Affordable Housing Management Association
- Assets
- $645.9k
- Revenue
- $458.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-2782619
Organization Overview
Affordable Housing Management Association is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Management Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Affordable Housing Management Association generated $458.6k 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 (7.2%) each year. All expenses for the organization totaled $414.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (AHMA) IS A CORPORATION COMPOSED OF AFFORDABLE HOUSING PROVIDERS, INCLUDING AGENTS, OWNERS, PROPERTY MANAGERS AND RELATED PROFESSIONALS WHO PROVIDE MANAGEMENT AND PRODUCTS OR SERVICES TO THE AFFORDABLE HOUSING INDUSTRY, LOW AND MODERATE INCOME FAMILIES, SENIORS AND PERSONS WITH DISABILITIES. AHMA REPRESENTS AGENTS AND OWNERS OF AFFORDABLE HOUSING IN SOUTHERN CALIFORNIA, ARIZONA AND NEVADA.THE ORGANIZATION IS A LIAISON BETWEEN ITS MEMBERS AND GOVERNMENT AGENCIES REGULATING THE AFFORDABLE HOUSING INDUSTRY IN ORDER TO REPRESENT NEW POLICIES OR ISSUES OF INTEREST AND RESOLVE PROBLEMS IN AFFORDABLE HOUSING.THE ORGANIZATION ALSO PROVIDES EDUCATIONAL OPPORTUNITIES TO AGENTS AND OWNERS TO SOLVE COMMON MANAGEMENT PROBLEMS AND TO HELP THEM FULFILL THEIR RESPONSIBILITIES TO THEIR AFFORDABLE HOUSING RESIDENTS AND TO STRIVE TO IMPROVE THE QUALITY OF THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL OPPORTUNITIES TO AGENTS AND OWNERS TO SOLVE COMMON MANAGEMENT PROBLEMS AND TO HELP THEM FULFILL THEIR RESPONSIBILITIES TO RESIDENTS OF AFFORDABLE HOUSING. THIS IS ACCOMPLISHED THROUGH SEMINARS, TRAININGS & MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Aldinger President | OfficerTrustee | 3 | $0 |
Gabriela Chavez Vice President | OfficerTrustee | 1 | $0 |
Debbie Atilano Vice President | OfficerTrustee | 1 | $0 |
Sarah Furchtenicht Vice President | OfficerTrustee | 1 | $0 |
Carey Heyman Secretary/treasurer | OfficerTrustee | 3 | $0 |
Anthony Sandoval Past President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sterling Strategic Management Management Fees | 12/30/15 | $159,559 |
Marriott Hotel Services Inc Dba Los An Seminar/tradeshow Expense | 12/30/15 | $168,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $441,942 |
| Investment income | $51 |
| 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 | $458,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,609 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $215,207 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,691 |
| Office expenses | $17,050 |
| Information technology | $1,491 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,883 |
| All other expenses | $0 |
| Total functional expenses | $413,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,307 |
| Savings and temporary cash investments | $463,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $645,888 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $250,293 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $395,595 |
| Total liabilities and net assets/fund balances | $645,888 |
Grants Awarded
Over the last fiscal year, Affordable Housing Management Association has awarded $37,609 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: FOR ACADEMIC AND VOCATIONAL SCHOLARSHIP AWARDS | $30,000 |
Alexandria, VA PURPOSE: SUPPORT FOR THE FALL CONFERENCE GALA | $7,609 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Affordable Housing Management Association has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |