Overview
What is Affordable Housing Connections Inc?
Affordable Housing Connections Inc, based in St. Paul, Minnesota, serves as a vital resource for organizations involved in affordable housing. Their primary mission is to provide monitoring and consulting services to governmental organizations, property owners, and managers, aiming to safeguard investments and ensure the continuity of quality, affordable rental housing. They work with various entities, including local allocators of Low Income Housing Tax Credits (LIHTC), Home Program Participating Jurisdictions (PJ), Neighborhood Stabilization Program (NSP), and CDBG and ESG programs. Their comprehensive workload includes over 400 projects in the Twin Cities Metro Area and Greater Minnesota, totaling over 32,000 units, during the year 2022. Affordable Housing Connections Inc also delivers education to aspiring leaders in the affordable housing industry, furthering their mission to promote and maintain affordable housing options.
Official website here: www.ahcinc.net
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Affordable Housing Connections Inc demonstrates strong performance in accountability and finance, achieving an overall score of 81%. This rating is primarily based on a comprehensive assessment of various governance and financial metrics, reflecting the organization's commitment to transparency and responsible management of resources.
The organization boasts a fully independent board, comprising 88% of its members, and has effectively implemented crucial policies such as conflict of interest and whistleblower protections. With no reported material diversion of assets and a favorable liabilities to assets ratio, Affordable Housing Connections Inc showcases a solid financial foundation, which is bolstered by an impressive program expense ratio of 82.32%, indicating that the majority of their funds are directed towards fulfilling their mission.
While the organization has established a strong framework for accountability, the rating suggests that there is potential for further improvement in other areas. However, the current data highlights a commendable dedication to ethical practices and effective financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Connections Inc legitimate?
Affordable Housing Connections Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Connections 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: $196,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,020,665
For more financial information, click here
Official website here: www.ahcinc.net
What is the mission statement of Affordable Housing Connections Inc?
Affordable Housing Connections Inc's mission is centered around delivering monitoring and consulting services to governmental organizations, property owners, and managers in the affordable housing industry. Their primary goal is to protect the investment of private equity and tax dollars, ensuring the continued provision of high-quality, affordable rental housing. The organization provides due diligence reports for various programs, including Low Income Housing Tax Credits (LIHTC), Home Program Participating Jurisdictions (PJ), Neighborhood Stabilization Program (NSP), Inclusion Zoning Projects, and others. They also review tenant files and conduct physical inspections to maintain compliance with these programs. With a workload of over 430 projects and 32,000 units in 2022, Affordable Housing Connections Inc plays a significant role in maintaining the standards of affordable housing in the industry.
Official website here: www.ahcinc.net
Who is the CEO of Affordable Housing Connections Inc?
Lyn Burton is the Executive Di of Affordable Housing Connections Inc.
Official website here: www.ahcinc.net
What is the revenue of Affordable Housing Connections Inc?
Affordable Housing Connections Inc's revenue in 2022 was $2,068,025.
Official website here: www.ahcinc.net
Who are the executives of Affordable Housing Connections Inc and what are their salaries?
The average compensation at Affordable Housing Connections Inc during 2022 was $101,463. There are 12 employees at Affordable Housing Connections Inc.
Here are 13 key members and their salaries:
- Compensation: $180,825
- Related: $0
- Other: $16,069
- Compensation: $103,204
- Related: $0
- Other: $17,935
- Compensation: $106,453
- Related: $0
- Other: $10,760
- Compensation: $101,936
- Related: $0
- Other: $11,210
- 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
- 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.ahcinc.net
Where can I find the form 990 for Affordable Housing Connections Inc?
Affordable Housing Connections Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahcinc.net
Learn more at the official website: www.ahcinc.net
Mission Statement of Affordable Housing Connections Inc
Affordable Housing Connections Inc, as a resource for organizations involved in affordable housing, delivers monitoring and consulting services to governmental organizations, property owners, and managers. Their mission is to protect the investment of private equity and tax dollars in the affordable housing industry and ensure the continuation of quality affordable rental housing. They accomplish this by providing due diligence reports for various programs, including the Low Income Housing Tax Credits (LIHTC), Home Program Participating Jurisdictions (PJ), Neighborhood Stabilization Program (NSP), Inclusion Zoning Projects, CDBG and ESG Programs, Affordable Housing Program (AHP), Sponsor-Initiated Affordable Housing Program, and Section 42 LIHTC Tenant Move-In Files.
By offering these services, Affordable Housing Connections Inc aims to ensure that affordable housing projects comply with regulations and maintain their quality. They review annual compliance reports, selected tenant files, and conduct physical inspections of properties, common areas, and unit interiors. In 2022, they managed a workload of 434 projects, totaling 32,437 units, primarily focusing on the Twin Cities Metro Area but also including projects in Greater Minnesota. This organization plays a crucial role in promoting and preserving affordable housing, ensuring that low-income families and individuals have access to safe and affordable housing options.
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Impact
July, 2024
Affordable Housing Connections Inc delivers monitoring and consulting services to governmental organizations, property owners, and managers. They also provide education to individuals aspiring to leadership in the affordable housing industry. Their aim is to protect private equity and tax dollars' investment and ensure the continuation of quality affordable rental housing. AHC focuses on compliance monitoring for various affordable housing programs and initiatives in the Twin Cities metro area and greater Minnesota. Their work impacts 434 projects totaling 32,437 units in the calendar year 2022, contributing to the stability and availability of affordable housing in the region.
This information is meant to be a general summary of Affordable Housing Connections 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: $813
- Program Service Revenue: $2,061,212
- Gross Receipts: $2,068,025
Assets and Liabilities:
- Total Assets: $1,704,250
- Total Liabilities: $0
- Net Assets: $1,704,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPLIANCE FEES
Revenue
$1,988,100
TRAINING FEES
Revenue
$73,112
Organization Details
Founding Year
1990
Phone
(651) 222-8319Principal Officer
Lyn Burton
Main Address
165 WESTERN AVENUE SUITE 12, ST PAUL, MN, 55102
Website
www.ahcinc.netNTEE Category
Code: L99Z - Housing
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