Alabama Affordable Housing Association
- Assets
- $179.7k
- Revenue
- $567.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Tuscaloosa, AL
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 63-0978860
Organization Overview
Alabama Affordable Housing Association is located in Tuscaloosa, AL. The organization was established in 2001. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Alabama Affordable Housing Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Affordable Housing Association 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 12/2021, Alabama Affordable Housing Association generated $567.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $475.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON INTEREST OF THOSE INVOLVED IN THE DEVELOPMENT & MANAGEMENT OF RURAL MULTI-FAMILY HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE COMMON INTEREST OF THOSE INVOLVED IN THE DEVELOPMENT & MANAGEMENT OF RURAL MULTI-FAMILY HOUSING.
TO PROMOTE THE COMMON INTEREST OF THOSE INVOLVED IN THE DEVELOPMENT & MANAGEMENT OF RURAL MULTI-FAMILY HOUSING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Bomar Secretary | Officer | $0 | |
Fred Bennett Vice-Preside | Officer | $0 | |
Gary Hall President | Officer | $0 | |
Justin Heberling Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,596 |
| 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 | $14,596 |
| Total Program Service Revenue | $552,701 |
| Investment income | $223 |
| 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 | $567,520 |
| 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 | $69,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $252,363 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,898 |
| Office expenses | $20,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,612 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,553 |
| Total functional expenses | $475,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,455 |
| 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 | $179,679 |
| Accounts payable and accrued expenses | $475 |
| Grants payable | $0 |
| Deferred revenue | $66,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,109 |
| Total liabilities | $69,584 |
| Net assets without donor restrictions | $110,095 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $179,679 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alabama Affordable Housing Association has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Deo Volente Auburn, AL PURPOSE: TO SUPPORT CHARITABLE ACTIVITIES OF ORGANIZATION | $5,000 |
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|---|---|---|
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Examination Board Of Professional Home Inspectors Tallahassee, FL | $5,345,523 | $1,943,441 |
Florida Coalition For Children Inc Tallahassee, FL | $1,555,554 | $863,225 |
Georgia Restaurant Association Inc Atlanta, GA | $602,441 | $1,026,551 |
American Council Of Engineering Companies Of Florida Tallahassee, FL | $1,789,901 | $1,007,540 |
Independent Electrical Contractors Florida East Coast Chapter Riviera Beach, FL | $415,603 | $859,740 |
Georgia Association Of Community Service Boards Inc Savannah, GA | $465,033 | $631,372 |
Transnational Alliance To Combat Illicit Trade Inc Fort Myers, FL | $492,930 | $832,425 |
Alabama Conference Of Educators Birmingham, AL | $816,841 | $818,659 |
Bakery Confectionery Tobacco Workers & Grain Miller Intl Union Memphis, TN | $188,293 | $620,350 |