Overview
What is Affordable Housing Access Inc?
Affordable Housing Access Inc is a nonprofit organization committed to addressing the critical shortage of affordable housing opportunities for low-income individuals, the handicapped, and the elderly. In order to accomplish this goal, the organization forms partnerships to construct, acquire, rehabilitate, and preserve affordable multi-family housing. With a successful track record, Affordable Housing Access Inc has ownership or beneficial interests in 21,321 dwelling units across 172 separate housing communities in California, Arizona, Florida, Ohio, Oregon, Maryland, Minnesota, Texas, and Washington. Aside from housing initiatives, the organization also engages in social service outreach ventures aimed at empowering both low-income individuals and their communities. With a team of 13 dedicated employees, Affordable Housing Access Inc continues to make a significant impact in addressing the affordable housing crisis.
Official website here: www.ahaccess.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 78% (Three-Star out of Four Star rating)
Affordable Housing Access Inc has earned a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial management. The organization demonstrates a strong commitment to financial integrity with a program expense ratio of 91.80%, showing that a significant portion of its budget is allocated directly to its programs. The majority of the board members are independent, which is a positive sign for governance practices.
While the organization excels in many areas, there are some notable limitations. It lacks a whistleblower policy and a document retention and destruction policy, which are important for ensuring transparency and ethical practices within the organization. Additionally, the liabilities to assets ratio is over 63%, which may raise concerns about the organization’s financial stability.
Overall, Affordable Housing Access Inc shows strengths in its governance and program spending, but it could benefit from enhancing its policies regarding whistleblower protections and document management. Addressing these areas would help to further solidify its reputation as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Access Inc legitimate?
Affordable Housing Access Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Access 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: $3,010,825
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,164,572
For more financial information, click here
Official website here: www.ahaccess.org
What is the mission statement of Affordable Housing Access Inc?
Affordable Housing Access Inc is dedicated to resolving the critical shortage of affordable housing options for individuals with low to moderate income, disabled persons, and the elderly. To accomplish this goal, the organization forms partnerships for the construction, acquisition, rehabilitation, and preservation of affordable multi-family housing. By serving as an owner or general partner in limited partnerships and joint ventures, the organization provides affordable housing for those in need. Additionally, it runs social service outreach initiatives aimed at empowering both individuals and communities. With a significant impact, Affordable Housing Access Inc has beneficial interests in 21,321 dwelling units in 172 separate housing communities across various states.
Official website here: www.ahaccess.org
Who is the CEO of Affordable Housing Access Inc?
Vasilios Salamandrakis is the Chief Executive Officer of Affordable Housing Access Inc. The CEO's salary of Affordable Housing Access Inc is $670,626 and their total compensation is $702,408.
Official website here: www.ahaccess.org
What is the revenue of Affordable Housing Access Inc?
Affordable Housing Access Inc's revenue in 2022 was $12,245,141.
Official website here: www.ahaccess.org
Who are the executives of Affordable Housing Access Inc and what are their salaries?
The average compensation at Affordable Housing Access Inc during 2022 was $321,184. There are 13 employees and 5 volunteers at Affordable Housing Access Inc.
Here are 16 key members and their salaries (Affordable Housing Access Inc's CEO's salary is $670,626 and their total compensation is $702,408):
- Compensation: $670,626
- Related: $0
- Other: $31,782
- Compensation: $482,500
- Related: $0
- Other: $133,964
- Compensation: $444,864
- Related: $0
- Other: $170,363
- Compensation: $428,294
- Related: $0
- Other: $83,161
- Compensation: $210,954
- Related: $0
- Other: $120,926
- Compensation: $207,669
- Related: $0
- Other: $25,722
- Compensation: $103,912
- Related: $0
- Other: $92,167
- Compensation: $107,006
- Related: $0
- Other: $72,178
- Compensation: $148,439
- Related: $0
- Other: $30,301
- Compensation: $118,923
- Related: $0
- Other: $39,573
- Compensation: $121,134
- Related: $0
- Other: $4,301
- Compensation: $0
- 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.ahaccess.org
Where can I find the form 990 for Affordable Housing Access Inc?
Affordable Housing Access Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahaccess.org
Learn more at the official website: www.ahaccess.org
Mission Statement of Affordable Housing Access Inc
Affordable Housing Access Inc, a leading organization in the housing sector, is dedicated to addressing the critical shortage of affordable housing opportunities for low-moderate income, handicapped, and elderly individuals. The organization's mission is multifaceted, with a primary focus on constructing, acquiring, rehabilitating, and preserving affordable multi-family housing.
To accomplish this goal, Affordable Housing Access Inc forms partnerships that bring together resources and expertise to create thriving communities. They serve as the owner or general partner of limited partnerships and joint ventures that own affordable housing properties, ensuring these homes remain accessible to those in need. Additionally, the organization establishes social service outreach initiatives aimed at empowering both low-income individuals and their communities.
With an impressive portfolio, Affordable Housing Access Inc has ownership or beneficial interests in over 21,000 dwelling units spread across 172 separate housing communities in California, Arizona, Florida, Ohio, Oregon, Maryland, Minnesota, Texas, and Washington. This extensive reach underscores the organization's commitment to providing affordable housing solutions and ensuring a brighter future for countless individuals and families.
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Impact
October, 2024
Affordable Housing Access Inc addresses the critical shortage of affordable housing opportunities for low and moderate-income individuals, including those who are handicapped and elderly. By owning and managing over 21,000 dwelling units across 172 housing communities in several states, the organization significantly expands access to housing for vulnerable populations.
Through its partnerships, the organization constructs, acquires, rehabilitates, and preserves affordable multi-family housing. This not only ensures that low-income individuals have safe and stable living conditions but also fosters community empowerment through social service outreach initiatives. These efforts improve the quality of life for residents, helping them gain access to vital resources and support. The impact of Affordable Housing Access Inc is substantial, as it plays a crucial role in tackling homelessness and housing insecurity while promoting inclusivity and equal opportunity within communities.
This information is meant to be a general summary of Affordable Housing Access 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: $1,845,875
- Program Service Revenue: $5,317,366
- Gross Receipts: $13,121,187
Assets and Liabilities:
- Total Assets: $80,590,550
- Total Liabilities: $51,329,100
- Net Assets: $29,261,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT. AND INCENTIVES
Revenue
$3,614,810
PROGRAMMATIC SERVICES
Revenue
$1,600,000
DEVELOPER FEES
Revenue
$102,556
Organization Details
Founding Year
1999
Phone
(949) 253-3120Principal Officer
Vasilios Salamandrakis
Main Address
3920 BIRCH STREET 103, NEWPORT BEACH, CA, 92660
Website
www.ahaccess.orgNTEE Category
Code: L20 - Housing
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