Affordable Housing Institute
- Assets
- $2.4m
- Revenue
- $2.1m
- Investments
- $536.1k
- Employees
- 5
- Location
- Boston, MA
- Founding
- 09/2003
- Data as of
- 06/2023
- EIN
- 92-0185895
Organization Overview
Affordable Housing Institute is located in Boston, MA. The organization was established in 2003. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Affordable Housing Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Institute 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 06/2023, Affordable Housing Institute generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 8.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HELPS PEOPLE CREATE, IMPROVE, SUSTAIN AND PRESERVE AFFORDABLE HOUSING LEADING TO URBAN DEVELOPMENT, REGENERATION AND STABILIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED FOR CONSULTING WITH VARIOUS AGENCIES TO CREATE, IMPROVE AND SUSTAIN AFFORDABLE HOUSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Smith Director, CEO | Trustee | 40 | $0 |
Reese Fayde Treasurer | OfficerTrustee | 18 | $0 |
Catherine Racer Director | Trustee | 18 | $0 |
Tim Palmer Board President | OfficerTrustee | 18 | $0 |
Joseph L Flatley Clerk | OfficerTrustee | 18 | $0 |
M Emre Camlibel Director | Trustee | 18 | $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 | $1,283,166 |
| Noncash contributions included in lines 1a–1f | $502,631 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,283,166 |
| Total Program Service Revenue | $822,038 |
| Investment income | $5,271 |
| 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 | $2,110,475 |
| 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 | $363,779 |
| Pension plan accruals and contributions | $6,757 |
| Other employee benefits | $39,318 |
| Payroll taxes | $28,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,736 |
| Fees for services: Accounting | $51,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $606,290 |
| Advertising and promotion | $0 |
| Office expenses | $15,870 |
| Information technology | $26,021 |
| Royalties | $0 |
| Occupancy | $117,690 |
| Travel | $68,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,234 |
| Interest | $45,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,239 |
| Insurance | $9,895 |
| All other expenses | $3,179 |
| Total functional expenses | $1,646,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,880 |
| 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 | $18,639 |
| Net Land, buildings, and equipment | $6,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $536,052 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,559 |
| Total assets | $2,429,135 |
| Accounts payable and accrued expenses | $43,556 |
| 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 | $1,557,337 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,600,893 |
| Net assets without donor restrictions | -$509,284 |
| Net assets with donor restrictions | $1,337,526 |
| 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 | $2,429,135 |