Affordable Housing Partners
Affordable Housing Partners reported $36.6 million in revenue and $25.8 million in expenses for calendar year 2024. Of every $100 it spent, $86.54 went to program services, $13.46 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: 50.9% of the total. Government grants made up 8.6%. The highest compensation it reported for one person was $133,508 (EXEC DIRECTOR - INCLUSIVITY). 1 person received more than $100,000 in reportable compensation. Revenue rose 781% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $26MFor 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 $37MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.5% | 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 | 8.8% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 8.6% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 50.9% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $133,508 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.52% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 1 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 31.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
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 expenseThe corporation developed, owns and operates fourteen Affordable Housing communities. Crystal glen apartments, phase ii is a 64 unit apartment community located in findlay, ohio. Crystal glen apartments, phase ii was sold in 2024. Autumn woods apartments and autumn woods ii apartments are both 96 unit apartment communities located contiguous to each other in crawfordsville, indiana. Autumn woods apartments and autumn woods ii apartments were sold in 2024. Mill run is a 200 unit apartment community located in columbia, south carolina. Landings of gastonia apartment homes is a 156 unit…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXEC DIRECTOR - INCLUSIVITY Highest compensated employee, 40.00 hrs/week | $131,535 | $0 | $1,973 | $133,508 |
1 people received more than $100,000 in reportable compensation from Affordable Housing Partners (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- 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 58
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| RBM MANAGEMENT COMPANY LLC Prop mgmt/accntng services | $431,230 |
| PEDCOR HOMES CORPORATION Property management services | $207,644 |
| PEDCOR INVESTMENTS LLC Accounting services | $162,651 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Affordable Housing Partners's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Affordable Housing Partners, you can publish a response that is linked from this page.
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Of every $100 Affordable Housing Partners spent in 2024, $86.54 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Deep Green Housing & Community DevelopmentLos Angeles, CA · revenue $36M · programs 90.3% · 2024
- Wakeland Housing and Development CorpSan Diego, CA · revenue $37M · programs 42.7% · FY2025
- Reach Community DevelopmentPortland, OR · revenue $36M · programs 89.3% · 2024
- Nevada Affordable Housing Assistance CorporationLas Vegas, NV · revenue $37M · programs 91.3% · FY2025
- Homeward Bound of MarinNovato, CA · revenue $36M · programs 87.1% · FY2025
All housing & shelter charities · Largest charities in Indiana
Questions people ask
How much of Affordable Housing Partners's spending goes to programs?
In calendar year 2024, Affordable Housing Partners reported that 86.5% of its $25.8 million in expenses went to program services, 13.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Affordable Housing Partners pay its top executive?
The largest total compensation Affordable Housing Partners reported for one person in calendar year 2024 was $133,508, for the role of EXEC DIRECTOR - INCLUSIVITY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Affordable Housing Partners get its money?
Of $36.6 million in revenue in calendar year 2024, 8.8% came from contributions and grants (including 8.6% from government grants) and 50.9% from program service revenue (Form 990, Part VIII).
Is Affordable Housing Partners a registered charity?
The IRS lists EIN 35-1993520 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 202533219349301243 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433199349308003 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349317713 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243199349315639 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349322040 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013219349310181 · read the filing
All filings for EIN 35-1993520: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.