Affordable Housing Association Of Arkansas
- Assets
- $242.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Siloam Springs, AR
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 58-1824749
Organization Overview
Affordable Housing Association Of Arkansas is located in Siloam Springs, AR. The organization was established in 1989. 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. Affordable Housing Association Of Arkansas is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Affordable Housing Association Of Arkansas generated $123.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $134.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INFORMATION WAS SHARED BY EMAIL ABOUT CHANGES IN THE INDUSTRY. LEASES WERE AVAILABLE FOR MEMBERS TO USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arby Smith President | 10 | $0 | |
Rhonda Nicholson Vice President | 10 | $0 | |
Thom Embach Sect Treasure | 10 | $0 | |
Russ Altizer Member | 10 | $0 | |
Lori Stewart Member | 10 | $0 | |
Annette Cowen Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $81,325 |
| Membership dues | $38,380 |
| Investment income | $4,040 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,745 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $38,500 |
| Occupancy, rent, utilities, and maintenance | $888 |
| Printing, publications, postage, and shipping | $4,560 |
| Other expenses | $90,913 |
| Total expenses | $134,861 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $242,202 |
| Other assets | $0 |
| Total assets | $242,202 |
| Total liabilities | $0 |
| Net assets or fund balances | $242,202 |