Affordable Housing Alliance Inc
- Assets
- $23.0m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 134
- Location
- Neptune, NJ
- Founding
- 09/1991
- Data as of
- 12/2021
- 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 (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Affordable Housing Alliance Inc employed 134 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 12/2021, Affordable Housing Alliance Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $13.6m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Moore CEO | OfficerTrustee | 35 | $162,739 |
James W Greer CFO | OfficerTrustee | 35 | $135,405 |
Donna Blaze Former CEO | 35 | $118,019 | |
Jeffrey G Price President | OfficerTrustee | 1.3 | $0 |
Peter Dontas Treasurer | OfficerTrustee | 1.3 | $0 |
Gwen Love Secretary | OfficerTrustee | 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 | $9,610,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,920,329 |
| Total Program Service Revenue | $2,798,116 |
| Investment income | $4,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $190,027 |
| Net Income from Fundraising Events | $16,633 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,041,931 |
| 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. | $416,163 |
| Compensation of current officers, directors, key employees. | $95,718 |
| Compensation to disqualified persons | $3,237,332 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $457,663 |
| Payroll taxes | $364,603 |
| Fees for services: Management | $191,590 |
| Fees for services: Legal | $0 |
| 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 | $196,406 |
| Advertising and promotion | $7,538 |
| Office expenses | $198,836 |
| Information technology | $218,128 |
| Royalties | $0 |
| Occupancy | $1,085,097 |
| Travel | $21,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,250 |
| Payments to affiliates | $109,253 |
| Depreciation, depletion, and amortization | $803,907 |
| Insurance | $304,221 |
| All other expenses | $198,779 |
| Total functional expenses | $13,596,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,717,148 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $378,029 |
| 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 | $38,068 |
| Net Land, buildings, and equipment | $14,951,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,962 |
| Other assets | $899,137 |
| Total assets | $23,008,220 |
| Accounts payable and accrued expenses | $150,605 |
| Grants payable | $0 |
| Deferred revenue | $2,611,630 |
| 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 | $3,536,855 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,560,219 |
| Total liabilities | $17,859,309 |
| Net assets without donor restrictions | $5,148,911 |
| 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 | $23,008,220 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Affordable Housing Alliance Inc has recieved totaling $115,229.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $75,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Oceanfirst Foundation Toms River, NJ PURPOSE: GENERAL OPERATING/FLEXIBLE SUPPORT GRANT | $10,000 |
Amboy Foundation Inc Old Bridge, NJ PURPOSE: NON-PROFIT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $191,922,281 | $44,983,722 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |