Haven for Affordable Housing Inc

Analysis

Haven for Affordable Housing Inc is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Haven for Affordable Housing Inc reported income of $715k and spending of $720k, spending 101% of its income. Across the 4 years on record, from March 2019 to March 2023, income grew from $687k to $715k (+4.1%), an average of +1.3% a year. The sharpest change came in the year to March 2022, when income rose by 50%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Haven for Affordable Housing Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Nourish Nantucket Inc ($715k), Kids Making It Inc ($716k) and Jane Addams Development Corporation ($714k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $549k (76% of expenses). At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m. It reported 4 employees.