Overview
What is Affordable Housing Opportunities Inc?
Affordable Housing Opportunities Inc, based in Washington D.C., is a dedicated nonprofit organization. Their primary mission is to develop, own, and manage low-income housing for the most vulnerable residents in the Washington, DC metropolitan area. In 2022, they successfully provided safe, affordable housing to 223 families, consisting of 375 children and 727 single adults. Their supportive services aim to help residents build their strengths and achieve greater independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Affordable Housing Opportunities Inc has achieved a Four-Star rating from Charity Navigator, signifying a high level of accountability and financial health. The rating is based solely on its exceptional Accountability & Finance score of 94%, which reflects the organization's commitment to transparent operations and responsible management of funds.
The organization demonstrates strong governance, with a board composed of 60% independent members and a robust set of policies in place, including conflict of interest and whistleblower protections. Additionally, it maintains a low liabilities to assets ratio of 42.03%, indicating sound financial stability, and a remarkable program expense ratio of 100%, showcasing its dedication to directing all resources toward its mission.
While the data reflects strong organizational practices and financial management, potential supporters may wish to understand more about the specific programs and services offered by Affordable Housing Opportunities Inc. Nonetheless, its high ratings indicate that it is a trustworthy organization focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Opportunities Inc legitimate?
Affordable Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Opportunities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Affordable Housing Opportunities Inc?
Affordable Housing Opportunities Inc is dedicated to addressing the housing needs of the poorest communities in the Washington D.C. metropolitan area. Their mission is to develop, own, and manage low-income housing, providing a safe and affordable living solution for families and single adults. In 2022, they successfully housed 223 families with 375 children and 727 single adults, going beyond just providing shelter by offering supportive services to help residents build on their strengths and improve their independence. These essential services assist residents in overcoming various challenges and contributing positively to their communities.
Who is the CEO of Affordable Housing Opportunities Inc?
Ralph Boyd is the Treasurer of Affordable Housing Opportunities Inc.
What is the revenue of Affordable Housing Opportunities Inc?
Affordable Housing Opportunities Inc's revenue in 2022 was $26,244,241.
Who are the executives of Affordable Housing Opportunities Inc and what are their salaries?
There 3 volunteers at Affordable Housing Opportunities Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $321,520
- Other: $38,381
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $249,932
- Other: $43,081
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Affordable Housing Opportunities Inc?
Affordable Housing Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Affordable Housing Opportunities Inc
Affordable Housing Opportunities Inc, a dedicated nonprofit organization, is committed to developing, owning, and managing low-income housing for the most vulnerable residents in the Washington, DC metropolitan area. The mission of this esteemed institution is to provide affordable housing solutions, ensuring a safe and secure living environment for families and single adults who are economically disadvantaged.
In 2022, Affordable Housing Opportunities Inc made a significant impact by offering housing to 223 families, including 375 children, as well as 727 single adults. By doing so, the organization not only fulfilled their responsibility to provide shelter but also extended supportive services to help the residents build on their strengths and strive for greater independence. These services were instrumental in fostering self-sufficiency and empowering individuals to improve their lives.
The tireless efforts of Affordable Housing Opportunities Inc have resulted in a tangible difference in the lives of countless individuals. By offering affordable housing and essential support services, they have created an environment where people can focus on their personal growth and wellbeing instead of worrying about their next meal or a place to call home. With a strong commitment to serving the most vulnerable members of the community, Affordable Housing Opportunities Inc continues to be a beacon of hope and a vital resource for those in need.
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Impact
October, 2024
Affordable Housing Opportunities Inc. significantly impacts the Washington, DC metropolitan area by developing, owning, and managing low-income housing specifically aimed at the very poorest residents. In 2022 alone, the organization provided safe and affordable housing for 223 families, benefiting 375 children, as well as 727 single adults. Beyond merely offering shelter, their housing initiatives include supportive services that empower residents to build on their strengths and achieve greater independence. This holistic approach fosters community stability and enhances the quality of life for those served, directly addressing the pressing issue of housing insecurity in the region.
This information is meant to be a general summary of Affordable Housing Opportunities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $185
- Program Service Revenue: $5,945,152
- Gross Receipts: $26,244,241
Assets and Liabilities:
- Total Assets: $41,201,421
- Total Liabilities: $17,319,925
- Net Assets: $23,881,496
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING SERVICES
Revenue
$3,011,513
RENTAL INCOME
Revenue
$2,933,639
Organization Details
Founding Year
2004
Phone
(202) 797-8806Principal Officer
Ralph Boyd
Main Address
71 O STREET NW, WASHINGTON, DC, 20001
NTEE Category
Code: L21 - Housing
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