Affordable Housing Services Corporation
- Assets
- $1.2m
- Revenue
- $22.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fishers, IN
- Founding
- 08/2004
- Data as of
- 12/2020
- EIN
- 56-2410076
Organization Overview
Affordable Housing Services Corporation is located in Fishers, IN. The organization was established in 2004. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, 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. Affordable Housing Services Corporation 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 Services Corporation generated $22.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $6.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
IN TODAY'S WORLD OF TAX CREDITS, AHP GRANTS, HOME GRANTS AND VARIOUS OTHER FUNDING SOURCES, SOCIAL SERVICE COMMITMENTS HAVE BECOME AN INCREASINGLY COMPLEX TOOL TO HELP END THE CIRCLE OF POVERTY FOR MANY LOW-INCOME CITIZENS. IN DOING SO, MANY OWNERS OF THESE PROJECTS HAVE BECOME OVERWHELMED IN THE WEB OF SOCIAL PROGRAMS THEY HAVE CREATED TO MAINTAINING COMPLIANCE WITH ALL OF THE MULTIFAMILY FUNDING PROGRAMS. AFFORDABLE HOUSING SERVICES CORPORATION ("AHSC") IS AN INDIANAPOLIS BASED NON-PROFIT ORGANIZATION WHOSE MISSION IT IS TO PROVIDE NEEDED AND BENEFICIAL EDUCATIONAL SERVICES TO LOW-INCOME TENANTS AND EMPLOYEES (OUR "CLIENTS") WHILE ASSISTING AFFORDABLE HOUSING OWNERS MEET ALL THEIR SOCIAL SERVICE OBLIGATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AHSC WORKS WITH DEVELOPERS AND OWNERS TO DESIGN SOCIAL SERVICE PROGRAMS FOR THEIR PROJECTED CLIENT BASE OR REVIVE STAGNANT PROGRAMS. THE TWO TYPES OF PROGRAMS ARE THE DESIGN PROGRAM AND THE COMPLIANCE PROGRAM. EACH IS APPLICABLE AT DIFFERENT STAGES OF A PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Riddle Treasurer | OfficerTrustee | 1 | $0 |
Daniel D Hubbard President | OfficerTrustee | 1 | $0 |
Andrea De-Mink Kauffman Secretary | OfficerTrustee | 1 | $0 |
James Wilson Director | Trustee | 1 | $0 |
Dawn Miles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $22,073 |
| 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 | $22,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,128,814 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,411 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,155,325 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $31,329 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,329 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,123,996 |
| Total liabilities and net assets/fund balances | $1,155,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fv Services Inc St Louis, MO | $7,345,629 | $6,995,820 |
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 |
St Clare Management Inc Milwaukee, WI | $646,064 | $1,339,320 |
Ibb Local Lodge Number One Training And Education Fund St Charles, IL | $1,364,026 | $1,121,730 |
Saint Louis City Continuum Of Care Saint Louis, MO | $151,351 | $211,491 |
Affordable Housing Services Corporation Fishers, IN | $1,155,325 | $22,073 |
Plymouth Place Holdings Inc Lagrange, IL | $0 | $0 |