Federation Of Applachian Housing Inc
- Assets
- $96.5m
- Revenue
- $12.5m
- Investments
- $102.1k
- Employees
- 72
- Location
- Berea, KY
- Founding
- 11/1980
- Data as of
- 06/2021
- EIN
- 31-0986871
Organization Overview
Federation Of Applachian Housing Inc is located in Berea, KY. The organization was established in 1980. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Federation Of Applachian Housing Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Applachian Housing 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 06/2021, Federation Of Applachian Housing Inc generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $11.3m during the year ending 06/2021. While expenses have increased by 11.1% 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 2015, Federation Of Applachian Housing Inc has awarded 167 individual grants totaling $10,419,429. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 80,000 INDIVIDUALS ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC PROGRAMS - STRATEGIC PROGRAMS, WHAT ONCE HAD BEEN KNOWN AS FAHE CONSULTING CONNECTS DIFFERENT ORGANIZATIONS TO SPECIALIZED RESOURCES THAT WILL HELP TO EXPAND THEIR PROJECTS AND IMPROVE THE QUALITY OF LIFE IN THEIR COMMUNITIES.SUPPORT FOR THIS PROGRAM IS ADDITIONALLY FUNDED THROUGH GRANTS AND CONTRIBUTION REVENUE OF $5,176,117.
COMMUNITY LENDING SERVICES - FAHE COUPLES A COMMUNITY LOAN FUND WITH OUTSTANDING LENDING EXPERTISE TO FACILITATE THE FLOW OF IMPACTFUL PRIVATE AND PUBLIC INVESTMENTS INTO HOUSING AND COMMUNITY DEVELOPMENT PROJECTS ACROSS THE REGION.
SINGLE FAMILY LOAN PORTFOLIO - FAHE MAKES LOANS ON-BALANCE SHEET FOR AFFORDABLE HOUSING AS WELL AS FURTHERING ACCESS TO HOMEOWNERSHIP IN RURAL AREAS.MOST OF THE PROGRAM EXPENSES RELATE TO KY HOME PROGRAM RECAPTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim King President/ceo | Officer | 40 | $175,034 |
Sara Morgan Vice President Of Board | Officer | 40 | $138,497 |
Pam Johnson SVP Of Innovation | 40 | $138,072 | |
Brittney Murphy CFO And Treasurer | Officer | 40 | $126,795 |
Laura Meadows Vice President Of Board | Officer | 40 | $115,467 |
Russell J Estridge SVP Of Development | 40 | $113,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,219,101 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,225,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,470,856 |
| Total Program Service Revenue | $4,855,827 |
| Investment income | $8,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,528,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,230,063 |
| 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. | $862,261 |
| Compensation of current officers, directors, key employees. | $32,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,159,723 |
| Pension plan accruals and contributions | $98,450 |
| Other employee benefits | $480,775 |
| Payroll taxes | $289,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,114 |
| Fees for services: Accounting | $29,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $792,530 |
| Advertising and promotion | $42,501 |
| Office expenses | $212,932 |
| Information technology | $60,900 |
| Royalties | $0 |
| Occupancy | $86,431 |
| Travel | $22,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,277 |
| Interest | $1,183,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,755 |
| Insurance | $58,753 |
| All other expenses | $133,261 |
| Total functional expenses | $11,254,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,226,324 |
| Savings and temporary cash investments | $11,659,422 |
| Pledges and grants receivable | $320,416 |
| Accounts receivable, net | $897,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $71,873,092 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,237 |
| Net Land, buildings, and equipment | $3,066,337 |
| Investments—publicly traded securities | $112,400 |
| Investments—other securities | $102,132 |
| Investments—program-related | $0 |
| Intangible assets | $201,037 |
| Other assets | $929,044 |
| Total assets | $96,510,437 |
| Accounts payable and accrued expenses | $2,191,823 |
| Grants payable | $0 |
| Deferred revenue | $1,270,098 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,052,027 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $160,000 |
| Secured mortgages and notes payable | $54,983,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,474,861 |
| Total liabilities | $64,131,961 |
| Net assets without donor restrictions | $31,778,476 |
| Net assets with donor restrictions | $600,000 |
| 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 | $96,510,437 |
Grants Awarded
Over the last fiscal year, Federation Of Applachian Housing Inc has awarded $974,769 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Silver Spring, MD PURPOSE: PROVIDING RENT PAYMENTS FOR INDIVIDUALS IN RECOVERY FROM SUD | $247,173 |
FREDERICK C RATLIFF DMD PURPOSE: PROVIDING FREE DENTAL SERVICES FOR INDIVIDUALS IN RECOVERY FROM SUD | $98,500 |
Bellflower, CA PURPOSE: FREE NONPROFIT TRAINING SERVICES AND HOUSING SUBSIDY | $65,500 |
Dayton, KY PURPOSE: PROVIDING RENT PAYMENTS FOR INDIVIDUALS IN RECOVERY FROM SUD | $55,850 |
Hazard, KY PURPOSE: HOUSING SUBSIDY PAYMENT AT LOAN CLOSING | $55,330 |
NEW FOUNDATIONS COMMUNITY HOUSING PURPOSE: PROVIDING RENT PAYMENTS FOR INDIVIDUALS IN RECOVERY FROM SUD | $46,950 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Federation Of Applachian Housing Inc has recieved totaling $337,051.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: FINANCE JUSTICE FUND SUBGRANT | $125,000 |
Opportunity Finance Network Philadelphia, PA PURPOSE: CF RELENDING | $100,000 |
National Community Reinvestment Coalition Inc Washington, DC PURPOSE: FIELD EMPOWERMENT FUND | $50,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $37,051 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Applachian Housing Inc Berea, KY | $96,510,437 | $12,528,691 |
Fv Services Inc St Louis, MO | $7,345,629 | $6,995,820 |
Virginia Mennonite Retirement Community Harrisonburg, VA | $42,827,951 | $8,073,755 |
Friendship Senior Options Nfp Schaumburg, IL | $9,017,115 | $7,371,857 |
Bhi Retirement Communities Inc Indianapolis, IN | $75,104,516 | $7,467,607 |
Alliance To End Homelessness In Suburban Cook County Hillside, IL | $1,153,405 | $3,019,162 |
Nho Management Inc Memphis, TN | $6,297,226 | $909,535 |
Virginia Apartment Management Association Richmond, VA | $2,254,574 | $1,543,902 |
Catholic Charities Housing Corporation Cleveland, OH | $7,360,885 | -$1,393,228 |
Ibb Local Lodge Number One Training And Education Fund St Charles, IL | $1,364,026 | $1,121,730 |
Vance Housing Inc Beckley, WV | $629,884 | $114,093 |
Loving Hearts & Caring Hands Inc Madisonville, TN | $1,718 | $0 |