Affordable Housing Education And Development Inc

Organization Overview

Affordable Housing Education And Development Inc is located in Littleton, NH. The organization was established in 1992. 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. As of 12/2020, Affordable Housing Education And Development Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Education And Development 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 12/2020, Affordable Housing Education And Development Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 3.5% 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.

Since 2018, Affordable Housing Education And Development Inc has awarded 12 individual grants totaling $2,299,720. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

AHEAD CREATES PATHWAYS TO SAFE, AFFORDABLE HOUSING WHICH STRENGTHENS AND REVITALIZES RURAL COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROPERTY MANAGEMENT - AHEAD OWNS AND MANAGES A PORTFOLIO OF LOW/MODERATE INCOME RENTAL PROPERTIES IN NINE NORTHERN NEW HAMPSHIRE COMMUNITIES AND TWO NORTHERN VERMONT COMMUNITIES.


HOUSING DEVELOPMENT - AHEAD ACQUIRES AND REHABILITATES PRIMARILYSUBSTANDARD RENTAL HOUSING INTO QUALITY AFFORDABLE HOUSING, AND ALSOCONSTRUCTS NEW AFFORDABLE RENTAL HOUSING. AHEAD INTENDS TO KEEP THISHOUSING AVAILABLE AND AFFORDABLE TO HOUSEHOLDS AT OR BELOW 80% OFMEDIAN INCOME FOR A MINIMUM OF 20 YEARS.


HOMEOWNER AND FORECLOSURE COUNSELING - AHEAD PROVIDES EDUCATION AND COUNSELING SERVICES TO PREPARE INDIVIDUALS FOR HOMEOWNERSHIP AND/OR FINANCIAL STABILITY.


PROPERTY MANAGEMENT - AHEAD OWNS AND MANAGES A PORTFOLIO OF LOW/MODERATE INCOME RENTAL PROPERTIES IN NINE NORTHERN NEW HAMPSHIRE COMMUNITIES AND TWO NORTHERN VERMONT COMMUNITIES.


HOUSING DEVELOPMENT - AHEAD ACQUIRES AND REHABILITATES PRIMARILYSUBSTANDARD RENTAL HOUSING INTO QUALITY AFFORDABLE HOUSING, AND ALSOCONSTRUCTS NEW AFFORDABLE RENTAL HOUSING. AHEAD INTENDS TO KEEP THISHOUSING AVAILABLE AND AFFORDABLE TO HOUSEHOLDS AT OR BELOW 80% OFMEDIAN INCOME FOR A MINIMUM OF 20 YEARS.


HOMEOWNER AND FORECLOSURE COUNSELING - AHEAD PROVIDES EDUCATION AND COUNSELING SERVICES TO PREPARE INDIVIDUALS FOR HOMEOWNERSHIP AND/OR FINANCIAL STABILITY.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Claflin
Executive Director
$102,296
Martha Mcleod
President
$0
Peter Corey
Vice-President
$0
Mark Macdonald
Secretary
$0
Christine Jessen
Treasurer
$0
Barbara Ashley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $314,000
All other contributions, gifts, grants, and similar amounts not included above$979,960
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,293,960
Total Program Service Revenue$1,626,480
Investment income $8,001
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,757
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $110,000
Miscellaneous Revenue$0
Total Revenue $3,045,198

Grants Awarded

Over the last fiscal year, Affordable Housing Education And Development Inc has awarded $219,020 in support to 10 organizations.

Grant RecipientAmount

LITTLETON TOWN AND COUNTRY FAMILY HOUSING INC

Org PageRecipient Profile

Littleton, NH

PURPOSE: General Support

$31,514

LITTLETON TOWN AND COUNTRY FAMILY HOUSING INC

Org PageRecipient Profile

Littleton, NH

PURPOSE: General Support

$31,514

COMMUNITY LIVING AT LLOYD'S HILLS LIMITED PARTNERSHIP

PURPOSE: General Support

$31,469

COMMUNITY LIVING AT LLOYD'S HILLS LIMITED PARTNERSHIP

PURPOSE: General Support

$31,469

SENIOR LIVING AT NOTRE DAME LIMITED PARTNERSHIP

PURPOSE: General Support

$25,527

SENIOR LIVING AT NOTRE DAME LIMITED PARTNERSHIP

PURPOSE: General Support

$25,527
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Affordable Housing Education And Development Inc has recieved totaling $83,603.

Awarding OrganizationAmount
New Hampshire Charitable Foundation

Concord, NH

PURPOSE: For general support, management of savings account program, COVID support

$83,483
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$120
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$905,590
Earnings$80,059
Net Contributions$214,242
Other Expense$212,573
Ending Balance$987,318

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