Nonprofit screen
Screen a listAvesta Housing Development Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$13Mrevenue
FY2024 · +3% in 3 yrs57staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−9.9%
Months of reserve5.3mo
Revenue growth (annualized)+5.5%
Middle half of peersMedianAvesta Housing Development
Where the money goes FY2024 · $15M spent
Programs$15M100%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$134k in FY2023 and −$1.3M in FY2024. Cash covers 5.3 months, above the peer median of 2.8.
990 Part I and balance sheetIn its favor3
Strong governance
17 of 17 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIFunders stay
9 of the 15 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant listsA history of government grants
Government grants on 8 of its 8 returns, 35% of revenue in FY2024. $1.8M is traced federal awards from Department of Housing and Urban Development.
990 Part VIII · USAspending41funders
$1.1Ma year, last 3 years
45%from its largest funder
Funder’17’18’19’20’21’22’23Neighborhood Reinvestment CorporationEvery year since FY2017$440k$485k$437k$494k$460k$493k$515kTd Charitable FoundationSince FY2020$156k$25k$270k$196kUnited Way IncSince FY2019$70k$75k$126k$78k$62kJohn T Gorman FoundationSince FY2020$2k$145k$203k$51kFive Together FoundationSince FY2021$75k$75k$75kKennebunk Savings Bank FoundationStopped after FY2022$25k$25k$125k–Donor-advised giftsDonors not disclosed$9k$41k$20k$13k$11k22 other fundersUp to $75k a year each$3k$80k$115k$169k$39k$78k$124k
FundedThrough a donor-advised fundStopped