Foundation For Affordable Housing Inc

Organization Overview

Foundation For Affordable Housing Inc is located in Bend, OR. The organization was established in 1990. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Foundation For Affordable 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 12/2021, Foundation For Affordable Housing Inc generated $24.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $10.9m during the year ending 12/2021. While expenses have increased by 25.1% 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.

Since 2014, Foundation For Affordable Housing Inc has awarded 13 individual grants totaling $1,932,723. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE SAFE, COMFORTABLE, HIGH-QUALITY, AFFORDABLE HOMES FOR VERY-LOW INCOME SENIOR CITIZENS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING - PROVIDED 1,910 UNITS OF SAFE AND AFFORDABLE HOUSING FOR LOW INCOME SENIOR CITIZENS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Shipman & Wright Llp
Legal Services
$187,500
Wick Phillips Gould & Martin Llp
Legal Services
$848,123
Sureharbor Llc
Accounting Services
$384,000
Townsend Interiors Llc
Interior Design
$116,649
Base Tactical Disaster Recovery Inc
Casualty Repairs
$471,349
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,423,311
All other contributions, gifts, grants, and similar amounts not included above$82
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,423,393
Total Program Service Revenue$2,507,906
Investment income $424,945
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $18,036
Net Gain/Loss on Asset Sales $19,729,150
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,103,430

Grants Awarded

Over the last fiscal year, Foundation For Affordable Housing Inc has awarded $125,000 in support to 2 organizations.

Grant RecipientAmount

THE CHANGE REACTION

Org PageRecipient Profile

Sherman Oaks, CA

PURPOSE: ANGEL FUND

$100,000

Bend, OR

PURPOSE: GENERAL CONTRIBUTIONS PAID

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foundation For Affordable Housing Inc has recieved totaling $87.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$87
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Marys Woods At Marylhurst Inc
Lake Oswego, OR
$44,154,309
Mira Bella
Seattle, WA
$31,331,607
Humangood Fresno
Duarte, CA
$30,814,211
Mirabella At South Waterfront
Portland, OR
$25,337,918
Humangood Nevada
Duarte, CA
$27,024,940
Dallas Mennonite Retirement Community Inc
Dallas, OR
$25,845,409
Humangood Idaho
Duarte, CA
$17,990,575
Lutheran Retirement Home Of Greater Seattle Inc
Seattle, WA
$21,992,663
Asian Pacific Health Care Venture Inc
Los Angeles, CA
$29,795,515
Hollenbeck Palms
Los Angeles, CA
$22,351,666
Foss Home & Villiage
Seattle, WA
$20,550,514
899 Charleston
Palo Alto, CA
$17,017,896

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