Affordable Housing Opportunities Matter Inc

Analysis

Affordable Housing Opportunities Matter Inc is a registered charity in United States, based in Boonton, NJ. 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 December 2023, Affordable Housing Opportunities Matter Inc reported income of $1.6m and spending of $1.3m, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.1m to $1.6m (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Opportunities Matter Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Littleton Section 8 Housing Corporation ($1.6m), Bethesda House Corp ($1.6m) and Merit Housing Incorporated ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $281k. At year end it held assets of $2.5m against liabilities of $1.8m, net assets of $741k.