Overview
What is Affordable Housing Developers Inc?
Affordable Housing Developers Inc is a nonprofit organization based in Dickinson, North Dakota. Their primary mission is to create and maintain affordable housing options for low to moderate income households across the state. They achieve this by leveraging various federal, state, and local grant and loan programs, designed to promote housing opportunities. These funds can be utilized to either purchase and renovate existing affordable housing properties at risk of being lost to the industry or construct new ones in areas suffering from a shortage. With a team of four employees, Affordable Housing Developers Inc is dedicated to providing decent, safe, and affordable housing solutions for lower income households in North Dakota.
Official website here: www.ahdi-nd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Affordable Housing Developers Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization boasts a 100% independent board and a well-structured audit and oversight committee, indicating strong governance practices. Additionally, it has established comprehensive policies, including conflict of interest and whistleblower protections, which contribute to its overall transparency.
While the organization demonstrates strengths in board independence and financial oversight, its liabilities to assets ratio at 67.61% raises some concerns. This metric suggests that a significant portion of its assets is tied up in liabilities, which could affect financial stability. However, the program expense ratio of 68.09% indicates that a majority of its budget is allocated to its mission-driven activities, showcasing a commitment to serving its community.
Overall, Affordable Housing Developers Inc has a commendable rating and strong governance practices, with areas for improvement in financial metrics. Continued focus on reducing liabilities relative to assets may enhance its sustainability and overall impact in the affordable housing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Developers Inc legitimate?
Affordable Housing Developers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Developers 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: $85,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,780
For more financial information, click here
Official website here: www.ahdi-nd.org
What is the mission statement of Affordable Housing Developers Inc?
Affordable Housing Developers Inc is committed to the development, preservation, and management of decent, safe, and affordable housing for lower-income households. This organization is dedicated to providing housing opportunities for people who fall within the low to moderate income bracket, utilizing various federal, state, and local grant and loan programs. They may use these funds to acquire and rehabilitate existing affordable housing properties at risk of being lost, or construct new housing in areas with a shortage of affordable housing options.
Official website here: www.ahdi-nd.org
What is the revenue of Affordable Housing Developers Inc?
Affordable Housing Developers Inc's revenue in 2023 was $747,763.
Official website here: www.ahdi-nd.org
Who are the executives of Affordable Housing Developers Inc and what are their salaries?
The average compensation at Affordable Housing Developers Inc during 2023 was $48,444. There are 5 employees at Affordable Housing Developers Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $285
- Other: $0
- Compensation: $0
- Related: $190
- Other: $0
- Compensation: $0
- Related: $380
- Other: $0
- Compensation: $0
- Related: $285
- Other: $0
- Compensation: $0
- Related: $190
- Other: $0
- Compensation: $0
- Related: $190
- Other: $0
- Compensation: $85,439
- Related: $0
- Other: $0
Official website here: www.ahdi-nd.org
Where can I find the form 990 for Affordable Housing Developers Inc?
Affordable Housing Developers Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ahdi-nd.org
Learn more at the official website: www.ahdi-nd.org
Mission Statement of Affordable Housing Developers Inc
Affordable Housing Developers Inc, as its name suggests, is committed to providing and dedicating its efforts towards the development, preservation, and management of decent, safe, and affordable housing for lower income households within North Dakota. With a mission rooted in this goal, the organization strives to utilize various federal, state, and local grant and loan programs designed to promote housing opportunities.
In pursuit of this mission, Affordable Housing Developers Inc engages in the development of multi-family housing projects for low to moderate income households across North Dakota. They achieve this by leveraging these grant and loan programs, which can be used for purchasing and/or rehabilitating existing affordable housing properties at risk of being lost to the industry, or for building new housing units in areas experiencing a shortage of affordable housing. By doing so, the organization plays a significant role in ensuring that lower income households have access to suitable housing, thereby contributing to the overall wellbeing and stability of these communities.
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Impact
July, 2024
Affordable Housing Developers Inc's impact lies in its dedication to providing and developing decent, safe, and affordable housing for lower-income households in North Dakota. By utilizing various federal, state, and local grant and loan programs, the organization develops multi-family housing projects for low to moderate-income households throughout the state. They aim to address housing shortages in areas that lack affordable housing options and work to preserve existing affordable housing properties at risk of being lost. Through their efforts, Affordable Housing Developers Inc positively impacts the lives of individuals and families by providing them with stable and affordable housing options.
This information is meant to be a general summary of Affordable Housing Developers 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 2023.
- Investment Income: $266
- Program Service Revenue: $709,426
- Gross Receipts: $747,763
Assets and Liabilities:
- Total Assets: $9,804,516
- Total Liabilities: $6,628,958
- Net Assets: $3,175,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PS RENTAL INCOME
Revenue
$591,770
MISC. CUSTOMER CHARGES
Revenue
$67,939
MANAGEMENT FEES
Revenue
$48,578
INTEREST REVENUE
Revenue
$1,139
Organization Details
Founding Year
1997
Principal Officer
Scott Burlingame
Website
www.ahdi-nd.orgNTEE Category
Code: L80 - Housing
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