Saratoga Affordable Housing Group Inc

Organization Overview

Saratoga Affordable Housing Group Inc is located in Saratoga Springs, NY. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Affordable Housing Group 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 06/2022, Saratoga Affordable Housing Group Inc generated $493.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $602.2k during the year ending 06/2022. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY INNOVATIVE HOUSING FOR FAMILIES IN NEED, PROMOTE OPPORTUNITIES FOR SELF-SUFFICIENCY AND ECONOMIC INDEPENDENCE AND BUILD A THRIVING COMMUNITY FOR THE CITY OF SARATOGA SPRINGS, NY AND SARATOGA COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXEMPT PURPOSE IS FOR AFFORDABLE HOUSING FOR LOW-INCOME PEOPLE, 24 2- BEDROOM UNITS PLUS A ONE FAMILY HOUSE WERE PURCHASED TO PROVIDE QUALITY, INNOVATIVE HOUSING FOR FAMILIES IN NEED, PROMOTE OPPORTUNITIES FOR SELF- SUFFICIENCY AND ECONOMIC INDEPENDENCE AND BUILD A THRIVING COMMUNITY FOR THE CITY OF SARATOGA SPRINGS, NY AND SARATOGA COUNTY. 15 MORE 1-BEDROOM AND 3-BEDROOM UNITS OPENED FOR RENT IN PRIOR YEARS.


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Board, Officers & Key Employees

Name (title)Compensation
Rocco Ferraro
President
$0
Lucile Lucas
Vice Preside
$0
Cindy Philips
Secretary/tr
$0
Charla Commins
Board Member
$0
Ann Bullock
Board Member
$0
Fran Dingeman
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $72,624
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$72,624
Total Program Service Revenue$413,569
Investment income $353
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 $493,115

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