Affordable Housing Education And Development Inc
- Assets
- $10.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 34
- Location
- Littleton, NH
- Founding
- 07/1992
- Data as of
- 12/2020
- EIN
- 22-3159643
Organization Overview
Affordable Housing Education And Development Inc is located in Littleton, NH. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Affordable Housing Education And Development Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Education And Development 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 12/2020, Affordable Housing Education And Development Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 3.5% per year over the past 6 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.
Since 2018, Affordable Housing Education And Development Inc has awarded 12 individual grants totaling $2,299,720. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AHEAD CREATES PATHWAYS TO SAFE, AFFORDABLE HOUSING WHICH STRENGTHENS AND REVITALIZES RURAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT - AHEAD OWNS AND MANAGES A PORTFOLIO OF LOW/MODERATE INCOME RENTAL PROPERTIES IN NINE NORTHERN NEW HAMPSHIRE COMMUNITIES AND TWO NORTHERN VERMONT COMMUNITIES.
HOUSING DEVELOPMENT - AHEAD ACQUIRES AND REHABILITATES PRIMARILYSUBSTANDARD RENTAL HOUSING INTO QUALITY AFFORDABLE HOUSING, AND ALSOCONSTRUCTS NEW AFFORDABLE RENTAL HOUSING. AHEAD INTENDS TO KEEP THISHOUSING AVAILABLE AND AFFORDABLE TO HOUSEHOLDS AT OR BELOW 80% OFMEDIAN INCOME FOR A MINIMUM OF 20 YEARS.
HOMEOWNER AND FORECLOSURE COUNSELING - AHEAD PROVIDES EDUCATION AND COUNSELING SERVICES TO PREPARE INDIVIDUALS FOR HOMEOWNERSHIP AND/OR FINANCIAL STABILITY.
PROPERTY MANAGEMENT - AHEAD OWNS AND MANAGES A PORTFOLIO OF LOW/MODERATE INCOME RENTAL PROPERTIES IN NINE NORTHERN NEW HAMPSHIRE COMMUNITIES AND TWO NORTHERN VERMONT COMMUNITIES.
HOUSING DEVELOPMENT - AHEAD ACQUIRES AND REHABILITATES PRIMARILYSUBSTANDARD RENTAL HOUSING INTO QUALITY AFFORDABLE HOUSING, AND ALSOCONSTRUCTS NEW AFFORDABLE RENTAL HOUSING. AHEAD INTENDS TO KEEP THISHOUSING AVAILABLE AND AFFORDABLE TO HOUSEHOLDS AT OR BELOW 80% OFMEDIAN INCOME FOR A MINIMUM OF 20 YEARS.
HOMEOWNER AND FORECLOSURE COUNSELING - AHEAD PROVIDES EDUCATION AND COUNSELING SERVICES TO PREPARE INDIVIDUALS FOR HOMEOWNERSHIP AND/OR FINANCIAL STABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Claflin Executive Director | Officer | 40 | $102,296 |
Peter Corey Vice-President | OfficerTrustee | 0.5 | $0 |
Mark Macdonald Secretary | OfficerTrustee | 0.5 | $0 |
Martha Mcleod President | OfficerTrustee | 0.5 | $0 |
Christine Jessen Treasurer | OfficerTrustee | 0.5 | $0 |
Barbara Ashley Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $314,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $979,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,293,960 |
| Total Program Service Revenue | $1,626,480 |
| Investment income | $8,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $110,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,045,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,510 |
| Grants and other assistance to domestic individuals. | $150,161 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,795 |
| Compensation of current officers, directors, key employees. | $133,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,198,853 |
| Pension plan accruals and contributions | $71,107 |
| Other employee benefits | $223,630 |
| Payroll taxes | $79,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $70,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,826 |
| Advertising and promotion | $11,657 |
| Office expenses | $91,398 |
| Information technology | $32,401 |
| Royalties | $0 |
| Occupancy | $127,794 |
| Travel | $56,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,407 |
| Interest | $84,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,056 |
| Insurance | $29,438 |
| All other expenses | $0 |
| Total functional expenses | $2,725,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,543 |
| Savings and temporary cash investments | $210,211 |
| Pledges and grants receivable | $57,716 |
| Accounts receivable, net | $515,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,247,012 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,295 |
| Net Land, buildings, and equipment | $572,634 |
| Investments—publicly traded securities | $413,698 |
| Investments—other securities | $0 |
| Investments—program-related | $801,245 |
| Intangible assets | $0 |
| Other assets | $1,854,680 |
| Total assets | $9,970,385 |
| Accounts payable and accrued expenses | $201,337 |
| Grants payable | $0 |
| Deferred revenue | $21,130 |
| 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 | $2,040,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $224,790 |
| Total liabilities | $2,487,365 |
| Net assets without donor restrictions | $6,199,572 |
| Net assets with donor restrictions | $1,283,448 |
| 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 | $9,970,385 |
Grants Awarded
Over the last fiscal year, Affordable Housing Education And Development Inc has awarded $219,020 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Littleton, NH PURPOSE: General Support | $31,514 |
Littleton, NH PURPOSE: General Support | $31,514 |
COMMUNITY LIVING AT LLOYD'S HILLS LIMITED PARTNERSHIP PURPOSE: General Support | $31,469 |
COMMUNITY LIVING AT LLOYD'S HILLS LIMITED PARTNERSHIP PURPOSE: General Support | $31,469 |
SENIOR LIVING AT NOTRE DAME LIMITED PARTNERSHIP PURPOSE: General Support | $25,527 |
SENIOR LIVING AT NOTRE DAME LIMITED PARTNERSHIP PURPOSE: General Support | $25,527 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Affordable Housing Education And Development Inc has recieved totaling $83,603.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, management of savings account program, COVID support | $83,483 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $120 |
Endowment Analysis
| Beg. Balance | $905,590 |
| Earnings | $80,059 |
| Net Contributions | $214,242 |
| Other Expense | $212,573 |
| Ending Balance | $987,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Avesta Housing Management Corporation Portland, ME | $3,765,380 | $8,258,375 |
Hearth Inc Boston, MA | $12,790,165 | $7,949,326 |
Springhouse Inc Boston, MA | $37,736,932 | $9,492,146 |