Affordable Community Housing Trust
- Assets
- $6.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 114
- Location
- Edmond, OK
- Founding
- 12/1990
- Data as of
- 12/2021
- EIN
- 94-3130133
Organization Overview
Affordable Community Housing Trust is located in Edmond, OK. The organization was established in 1990. 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. As of 12/2021, Affordable Community Housing Trust employed 114 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Affordable Community Housing Trust 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, Affordable Community Housing Trust generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $3.2m 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 PROVIDE AFFORDABLE HOUSING SERVICES, AND/OR CARE FOR RESIDENTS, WITH PARTICULAR CONCERN FOR THE LOW AND MIDDLE INCOME AMERICANS AND FOR THOSE WHO MAY BE DISADVANTAGED, DISABLED OR HOMELESS AND TO MAKE LOANS OR CONTRIBUTIONS TO OTHER EXEMPT ORGANIZATIONS THAT PROVIDE SIMILAR SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING SERVICES AND/OR CARE FOR RESIDENTS, WITH PARTICULAR CONCERN FOR THE LOW AND MIDDLE INCOME AMERICANS AND FOR THOSE WHO MAY BE DISADVANTAGED, DISABLED, OR HOMELESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Paden President | OfficerTrustee | $0 | |
Scott Overbey Secretary/tr | OfficerTrustee | $0 | |
Ron Johnston Director | Trustee | $0 | |
Phillip Rapp Director | Trustee | $0 | |
Steve Chrisman Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eleos Property Management Lcc Management Co | 12/30/18 | $141,461 |
Connect Health Professionals Llc Home Healthcare | 12/30/18 | $111,422 |
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 | $2,652,647 |
| Investment income | $0 |
| 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 | $2,689,134 |
| 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 | $1,517,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,060 |
| Payroll taxes | $136,609 |
| Fees for services: Management | $137,271 |
| Fees for services: Legal | $468 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,197 |
| Office expenses | $13,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $170,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,807 |
| Insurance | $126,964 |
| All other expenses | $174,219 |
| Total functional expenses | $3,217,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$65,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,061 |
| 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 | $52,931 |
| Net Land, buildings, and equipment | $6,106,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,085 |
| Total assets | $6,149,448 |
| Accounts payable and accrued expenses | $55,924 |
| 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 | $3,315,598 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,537 |
| Total liabilities | $3,505,059 |
| Net assets without donor restrictions | $2,644,389 |
| 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 | $6,149,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Alamo Area Mutual Housing Association Inc San Antonio, TX | $51,706,215 | $15,020,368 |
Community Development Corporation Of Brownsville Inc Brownsville, TX | $63,084,439 | $14,190,282 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |