Ahc Inc

Organization Overview

Ahc Inc is located in Arlington, VA. The organization was established in 1976. 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 12/2021, Ahc Inc employed 93 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ahc 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, Ahc Inc generated $33.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $29.3m during the year ending 12/2020. While expenses have increased by 2.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

AHC'S MISSION IS TO BUILD, PRESERVE AND PROVIDE HIGH QUALITY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MULTIFAMILY HOUSING DEVELOPMENT - AHC, INC. TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC, INC. CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND PAIR THEM WITH LIFE-CHANGING PROGRAMS FOR RESIDENTS. AHC, INC.'S PORTFOLIO INCLUDES 53 MULTIFAMILY COMMUNITIES PROVIDES OVER 7,800 HOMES, MOST OF THEM AFFORDABLE RENTAL UNITS, IN VIRGINIA, MARYLAND, AND THE DISTRICT OF COLUMBIA.


PROFESSIONAL SERVICES - AHC, INC. HAS AN IN-HOUSE DIVISION THAT PROVIDES MISSION-DRIVEN EXPERTISE AND PROFESSIONAL SERVICES. THESE INCLUDE REAL ESTATE DEVELOPMENT, ASSET AND CONSTRUCTION MANAGEMENT, AND ADMINISTRATIVE SERVICES THAT GENERATE EARNED INCOME, ASSESS THE HEALTH OF OUR PROPERTIES, WORK WITH PROPERTY MANAGEMENT COMPANIES, AND SUPPORT THE NONPROFIT SUBSIDIARY AHC GREATER BALTIMORE.


COMMUNITY RELATIONS AND RESIDENT SERVICES - AHC, INC.'S NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS, EDUCATION/YOUTH DEVELOPMENT, AND COMMUNITY BUILDING/ENGAGEMENT. AHC, INC.'S COMMUNITY RELATIONS (CR) DIVISION PROVIDES COMMUNICATIONS, FUNDRAISING, AND COMMUNITY BUILDING/ENGAGEMENT SERVICES THAT ADVANCE AHC, INC.'S MISSION AND CONTRIBUTE TO COMMUNITY UNDERSTANDING OF AFFORDABLE HOUSING AND RELATED ISSUES. AHC, INC. IS COMMITTED TO ADVANCING DIVERSITY, EQUITY AND INCLUSION, SEEKING RESIDENT INPUT, AND ELEVATING RESIDENT AGENCY.


SINGLE FAMILY HOME OWNERSHIP PROGRAMS - FUNDING FOR THE ACQUSITION, SUBSTANTIAL RENOVATION AND MAINTENANCE OF HOUSES IN TARGET AREAS & ELIGIBLE LOW INCOME PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Smith
Executive VP
$467,832
Carlton Miller
Vp, Construction
$342,244
Walter D Webdale
President Until 05/21
$277,256
John Welsh
Vp, Multifamily Division
$255,558
Alan I Goldstein
Vp, Real Estate Development
$253,288
Michael Werner
Senior Vp, Prop. Mngmt Until 05/21
$253,137

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Marc & Sam Llc
Residential Construction
$391,770
Access Demolition Contracting
Demolition
$199,856
Bonstra Haresign Architects Llp
Architect
$1,027,482
Shulman Rogers
Law Services
$149,636
Sc&h Group Inc
Accounting
$200,115
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $361,354
All other contributions, gifts, grants, and similar amounts not included above$2,092,263
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,453,617
Total Program Service Revenue$30,235,629
Investment income $642,301
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 $33,394,070

Grants Awarded

Over the last fiscal year, Ahc Inc has awarded $131,521 in support to 4 organizations.

Grant RecipientAmount

AHC LIMITED PARTNERSHIP - 22

PURPOSE: TENANT SUBSIDIES

$60,409

FHG LIMITED PARTNERSHIP

PURPOSE: TENANT SUBSIDIES

$42,432

AHC LIMITED PARTNERSHIP - 14

PURPOSE: TENANT SUBSIDIES

$19,128

AHC LIMITED PARTNERSHIP - 23

PURPOSE: TENANT SUBSIDIES

$9,552
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Ahc Inc has recieved totaling $1,649,377.

Awarding OrganizationAmount
Arlington Housing Corporation Service Corporation

Arlington, VA

PURPOSE: TO SUPPORT ORGANIZATION'S PROGRAM SERVICE ACCOMPLISHMENT.

$1,600,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$30,000
$10,000
Community First-Americas Charities

Chantilly, VA

PURPOSE: GENERAL SUPPORT

$9,377
View Grant Recipient Profile

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