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Foundation for Affordable Housing

Bend, OR · EIN 33-0327936 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Foundation for Affordable Housing reported $31.6 million in revenue and $21.5 million in expenses for calendar year 2024. Of every $100 it spent, $77.96 went to program services, $22.04 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 54.0% of the total. Government grants made up 8.1%. The highest compensation it reported for one person was $932,642 (PRESIDENT). Revenue rose 31% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $32M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
78.0%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
22.0%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
8.1%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
8.1%1.0%
Program service revenue share
Part VIII 2g ÷ 12
54.0%66.2%
Highest reported compensation
Part VII-A, columns D–F
$932,642$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.33%1.57%
People paid over $100,000
Part VII, line 2
05
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
12.510.0
Independent voting board members
Part VI 1a–1b
4 of 5100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$17M expenses · 100.0% of program spending · grants $66,443 · revenue $29M

Housing - provided 1,399 units of safe and Affordable Housing for low income senior citizens

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Director/trustee, officer, 1.00 hrs/week
$0$854,990$77,652$932,642
VICE PRESIDENT AND SECRETA
Officer, 1.00 hrs/week
$0$633,712$68,547$702,259
VICE PRESIDENT AND TREASUR
Officer, 1.00 hrs/week
$0$431,919$67,456$499,375
DIRECTOR
Director/trustee, 1.00 hrs/week
$0$27,000$0$27,000

0 people received more than $100,000 in reportable compensation from Foundation for Affordable Housing (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$32M$22M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$32M$22M78.0%$23M$932,642
2023 ⓘ$5.4M$8.9M59.9%$12M$903,377
2022 ⓘ$18M$22M70.5%$15M$3,203,513
2021 ⓘ$24M$11M74.5%$21M$2,558,650
2020 ⓘ$25M$19M82.3%$7.4M$665,708
2019 ⓘ$24M$26M97.5%$1.3M$604,598

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b5 · 4 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
SUREHARBOR LLC
Consulting
$208,373

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Foundation for Affordable Housing totaling $49 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Foundation for Affordable Housing's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundation for Affordable Housing, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in Oregon

Questions people ask

How much of Foundation for Affordable Housing's spending goes to programs?

In calendar year 2024, Foundation for Affordable Housing reported that 78.0% of its $21.5 million in expenses went to program services, 22.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Foundation for Affordable Housing pay its top executive?

The largest total compensation Foundation for Affordable Housing reported for one person in calendar year 2024 was $932,642, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Foundation for Affordable Housing get its money?

Of $31.6 million in revenue in calendar year 2024, 8.1% came from contributions and grants (including 8.1% from government grants) and 54.0% from program service revenue (Form 990, Part VIII).

Is Foundation for Affordable Housing a registered charity?

The IRS lists EIN 33-0327936 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533169349304023 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413189349308916 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313189349301761 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223199349319922 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133159349302838 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043189349309279 · read the filing

All filings for EIN 33-0327936: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.