Albany Area Housing Opportunities Inc
- Assets
- $144.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 14-1635255
Organization Overview
Albany Area Housing Opportunities Inc is located in Albany, NY. The organization was established in 1982. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Albany Area Housing Opportunities 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 12/2023, Albany Area Housing Opportunities Inc generated $86.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $139.0k during the year ending 12/2023. While expenses have increased by 7.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVISION OF SAFE, REASONABLE AND AFFORDABLE HOUSING TO ECONOMICALLY ELIGIBLE TENANTS. APPROXIMATE NUMBER OF TENANTS SERVED IS 16.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannibal Galin President | 1 | $0 | |
Richard M Brash Treasurer | 0.5 | $0 | |
Paul Kruger Secretary | 1 | $0 | |
Alan Ray Board Member | 0.25 | $0 | |
Mandisa Mckenzie Board Member | 0.25 | $0 | |
Anthony Mariano Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $79,405 |
| Membership dues | $0 |
| Investment income | $1,604 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,009 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,657 |
| Professional fees and other payments to independent contractors | $7,504 |
| Occupancy, rent, utilities, and maintenance | $79,408 |
| Printing, publications, postage, and shipping | $188 |
| Other expenses | $10,205 |
| Total expenses | $138,962 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,577 |
| Other assets | $0 |
| Total assets | $144,262 |
| Total liabilities | $29,999 |
| Net assets or fund balances | $114,263 |