American Village Communities Inc
- Assets
- $15.0m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 74-3008137
Organization Overview
American Village Communities Inc is located in Fairfax, VA. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Village Communities 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 12/2021, American Village Communities Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND VERY LOW-INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND VERY LOW-INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brant Baber Pres/treas/director | OfficerTrustee | 15 | $0 |
Katherine Kalinowski Vice President/secretary | Officer | 12 | $0 |
Samuel Carnes Director | Trustee | 0.5 | $0 |
Tiffany Theiss Director | Trustee | 0.5 | $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 | $3,791,611 |
| Investment income | $15,508 |
| 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 | $7,566,152 |
| 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 | $443,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,743 |
| Payroll taxes | $39,333 |
| Fees for services: Management | $161,368 |
| Fees for services: Legal | $21,937 |
| Fees for services: Accounting | $15,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,063 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,784 |
| Office expenses | $53,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,191,434 |
| Travel | $1,010 |
| 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 | $563,273 |
| Insurance | $10,455 |
| All other expenses | $51,177 |
| Total functional expenses | $3,363,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,153 |
| Savings and temporary cash investments | $3,818,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,622 |
| 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 | $224,502 |
| Net Land, buildings, and equipment | $10,222,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $216,050 |
| Other assets | $200,315 |
| Total assets | $15,020,871 |
| Accounts payable and accrued expenses | $55,463 |
| Grants payable | $0 |
| Deferred revenue | $154,721 |
| 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 | $13,929,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,600 |
| Total liabilities | $14,262,118 |
| Net assets without donor restrictions | $758,753 |
| 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 | $15,020,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nht Communities Washington, DC | $154,306,300 | $20,911,703 |
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD | $50,852,875 | $6,368,087 |
Affordable Housing Opportunities Inc Washington, DC | $42,188,796 | $3,175,376 |