Alexandria Housing Development Corporation
Also known as Housing Alexandria
Alexandria Housing Development Corporation reported $16.6 million in revenue and $20.3 million in expenses for calendar year 2024. Of every $100 it spent, $90.56 went to program services, $8.88 to management and general costs and $0.56 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.0% of the total. The highest compensation it reported for one person was $280,307 (PRESIDENT & CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 359% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $20MFor 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 $17M- Contributions & grants (non-government)$9.55 $1.6M
- Government grants$3.03 $503K
- Program service revenue$85.92 $14M
- Investment income$1.50 $248K
Other revenue was negative: −$8,025. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.6% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.9% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 12.6% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 86.0% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $280,307 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.38% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 5 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -5.1 | 10.0 |
| Independent voting board members Part VI 1a–1b | 7 of 8 | 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 organization acquired parkstone alexandria apartments on january 28, 2020. The organization owns and operates this 326-unit apartment complex located in alexandria, virginia. The organization is the sole member and developer for ahdc pc dr, llc
In february 2022, the organization acquired the square at 511 (formally park vue apartments). This acquisition preserved a market rate property for permanent affordability. As a result of this acquisition by the organization, all 196 units will be permanently restricted to rents not to exceed 60% of area median income. In may of 2024, the organization refinanced the square at 511 apartments. Housing Alexandria was one of the first organizations to close the amazon acquisition loan. In total, the organization was able to return to amazon just under $20 million from the original acquisition
The shared equity homeownership program was finalized in 2023. The project under this program is under construction. Housing Alexandria seminary road development will make homebuying more affordable in alexandria by building 36 new homes for families. The organization continued construction of cardinal path townhome project with aims of completion in 2025. The development uses a shared equity homeownership model with 36 homes. This work also develops an expanded service space for sheltered homes of alexandria, which provides housing and supportive services for adults with intellectual and…
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 |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $249,861 | $0 | $30,446 | $280,307 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $181,898 | $0 | $22,068 | $203,966 |
| DIRECTOR OF SPECIAL PROJECTS Key employee, 40.00 hrs/week | $166,751 | $0 | $16,143 | $182,894 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $136,849 | $0 | $5,852 | $142,701 |
| SENIOR REAL ESTATE PROJECT MANAGER Highest compensated employee, 40.00 hrs/week | $124,152 | $0 | $5,614 | $129,766 |
5 people received more than $100,000 in reportable compensation from Alexandria Housing Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $667K (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–1b8 · 7 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 26Yes
- 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 525
- Volunteers Part I, line 68
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| WHITING-TURNER CONTRACTING COMPANY Contractor | $29,822,456 |
| A&A LIMITED PARTNERSHIP Remodeling | $2,964,999 |
| ADVANCED PROJECT MANAGEMENT INC Project management | $575,065 |
| HILLIS-CARNES ENGINEERING ASSOCIATES Engineering | $336,738 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Alexandria Housing Development Corporation totaling $12,539 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 Alexandria Housing Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Alexandria Housing Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Alexandria Housing Development Corporation spent in 2024, $90.56 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Christian CARE SurprisePhoenix, AZ · revenue $17M · programs 86.8% · 2024
- Valley Housing Development CorpEmmaus, PA · revenue $17M · programs 96.2% · 2024
- Mercy Housing MidwestDenver, CO · revenue $16M · programs 81.8% · 2024
- First Ame Housing AssociationSeattle, WA · revenue $17M · programs 100.0% · 2024
- Christian Senior Housing FoundationAtlanta, GA · revenue $16M · programs 86.7% · 2024
All housing & shelter charities · Largest charities in Virginia
Questions people ask
How much of Alexandria Housing Development Corporation's spending goes to programs?
In calendar year 2024, Alexandria Housing Development Corporation reported that 90.6% of its $20.3 million in expenses went to program services, 8.9% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does Alexandria Housing Development Corporation pay its top executive?
The largest total compensation Alexandria Housing Development Corporation reported for one person in calendar year 2024 was $280,307, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Alexandria Housing Development Corporation get its money?
Of $16.6 million in revenue in calendar year 2024, 12.6% came from contributions and grants (including 3.0% from government grants) and 86.0% from program service revenue (Form 990, Part VIII).
Is Alexandria Housing Development Corporation a registered charity?
The IRS lists EIN 84-1650039 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 202533219349307623 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349318101 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349318555 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349308220 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349320125 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023219349313747 · read the filing
All filings for EIN 84-1650039: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.