Satellite Affordable Housing Associates Property Management

Analysis

Satellite Affordable Housing Associates Property Management is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 June 2023, Satellite Affordable Housing Associates Property Management reported income of $5.9m and spending of $5.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $5.9m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Satellite Affordable Housing Associates Property Management sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Miami Beach Jewish Community Center Inc ($5.9m), Northeast Florida Community Action Agency Inc ($5.9m) and Community Support Services for the Deaf Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $29k (0.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $3.2m against liabilities of $233k, net assets of $2.9m. It reported 162 employees.