Fort Worth Affordability Inc

Organization Overview

Fort Worth Affordability Inc is located in Fort Worth, TX. The organization was established in 2008. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Fort Worth Affordability 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 12/2021, Fort Worth Affordability Inc generated $2.3m in total revenue.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING COMMUNITY WELFARE BY PROVIDING AFFORDABLE HOUSING IN FORT WORTH AND TARRANT COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FORT WORTH AFFORDABILITY, INC. (FWAI) FINANCES THE DEVELOPMENT AND REHABILITATION OF SOME OF THE PROPERTIES UNDER THE FORT WORTH HOUSING SOLUTIONS' PORTFOLIO. FWAI ALSO SERVES AS OWNER OF SPRING HILL APARTMENTS, SPRING GLEN APARTMENTS, CARLYLE CROSSING APARTMENTS, HILLSIDE APARTMENTS, AND OVERTON PARK TOWNHOMES.


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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$2,095,702
Investment income $203,753
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,000
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 $2,300,455

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