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Alabama Affordable Housing Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 630978860 ✦ Tuscaloosa, AL ✦ Designated as a 501(c)(6)

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Overview

What is Alabama Affordable Housing Association Inc?

Alabama Affordable Housing Association Inc, headquartered in Tuscaloosa, Alabama, is a nonprofit organization with a mission to foster unity among individuals engaged in the development and management of rural multi-family housing. The association's primary goal is to promote shared interests in this specific field, working to improve the landscape of affordable housing in rural communities. With a modest workforce of two dedicated individuals, Alabama Affordable Housing Association Inc plays a crucial role in advocating for and supporting the development of affordable housing options in rural areas.


Official website here: www.theaaha.org

Is Alabama Affordable Housing Association Inc legitimate?

Alabama Affordable Housing Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Alabama Affordable Housing Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,190

For more financial information, click here


Official website here: www.theaaha.org

What is the mission statement of Alabama Affordable Housing Association Inc?

The Alabama Affordable Housing Association Inc is dedicated to fostering a shared interest among individuals involved in the development and management of rural multi-family housing. Their mission is centered around promoting unity and collaboration within this specific sector, aiming to make a significant impact in this field. By doing so, they contribute to the betterment of rural communities, ensuring the availability and accessibility of affordable housing options for many families.


Official website here: www.theaaha.org

Who is the CEO of Alabama Affordable Housing Association Inc?

Arrice Faught is the Vice-Preside of Alabama Affordable Housing Association Inc.


Official website here: www.theaaha.org

What is the revenue of Alabama Affordable Housing Association Inc?

Alabama Affordable Housing Association Inc's revenue in 2022 was $571,811.


Official website here: www.theaaha.org

Who are the executives of Alabama Affordable Housing Association Inc and what are their salaries?

The average compensation at Alabama Affordable Housing Association Inc during 2022 was $39,095. There are 2 employees at Alabama Affordable Housing Association Inc.


Here are 4 key members and their salaries:


Fred Bennett (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Bomar (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Hall (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Heberling (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.theaaha.org

Where can I find the form 990 for Alabama Affordable Housing Association Inc?

Alabama Affordable Housing Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.theaaha.org

Learn more at the official website: www.theaaha.org

Mission Statement of Alabama Affordable Housing Association Inc

Alabama Affordable Housing Association Inc is dedicated to fostering a shared purpose among individuals engaged in the development and management of rural multi-family housing. Their mission, in essence, is to advocate for the collective interests of this community, aiming to make a significant impact in this specific field. By promoting collaboration and unity, the organization strives to contribute to the development and management of affordable housing solutions in rural areas, ultimately benefiting the communities they serve.

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Impact




October, 2024

Alabama Affordable Housing Association Inc significantly impacts the landscape of rural multi-family housing development and management in the state. By focusing on the common interests of stakeholders involved in this sector, the organization fosters collaboration and knowledge-sharing among developers, managers, and other key players. This collective approach enhances the quality and availability of affordable housing options for residents in rural areas.

The association's efforts contribute to community improvement by ensuring that the development and management of housing meet the needs of low- to moderate-income families. By promoting sustainable practices and advocating for policies that support rural housing initiatives, the organization plays a pivotal role in enhancing living conditions and stabilizing communities. Ultimately, Alabama Affordable Housing Association Inc serves as a catalyst for economic growth, social equity, and greater access to quality homes in underserved areas.




This information is meant to be a general summary of Alabama Affordable Housing Association 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.

Revenue
$571,811 (2022)
Expenses
$494,289 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $268
  • Program Service Revenue: $495,315
  • Gross Receipts: $571,811

Assets and Liabilities:

  • Total Assets: $273,831
  • Total Liabilities: $86,214
  • Net Assets: $187,617

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ANNUAL MEETING REVENUE

Revenue

$221,560

MEMBERSHIP DUES

Revenue

$169,868

VIRTUAL TRAINING

Revenue

$49,887

GRAND OPENING REVENUE

Revenue

$41,000

LEASE AGREEMENT SALES

Revenue

$13,000

Organization Details

Founding Year

2004

Principal Officer

Arrice Faught

Main Address

1105 SOUTHVIEW LANE STE 103 236, TUSCALOOSA, AL, 35405

NTEE Category

Code: S46 - Community improvement

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