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    Affordability Project Inc. Logo

    MIP Score

    49

    Housing
    Affordable Housing

    Affordability Project Inc.

    Affordability Project Inc. Logo

    Affordability Project Inc.

    Housing
    Affordable Housing
    3364 Sacramento St, San Francisco, California, 94118View all San Francisco charities
    EIN: 85-0941543
    Total Assets: $6.216 million
    Established in 2020

    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.

    Read more on their website →

    Basic Information

    Tax-Exempt

    Address

    3364 Sacramento St, San Francisco, California, 94118

    View all San Francisco charities

    Founded in

    2020

    EIN

    85-0941543

    Total Assets

    $6.216 million

    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

    Tax-Exempt

    Address

    3364 Sacramento St, San Francisco, California, 94118

    View all San Francisco charities

    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.

    Showing 3 of 3 goals

    Goal 1

    No Poverty

    Goal 10

    Reduced Inequalities

    Goal 11

    Sustainable Cities and Communities

    Goal 1

    No Poverty

    Goal 10

    Reduced Inequalities

    Goal 11

    Sustainable Cities and Communities

    At a Glance

    Join Us in the Fight for Affordable Housing

    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

    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

    Corporate Partnerships

    We seek corporate partners to help build new 100% middle-income affordable buildings and subsidize existing middle-income leases.

    Impact Stats

    $24M out in asks, waiting for lead gift.

    Amount raised

    Initial investment goal

    Confirmed initial investments in the organization with a goal of cash and pledges of $2.5M - $3M.

    7

    Number of meetings

    Community Outreach

    Completed four virtual community meetings and three in-person meetings as part of outreach efforts.

    100%

    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 More

    Planning 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

    5250 3rd Street Project

    A mixed-income housing project aiming for 70% affordable units for work-force residents.

    Learn More

    MIP 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

    CategoryAmountPercentage
    Contributions, Gifts, and Grants4.297M100.00%
    Program Services00.00%
    Investment Income00.00%
    Sales of Non-Inventory Assets00.00%
    Other Notable Sources00.00%
    Total Revenue4.297M100.00%

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