Overview
What is Ahc Inc?
Ahc Inc, founded in 1975, is a nonprofit organization headquartered in Arlington, Virginia. With a mission to create affordable housing solutions, Ahc Inc takes a holistic approach to this pressing issue. Their innovative strategies in real estate development and acquisition not only provide over 7,800 homes, primarily affordable rental units, but also extend to 53 multifamily communities in Virginia, Maryland, and the District of Columbia. This organization's commitment to its communities goes beyond just housing, as they offer a wide range of educational programs and social services through their community centers. Ahc Inc's goal is to help residents build more stable and successful lives. Their team of 103 employees is dedicated to making a difference in the northern Virginia, Washington DC, and Baltimore region.
Official website here: www.ahcinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Stars)
Ahc Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid overall performance with an 86% score. The organization demonstrates strong accountability and finance practices, scoring 74% in this area, which indicates a commitment to transparency and effective financial management. Notably, the program expense ratio stands at an impressive 88.87%, suggesting that a significant portion of its funds is directed towards programs rather than administrative costs.
The organization excels in leadership and adaptability, with a perfect score of 100 in this category. This suggests that Ahc Inc effectively embraces change and continuously develops its leadership capabilities. Additionally, its culture and community score is high at 97%, indicating a robust community engagement and a positive organizational culture.
However, there are some areas for improvement, particularly in the composition of its board, where only 41% of members are independent. This could raise concerns about governance and potential conflicts of interest. The liabilities to assets ratio at 58.93% also suggests that the organization carries a relatively high level of liabilities compared to its assets, which could impact financial stability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Ahc Inc legitimate?
Ahc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahc 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: $2,864,927
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,085,941
For more financial information, click here
Official website here: www.ahcinc.org
What is the mission statement of Ahc Inc?
Ahc Inc is dedicated to constructing, maintaining, and offering affordable housing solutions for low-income families and individuals. Based on its mission, established in 1975, the organization goes beyond just providing housing. Ahc Inc develops creative real estate strategies and integrates them with impactful programs for residents. With a portfolio that includes over 7,800 homes, primarily affordable rental units, in Virginia, Maryland, and the District of Columbia, the organization's commitment extends beyond bricks and mortar. Ahc Inc's community centers offer a range of educational programs and social services, empowering residents to build more stable and successful lives. In summary, Ahc Inc's approach to affordable housing is comprehensive, combining innovative development strategies with life-enhancing programs for its residents.
Official website here: www.ahcinc.org
Who is the CEO of Ahc Inc?
Paul Bernard is the President & Ceo of Ahc Inc. The CEO's salary of Ahc Inc is $136,529 and their total compensation is $143,693.
Official website here: www.ahcinc.org
What is the revenue of Ahc Inc?
Ahc Inc's revenue in 2022 was $34,695,172.
Official website here: www.ahcinc.org
Who are the executives of Ahc Inc and what are their salaries?
The average compensation at Ahc Inc during 2022 was $86,902. There are 103 employees and 301 volunteers at Ahc Inc.
Here are 30 key members and their salaries (Ahc Inc's CEO's salary is $136,529 and their total compensation is $143,693):
- Compensation: $275,734
- Related: $0
- Other: $27,373
- Compensation: $224,463
- Related: $0
- Other: $9,516
- Compensation: $191,624
- Related: $0
- Other: $30,003
- Compensation: $136,529
- Related: $0
- Other: $7,164
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $258,482
- Related: $0
- Other: $34,227
- Compensation: $220,882
- Related: $0
- Other: $180
- Compensation: $206,692
- Related: $0
- Other: $21,809
- Compensation: $203,441
- Related: $0
- Other: $3,251
- Compensation: $199,662
- Related: $0
- Other: $21,441
- Compensation: $190,848
- Related: $0
- Other: $26,200
- Compensation: $182,715
- Related: $0
- Other: $20,725
- Compensation: $177,333
- Related: $0
- Other: $18,409
- Compensation: $163,780
- Related: $0
- Other: $12,444
- Compensation: $202,732
- Related: $0
- Other: $11,705
- Compensation: $137,898
- Related: $0
- Other: $17,924
- Compensation: $134,278
- Related: $0
- Other: $18,039
- Compensation: $133,008
- Related: $0
- Other: $8,732
- Compensation: $118,264
- Related: $0
- Other: $25,436
Official website here: www.ahcinc.org
Where can I find the form 990 for Ahc Inc?
Ahc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahcinc.org
Learn more at the official website: www.ahcinc.org
Mission Statement of Ahc Inc
Ahc Inc, a mission-driven organization founded in 1975, is dedicated to constructing, maintaining, and offering high-quality, affordable housing solutions to low and moderate-income families and individuals. Committed to enhancing communities in the Northern Virginia, Washington D.C., and Baltimore region, Ahc Inc goes beyond the mere provision of housing by offering an extensive range of educational programs and social services through their community centers.
Ahc Inc takes a holistic approach to affordable housing by combining innovative real estate development and acquisition strategies with life-changing programs for residents. Their portfolio includes 53 multifamily communities, which provide over 7,800 homes, predominantly affordable rental units, across Virginia, Maryland, and the District of Columbia. This nonprofit organization has created a system where housing is not just a shelter but a stepping stone to more stable and successful lives for its residents.
At the heart of Ahc Inc's efforts is a deep-rooted dedication to community improvement. By applying creative real estate strategies and pairing them with impactful programs, Ahc Inc has managed to make a significant impact on the lives of countless families. The organization's approach transcends the mere provision of housing, offering opportunities for growth and development that extend beyond the walls of their multifamily communities.
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Impact
October, 2024
AHC Inc significantly impacts the communities it serves by focusing on the development and preservation of high-quality, affordable housing for low and moderate-income families and individuals. With a portfolio that includes 53 multifamily communities, AHC Inc provides over 7,800 homes, primarily affordable rental units, across Virginia, Maryland, and Washington D.C.
Their holistic approach integrates innovative real estate development strategies with comprehensive support programs, helping residents not just secure housing, but also improve their overall quality of life. The organization offers a range of educational programs and social services through community centers, empowering residents with the resources they need to build stable and successful lives. Founded in 1975, AHC Inc has been a cornerstone in promoting sustainable living environments and fostering community growth in the Northern Virginia, Washington D.C., and Baltimore areas.
Overall, AHC Inc creates lasting changes in the lives of individuals and families by ensuring that affordable housing is not just a dream, but a reality, paving the way for greater community stability and success.
This information is meant to be a general summary of Ahc 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: $325,927
- Program Service Revenue: $28,046,074
- Gross Receipts: $34,697,515
Assets and Liabilities:
- Total Assets: $323,468,241
- Total Liabilities: $189,916,979
- Net Assets: $133,551,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$17,358,972
FEE INCOME
Revenue
$5,653,423
PROGRAM INTEREST INCOME
Revenue
$2,909,070
TENANT CHARGES
Revenue
$712,023
MISC. INCOME
Revenue
$568,113
Organization Details
Founding Year
1975
Phone
(703) 486-0626Principal Officer
Paul Bernard
Main Address
2230 NORTH FAIRFAX DRIVE 100, ARLINGTON, VA, 22201
Website
www.ahcinc.orgNTEE Category
Code: L20Z - Housing
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