D&b Affordable Housing Inc

Analysis

D&b Affordable Housing Inc is a registered charity in United States, based in Granite Bay, CA. It received its IRS tax-exemption ruling in February 2023, 3 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, D&b Affordable Housing Inc reported income of $80k and spending of $100k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $676k to $80k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, D&b Affordable Housing Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Foster Arizona Housing Project ($80k), Castleton Homes Inc ($80k) and Corning Senior Apartments ($80k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $15k (15% of expenses). At year end it held assets of $664k against liabilities of $7,576, net assets of $656k.