Multifamily Affordable Properties

Analysis

Multifamily Affordable Properties is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in July 1999, 27 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, Multifamily Affordable Properties reported income of $69k and spending of $62k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $69k (+8.6%), an average of +8.6% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Multifamily Affordable Properties sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within WA. Charities of a similar size with the same main cause include C L C Supported Living Inc ($69k), Coleman Apartments ($69k) and Davy Crockett Housing Development Corporation ($69k).

At year end it held assets of $171k against liabilities of $1,537, net assets of $169k.