Rivera Gardens Affordable Housing Corporation

Analysis

Rivera Gardens Affordable Housing Corporation is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in September 1996, 30 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, Rivera Gardens Affordable Housing Corporation reported income of $129k and spending of $66k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $129k (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 259%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rivera Gardens Affordable Housing Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Northeast Georgia Housing Corporation ($129k), Jacobs Ladder Community Development Corporation ($129k) and Lutheran Nonprofit Housing Corporation-Lansing ($129k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.6m against liabilities of $23k, net assets of $1.6m.