Mission
The Affordability Project is a 501(c)(3) nonprofit housing developer focused on addressing the middle income housing crisis in the San Francisco Bay Area. By collaborating with various stakeholders and communities, the organization aims to provide affordable housing solutions without relying on public funding. They leverage private investments and develop mixed-income housing projects targeted at middle-income earners who have been overlooked in the housing market.
Basic Information
Founded in
2020
EIN
85-0941543
Total Assets
$6.216 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Join Us in the Fight for Affordable Housing
The Affordability Project invites individuals and organizations to partner with us in our mission to fill the gap in affordable housing.
Upcoming Project: 5250 3rd Street
Our inaugural housing development will feature 100 units, of which 70% will be affordable for middle-income families.
Corporate Partnerships
We seek corporate partners to help build new 100% middle-income affordable buildings and subsidize existing middle-income leases.
Impact Stats
Amount raised
Initial investment goal
Confirmed initial investments in the organization with a goal of cash and pledges of $2.5M - $3M.
Number of meetings
Community Outreach
Completed four virtual community meetings and three in-person meetings as part of outreach efforts.
Community support
5250 3rd Street project status
Unanimous endorsement from the Hunters Point Community Advisory Committee for the project.
Upcoming Events
Community Engagement Meetings
2022-06-01
Engagement meetings to discuss housing needs and solicit community input.
Learn MorePlanning Commission Hearing
2022-06-02
Hearing for the 5250 3rd Street project to secure approvals.
Construction Start
2025-02-01
Scheduled date for the construction to begin on the 5250 3rd Street project.
Our Programs
5250 3rd Street Project
A mixed-income housing project aiming for 70% affordable units for work-force residents.
Learn MoreMIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
49
38
/100
Program Expense Ratio
41.87%
4
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.3385
10
/20
Working Capital Ratio
19.98
20
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 4.297M | 100.00% |
| Program Services | 0 | 0.00% |
| Investment Income | 0 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 4.297M | 100.00% |