Foresight Affordable Housing
Foresight Affordable Housing reported $25.4 million in revenue and $39.5 million in expenses for calendar year 2024. Of every $100 it spent, $90.48 went to program services, $9.52 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: 93.2% of the total. The highest compensation it reported for one person was $343,531 (EXECUTIVE VICE PRESIDENT). 4 people received more than $100,000 in reportable compensation. Revenue rose 482% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $40MFor 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 $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.5% | 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 | 1.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 93.2% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $343,531 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.87% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 4 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.9 | 10.0 |
| Independent voting board members Part VI 1a–1b | 4 of 7 | 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 expenseHighest 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 |
|---|---|---|---|---|
| EXECUTIVE VICE PRESIDENT Key employee, 40.0 hrs/week | $288,122 | $0 | $55,409 | $343,531 |
| VICE PRESIDENT OF DEVELOPMENT Highest compensated employee, 40.0 hrs/week | $189,235 | $0 | $47,317 | $236,552 |
| VP OF ASSET OPERATIONS Highest compensated employee, 40.0 hrs/week | $173,366 | $0 | $31,403 | $204,769 |
| PRESIDENT (THRU 11/30/24) Director/trustee, officer, 20.0 hrs/week | $105,126 | $0 | $11,373 | $116,499 |
| PRESIDENT (VP & ASSISTANT SECRETARY THRU 12/11/24) Director/trustee, officer, 20.0 hrs/week | $36,291 | $0 | $15,767 | $52,058 |
| VP & ASSISTANT SECRETARY (SECRETARY & TREASURER THRU 12/11/24) Director/trustee, officer, 10.0 hrs/week | $20,460 | $0 | $0 | $20,460 |
| SECRETARY/TREASURER (AS OF 12/11/24) Director/trustee, officer, 5.0 hrs/week | $4,000 | $0 | $0 | $4,000 |
| TRUSTEE Director/trustee, 1.0 hrs/week | $4,000 | $0 | $0 | $4,000 |
4 people received more than $100,000 in reportable compensation from Foresight Affordable Housing (Part VII, line 2). Compensation of current officers, directors and key employees totaled $553K (Part IX, line 5).
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–1b7 · 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 11aYes
- Family or business ties among insiders Part VI 2No
- 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 511
- Volunteers Part I, line 64
Correct a figure or respond
Every number above is copied from Foresight 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 Foresight Affordable Housing, you can publish a response that is linked from this page.
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Of every $100 Foresight Affordable Housing spent in 2024, $90.48 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Middlesex Human Service AgencyWaltham, MA · revenue $25M · programs 91.3% · FY2025
- Community Solutions InternationalNew York, NY · revenue $25M · programs 85.7% · 2024
- Sholom Home EastSt Paul, MN · revenue $25M · programs 87.0% · FY2025
- The Presbyterian Night Shelter of Tarrant CountyFort Worth, TX · revenue $25M · programs 89.5% · 2024
- Community Housing Development Corp of North RichmondRichmond, CA · revenue $25M · programs 77.8% · 2024
All housing & shelter charities · Largest charities in New Jersey
Questions people ask
How much of Foresight Affordable Housing's spending goes to programs?
In calendar year 2024, Foresight Affordable Housing reported that 90.5% of its $39.5 million in expenses went to program services, 9.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Foresight Affordable Housing pay its top executive?
The largest total compensation Foresight Affordable Housing reported for one person in calendar year 2024 was $343,531, for the role of EXECUTIVE VICE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Foresight Affordable Housing get its money?
Of $25.4 million in revenue in calendar year 2024, 1.1% came from contributions and grants and 93.2% from program service revenue (Form 990, Part VIII).
Is Foresight Affordable Housing a registered charity?
The IRS lists EIN 52-1979028 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202503189349315065 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349323043 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303149349302060 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203189349316185 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123169349308677 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043189349309794 · read the filing
All filings for EIN 52-1979028: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.