Lopez ($1.7m) and Presidio Village Senior Housing Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $6.4m against liabilities of $4.9m, net assets of $1.6m.