Affordable Housing Partnership Of The Capital Region Inc
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Albany, NY
- Founding
- 04/1994
- Data as of
- 04/2023
- EIN
- 14-1724900
Organization Overview
Affordable Housing Partnership Of The Capital Region Inc is located in Albany, NY. The organization was established in 1994. As of 04/2023, Affordable Housing Partnership Of The Capital Region Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Partnership Of The Capital Region 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 04/2023, Affordable Housing Partnership Of The Capital Region Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.2m during the year ending 04/2023. While expenses have increased by 12.0% per year over the past 6 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
STRENGTHEN NEIGHBORHOODS AND THE FINANCIAL INDEPENDENCE OF RESIDENTS THROUGH ADVISEMENT, FINANCIAL RESOURCES, COMMUNITY ORGANIZING AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNSELING- THE AFFORDABLE HOUSING PARTNERSHIP (AHP) PROVIDES HOUSING COUNSELING SERVICES TO FIRST-TIME HOMEBUYERS AND EXISTING HOMEOWNERS. SERVICES ARE PROVIDED THROUGH INDIVIDUAL ADVISEMENT AND GROUP WORKSHOPS. FOR FIRST-TIME BUYERS, AHP PROVIDES MORTGAGE AND GRANT PRE-QUALIFICATION COUNSELING, CREDIT ADVICE, BUDGET COUNSELING, AND EDUCATION. AHP ALSO SERVES AS A CLEARINGHOUSE OF INFORMATION ON DOWN PAYMENT ASSISTANCE PROGRAMS, ENERGY EFFICIENCY PROGRAMS AND AFFORDABLE HOUSING PROJECTS. AHP PARTNERS WITH THE ALBANY COMMUNITY LAND TRUST (ACLT) AND OFFERS ITS BUYERS FINANCIAL COUNSELING AND ASSISTANCE. OVER 500 HOUSEHOLDS ATTENDED GROUP WORKSHOPS DURING THE YEAR. AHP COUNSELED NEARLY 358 NEW FIRST TIME HOME BUYER CLIENTS AND 96 MORTGAGE DEFAULT CLIENTS.
ACLT - AHP SHARES STAFF AND OFFICE SPACE/EQUIPMENT WITH THE ALBANY COMMUNITY LAND TRUST (ACLT), AN INDEPENDENT NONPROFIT ORGANIZATION THAT PROVIDES COMPLEMENTARY HOUSING DEVELOPMENT AND PROPERTY MANAGEMENT PROGRAMS. AHP IS THE EMPLOYER OF RECORD AND IS REIMBURSED BY ACLT FOR THE COST OF STAFF AND OVERHEAD EXPENSES.
ENERGY - AHP PROVIDES OUTREACH AND ASSISTANCE TO LOW INCOME HOMEOWNERS APPLYING FOR A NYSERDA HOME ENERGY ASSESSMENT AND FINANCING TO COMPLETE HOME ENERGY IMPROVEMENTS. IN CONJUNCTION WITH THIS, AHP MANAGES A HOME REPAIR PROGRAM. ADDITIONALLY, AHP IS IMPLEMENTING A ROOFTOP SOLAR PROGRAM FOR LOW INCOME HOMEOWNERS USING PROGRAM FUNDS FROM NYSERDA. AHP ASSISTED OVER 70 HOUSEHOLDS WITH ENERGY EFFICIENCY PROJECTS DURING THE YEAR.
COMMUNITY DEVELOPMENT - AHP HAS DEVELOPED A REVITALIZATION PLAN FOR THE SHERIDAN HOLLOW NEIGHBORHOOD SURROUNDING ITS OFFICE ON ORANGE STREET. PLANNING WORK WILL BE COMPLETED BY AHP STAFF AS WELL AS SUBCONTRACTED EXPERT CONSULTANTS. AHP HAS SUPPORTED THE SHERIDAN HOLLOW NEIGHBORHOOD ASSOCIATION AS THEY HAVE WORKED TO BRING LOCAL AND STATE RESOURCES TO THIS NEIGHBORHOOD WHERE 45% OF THE HOUSEHOLDS LIVE BELOW THE POVERTY LEVEL. AHP FACILITATED MONTHLY NEIGHBORHOOD ASSOCIATION MEETINGS FOR FEEDBACK ON THE PLANNING EFFORTS COORDINATED BY AHP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kennedy Member | Trustee | 0.5 | $0 |
Tom Poitras Member | Trustee | 0.5 | $0 |
Valerie Alexander Member | Trustee | 0.5 | $0 |
Bob Maclasco Member | Trustee | 0.5 | $0 |
Lisa Jones Member | Trustee | 0.5 | $0 |
Ellen Steinfeld Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $894,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,376 |
| Total Program Service Revenue | $197,428 |
| Investment income | $439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,598 |
| 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 | $1,197,084 |
| 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. | $57,545 |
| Compensation of current officers, directors, key employees. | $5,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,997 |
| Pension plan accruals and contributions | $13,495 |
| Other employee benefits | $42,591 |
| Payroll taxes | $36,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $29,337 |
| Advertising and promotion | $11,048 |
| Office expenses | $10,437 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,394 |
| Travel | $505 |
| 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 | $402 |
| Insurance | $5,007 |
| All other expenses | $6,751 |
| Total functional expenses | $1,190,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,641 |
| Savings and temporary cash investments | $132,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $828,933 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,950 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,901 |
| Total assets | $1,206,398 |
| Accounts payable and accrued expenses | $234,502 |
| Grants payable | $0 |
| Deferred revenue | $266,522 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,508 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $529,482 |
| Net assets without donor restrictions | $650,115 |
| Net assets with donor restrictions | $26,801 |
| 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 | $1,206,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Initiatives Development Corporation Bronx, NY | $2,366,680 | $4,803,772 |
Long Island Housing Services Inc Bohemia, NY | $1,855,848 | $2,258,620 |
Affordable Housing Partnership Of The Capital Region Inc Albany, NY | $1,206,398 | $1,197,084 |
Fair Housing Council Of Northern New Jersey Hackensack, NJ | $434,090 | $764,151 |
Massachusetts Fair Housing Center Inc Holyoke, MA | $395,892 | $647,075 |
Community House At St Thomas Corporation Perth Amboy, NJ | $212,513 | $0 |
Bridge East 5 Corporation New York, NY | $1,833,346 | $72,849 |