Overview
What is Affordable Housing America Inc?
Affordable Housing America Inc, based in Atlanta, Georgia, is a dedicated nonprofit organization with a mission to sponsor, acquire, develop, operate, and oversee the operations of affordable multi-family housing projects, including those that receive federal, state, or local subsidies. This commitment extends to senior housing as well, ensuring the preservation of affordable living options for various communities. With a team of six employees, the organization manages six affordable housing projects, playing a significant role in providing affordable housing solutions in the area.
Official website here: www.ahousing.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 54%, One-Star out of Four Star rating.
Affordable Housing America Inc has received a low rating due to significant concerns in its accountability and financial practices. While it has a good number of independent board members and manages a commendable program expense ratio, the organization's lack of financial statements and missing policies on conflict of interest, whistleblower protections, and document retention raise serious red flags about its governance and transparency.
The organization has demonstrated some strengths, such as a majority of independent board members and a high program expense ratio, indicating a focus on its mission. However, the absence of essential financial documentation and governance policies suggests that it may not be effectively managing its resources or adhering to best practices in nonprofit management. This lack of oversight could impact donor confidence and the organization's ability to sustain its programs.
Overall, while Affordable Housing America Inc shows some positive aspects in its operations, the significant gaps in accountability and finance limit its effectiveness and raise concerns for potential supporters. It is crucial for the organization to address these shortcomings to enhance its credibility and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing America Inc legitimate?
Affordable Housing America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing America 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: $270,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $323,172
For more financial information, click here
Official website here: www.ahousing.org
What is the mission statement of Affordable Housing America Inc?
Affordable Housing America Inc's mission is centered around sponsoring, acquiring, developing, operating, and overseeing operations of affordable and senior multi-family housing. This includes properties that receive federal, state, or local subsidies, as well as the preservation of existing affordable and senior housing. The organization's primary goal is to provide affordable housing solutions for a wide range of individuals, ensuring that they have access to suitable living spaces. Currently, Affordable Housing America Inc manages six such housing projects.
Official website here: www.ahousing.org
What is the revenue of Affordable Housing America Inc?
Affordable Housing America Inc's revenue in 2020 was $4,692,750.
Official website here: www.ahousing.org
Who are the executives of Affordable Housing America Inc and what are their salaries?
The average compensation at Affordable Housing America Inc during 2020 was $99,001. There are 6 employees and 23 volunteers at Affordable Housing America Inc.
Here are 6 key members and their salaries:
- Compensation: $150,000
- Related: $0
- Other: $0
- Compensation: $120,833
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ahousing.org
Where can I find the form 990 for Affordable Housing America Inc?
Affordable Housing America Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.ahousing.org
Learn more at the official website: www.ahousing.org
Mission Statement of Affordable Housing America Inc
Affordable Housing America Inc is committed to sponsoring, acquiring, developing, operating, and overseeing the operations of affordable and senior multi-family housing. This organization's mission extends to housing projects that receive federal, state, or local subsidies, and it also focuses on preserving affordable and senior housing. By managing six affordable housing projects, Affordable Housing America Inc works tirelessly to provide affordable living solutions for various communities, ensuring that individuals and families have access to safe and comfortable living spaces. The organization's efforts contribute significantly to addressing the housing needs of vulnerable populations, making a positive impact on their lives and overall well-being.
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Impact
October, 2024
Affordable Housing America Inc has a significant impact on the community by addressing the critical need for affordable and senior housing. The organization sponsors, acquires, develops, and oversees the operations of multi-family housing projects, ensuring that these residences are accessible to individuals and families who may otherwise struggle to find affordable living options.
By managing six affordable housing projects in Atlanta, Georgia, the organization provides safe, stable, and supportive environments for residents, many of whom benefit from federal, state, or local subsidies. This focus not only helps alleviate housing insecurity but also promotes the preservation of existing affordable housing, ensuring that quality housing options remain available in the community.
Through its initiatives, Affordable Housing America Inc contributes to the overall well-being of the community by fostering sustainable living conditions and enhancing the quality of life for its residents, particularly seniors and low-income families.
This information is meant to be a general summary of Affordable Housing America 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 2020.
- Investment Income: $3,587,843
- Program Service Revenue: $1,016,191
- Gross Receipts: $10,207,026
Assets and Liabilities:
- Total Assets: $4,465,438
- Total Liabilities: $4,244,246
- Net Assets: $221,192
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTION 8 RENT ASSISTANCE
Revenue
$685,159
TENANT RENTS
Revenue
$301,652
OTHER TENANT CHARGES
Revenue
$23,130
PROJECT FEES
Revenue
$6,250
Organization Details
Founding Year
2005
Principal Officer
Peter H Wasserman
Website
www.ahousing.orgNTEE Category
Code: L20 - Housing
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