Affordable Community Housing Trust
- Assets
- $10.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 167
- Location
- Edmond, OK
- Founding
- 12/1990
- Data as of
- 05/2023
- EIN
- 94-3130134
Organization Overview
Affordable Community Housing Trust is located in Edmond, OK. The organization was established in 1990. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 05/2023, Affordable Community Housing Trust employed 167 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 05/2023, Affordable Community Housing Trust generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $11.9m during the year ending 05/2023. 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 PROVIDES SENIORS AFFORDABLE HOUSING AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SENIORS AFFORDABLE HOUSING AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Paden President | OfficerTrustee | 0 | $0 |
Scott Overbey Secretary/treasurer | OfficerTrustee | 0 | $0 |
Steve Chrisman Director | Trustee | 0 | $0 |
Phil Rapp Director | Trustee | 0 | $0 |
Ron Johnston Director | Trustee | 0 | $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 | $4,672,822 |
| 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 | $4,672,822 |
| 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 | $1,852,957 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,458 |
| Payroll taxes | $176,516 |
| Fees for services: Management | $310,280 |
| Fees for services: Legal | $72,976 |
| 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 | $0 |
| Advertising and promotion | $116,471 |
| Office expenses | $73,328 |
| 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 | $1,840,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,978,498 |
| Insurance | $261,551 |
| All other expenses | $309,429 |
| Total functional expenses | $11,945,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,873 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $197,028 |
| 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 | $277,150 |
| Net Land, buildings, and equipment | $9,440,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $602,129 |
| Total assets | $10,611,005 |
| Accounts payable and accrued expenses | $33,635,700 |
| Grants payable | $0 |
| Deferred revenue | $4,518 |
| 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 | $27,534,693 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $997,133 |
| Total liabilities | $62,172,044 |
| Net assets without donor restrictions | -$51,561,039 |
| 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 | $10,611,005 |