Overview
What is American Foundation For Affordable Housinginc?
The American Foundation for Affordable Housinginc is a nonprofit organization, serving as the parent entity to affiliates, with a mission to offer affordable housing solutions for the elderly and economically disadvantaged residents within their communities. Based in Williamsburg, Virginia, they employ a modest workforce of one individual, dedicated to fulfilling this crucial mission. By providing affordable housing, this organization aims to enhance the living conditions and overall well-being of those in need.
Official website here: www.ffah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20%
The American Foundation for Affordable Housing Inc. has received a Zero-Star out of Four Star rating, reflecting significant concerns regarding its accountability and financial practices. The organization scored only 20% in its Accountability & Finance metrics, highlighting a lack of transparency and missing essential documents such as financial statements and conflict of interest policies.
Despite having a board composed entirely of independent members, the organization has not demonstrated adequate financial management practices. The low program expense ratio of 15.82% indicates that a minimal portion of its funds is directed towards its mission, raising questions about the effectiveness and impact of its programs. Furthermore, critical documentation, including their tax forms and policies for whistleblowers and document retention, is absent from their website, which further diminishes trust.
Overall, the American Foundation for Affordable Housing Inc. appears to struggle with maintaining the necessary standards for accountability and transparency that are pivotal for nonprofit organizations. Potential donors and supporters may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is American Foundation For Affordable Housinginc legitimate?
American Foundation For Affordable Housinginc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Foundation For Affordable Housinginc 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: $144,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ffah.org
What is the mission statement of American Foundation For Affordable Housinginc?
The American Foundation for Affordable Housinginc, serving as the parent organization, supports affiliates whose primary mission is to provide affordable housing for the elderly and economically disadvantaged individuals within their communities. This organization's purpose is centered around promoting affordable living solutions for those in need, thereby enhancing their quality of life. The affiliates under its umbrella work diligently to address the housing needs of these vulnerable populations, ensuring they have access to safe and affordable housing options.
Official website here: www.ffah.org
What is the revenue of American Foundation For Affordable Housinginc?
American Foundation For Affordable Housinginc's revenue in 2023 was $1,082,582.
Official website here: www.ffah.org
Who are the executives of American Foundation For Affordable Housinginc and what are their salaries?
The average compensation at American Foundation For Affordable Housinginc during 2023 was $144,900. There is 1 employee at American Foundation For Affordable Housinginc.
Here are 3 key members and their salaries:
- Compensation: $72,900
- Related: $0
- Other: $0
- Compensation: $36,000
- Related: $0
- Other: $0
- Compensation: $36,000
- Related: $0
- Other: $0
Official website here: www.ffah.org
Where can I find the form 990 for American Foundation For Affordable Housinginc?
American Foundation For Affordable Housinginc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ffah.org
Learn more at the official website: www.ffah.org
Mission Statement of American Foundation For Affordable Housinginc
The American Foundation for Affordable Housinginc is an organization that serves as the parent body to various affiliates. Its mission, in essence, is centrally focused on providing affordable housing solutions for the elderly and economically disadvantaged individuals within our communities. This nonprofit organization fosters the establishment and operation of affiliates that share this same mission, aiming to make housing a basic right rather than a privilege for those in need. By doing so, the American Foundation for Affordable Housinginc plays a crucial role in ensuring that vulnerable populations can live with dignity and security, regardless of their financial circumstances.
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Impact
July, 2024
American Foundation for Affordable Housing Inc's impact lies in providing affordable housing to the poor and elderly within communities. Through its affiliates, the organization works to address the critical need for accessible housing options for these vulnerable populations. The mission of the organization focuses on ensuring that those in need have a safe and stable place to call home, contributing to improved quality of life and well-being for individuals who may otherwise struggle to find suitable housing options. By championing affordable housing initiatives, the organization plays a vital role in addressing housing challenges faced by low-income individuals and seniors in society.
This information is meant to be a general summary of American Foundation For Affordable Housinginc. 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.
- Program Service Revenue: $1,082,582
- Gross Receipts: $1,082,582
Assets and Liabilities:
- Total Assets: $8,511,979
- Total Liabilities: $144,763
- Net Assets: $8,367,216
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM KINGSPORT DEVELOP
Revenue
$656,914
INTEREST INCOME - MCAP VI
Revenue
$188,055
INTEREST INCOME -WALNUT HOUS
Revenue
$185,748
INTEREST INCOME MCAP ADVISERS
Revenue
$38,301
INTEREST INCOME - MCAP II
Revenue
$13,564
Organization Details
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