Allen A M E Housing Corp

Organization Overview

Allen A M E Housing Corp is located in Jamaica, NY. The organization was established in 1982. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Allen A M E Housing Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allen A M E Housing Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Allen A M E Housing Corp generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION PROVIDES AFFORDABLE HOUSING TO THE UNDERSERVED ECONOMICALLY CHALLENGED INDIVIDUALS OF THE SOUTH JAMAICA COMMUNITY OF QUEENS NEW YORK. THE ORGANIZATION ALSO WORKS WITH LOCAL DEVELOPMENT PROJECTS TO BRING AFFORDABLE HOUSING TO THE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION PROVIDES AFFORDABLE HOUSING TO ELIGIBLE APPLICANTS RESIDING IN THE SOUTH QUEENS NEIGHBORHOOD. SOME COMMERCIAL SPACES ARE RENTED TO BUSINESSES TO SUBSIDIZE THE BELOW MARKET RENTS CHARGED TO RESIDENCE SO THAT THE BUILDINGS CAN BE REPAIRED AND MAINTAINED FOR HABITATION.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Howard
Director Of Finance
$115,000
Harold Flake
Director Of Operations
$100,000
Stefanie Kenchen
Grant Writer
$92,000
Rev Elaine Flake
President
$0
Evette C Ennis ESQ
Board Secretary
$0
Richard Mceachern
Board President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $297,396
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$297,396
Total Program Service Revenue$1,152,236
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,449,632

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