Affordable Housing Development Corp is located in Boynton Beach, FL. The organization was established in 1997. 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 Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATELY LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RESIDENTIAL UNITS AT A RENT WHICH IS LOWER THAN THE USUAL MARKET RATE TO LOW AND MODERATELY LOW-INCOME FAMILIES. THE ORGANIZATION OWNS 71 SUCH RENTAL UNITS. EXPENSES INCURRED ARE INCIDENTAL TO PROVIDING HOUSING FACILITIES LIKE MAINTENANCE, REPAIRS, MANAGEMENT FEES, INTEREST, TAXES, UTILITIES ETC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Vito R Difronzo President | Officer | 15 | $0 |
Frank Mossucco Director, Treasurer | Trustee | 0.1 | $0 |
Barry Eisenson Director | Trustee | 0.1 | $0 |
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 | $530,190 |
Investment income | $4,605 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $14,170 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $548,965 |
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 | $111,158 |
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 | $4,098 |
Advertising and promotion | $0 |
Office expenses | $2,902 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $71,718 |
Travel | $87 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $87,603 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $131,867 |
Insurance | $41,546 |
All other expenses | $823 |
Total functional expenses | $535,398 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $308,110 |
Savings and temporary cash investments | $321,693 |
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 | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,707,170 |
Investments—publicly traded securities | $0 |
Investments—other securities | $319,129 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,656,102 |
Accounts payable and accrued expenses | $32,371 |
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 | $0 |
Secured mortgages and notes payable | $1,499,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $50,100 |
Total liabilities | $1,581,471 |
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 | $1,074,631 |
Total liabilities and net assets/fund balances | $2,656,102 |
Organization Name | Assets | Revenue |
---|---|---|
Institute For Intergovernmental Research Inc Tallahassee, FL | $7,668,279 | $34,374,531 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Habitat For Humanity Of Lee & Hendry Counties Inc North Fort Myers, FL | $37,502,621 | $24,631,007 |
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |