Affordable Housing Alliance Inc
- Assets
- $24.0m
- Revenue
- $12.7m
- Investments
- $2.4m
- Employees
- 124
- Location
- Neptune, NJ
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 22-3114280
Organization Overview
Affordable Housing Alliance Inc is located in Neptune, NJ. The organization was established in 1991. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Affordable Housing Alliance Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Alliance Inc 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 12/2022, Affordable Housing Alliance Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $12.8m during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING AND COUNSELING SERVICES TO THOSE IN NEED IN THE STATE OF NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AFFORDABLE HOUSING ALLIANCE SERVES THE SPECIAL NEEDS OF INDIVIDUALS BY ACQUIRING, DEVELOPING, AND MANAGING HOUSING AND RELATED FACILITIES.
ADMINISTERS STATE-WIDE PROGRAM WITH THE BOARD OF PUBLIC UTILITIES FOR EMERGENCY ENERGY RELIEF NAMED PAYMENT ASSISTANCE FOR GAS AND ELECTRIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Dontas Treasurer | OfficerTrustee | 1.3 | $0 |
Warren Sidosky CFO | OfficerTrustee | 35 | $74,668 |
J Randy Bishop Chair | OfficerTrustee | 1.3 | $0 |
Maria Messano Trustee | Trustee | 1.3 | $0 |
Dyese Davis Vice Chair | OfficerTrustee | 1.3 | $0 |
Anthony Privetera Trustee | Trustee | 1.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R & G Paving Inc Paving | 12/30/21 | $139,000 |
Twin Lights Group It Consultants | 12/30/21 | $134,773 |
Tad Landscape & Design Landscape | 12/30/21 | $111,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,129,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,517,984 |
| Total Program Service Revenue | $2,703,063 |
| Investment income | $4,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$86,318 |
| Net Income from Fundraising Events | $23,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,663,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $4,098,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $497,553 |
| Payroll taxes | $389,050 |
| Fees for services: Management | $186,449 |
| Fees for services: Legal | $279,421 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,168 |
| Office expenses | $492,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,308,649 |
| Travel | $45,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $153,732 |
| Payments to affiliates | $155,250 |
| Depreciation, depletion, and amortization | $815,885 |
| Insurance | $322,725 |
| All other expenses | $53,356 |
| Total functional expenses | $12,754,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,036,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,776 |
| 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 | $14,395,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,409,624 |
| Investments—program-related | $0 |
| Intangible assets | $21,907 |
| Other assets | $959,035 |
| Total assets | $24,007,239 |
| Accounts payable and accrued expenses | $95,197 |
| Grants payable | $0 |
| Deferred revenue | $3,875,058 |
| 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 | $3,367,156 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,611,762 |
| Total liabilities | $18,949,173 |
| Net assets without donor restrictions | $5,058,066 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,007,239 |