Affordable Housing Initiatives
- Assets
- $1.2m
- Revenue
- $29.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Waite Park, MN
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 27-4393012
Organization Overview
Affordable Housing Initiatives is located in Waite Park, MN. The organization was established in 2014. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, 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. Affordable Housing Initiatives 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, Affordable Housing Initiatives generated $29.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $19.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AFFORDABLE HOUSING AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF AFFORDABLE HOUSING AND RELATED SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Belisle President | OfficerTrustee | 0.5 | $0 |
Peter Fuchsteiner Secretary | OfficerTrustee | 0.5 | $0 |
Jim Sand Treasurer | OfficerTrustee | 0.5 | $0 |
Jeffrey Rieder Board Member | Trustee | 0.5 | $0 |
Matt Lovitz Board Member | Trustee | 0.5 | $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 | $0 |
| Investment income | $8,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,212 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10 |
| Information technology | $36 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $644 |
| All other expenses | $0 |
| Total functional expenses | $19,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $138,660 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $961,448 |
| Intangible assets | $0 |
| Other assets | $76,946 |
| Total assets | $1,216,506 |
| Accounts payable and accrued expenses | $785 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300,785 |
| Net assets without donor restrictions | $0 |
| 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 | $915,721 |
| Total liabilities and net assets/fund balances | $1,216,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Fair Housing Center Wheaton, IL | $1,642,512 | $793,358 |
Rogers Park Community Development Corporation Chicago, IL | $936,489 | $434,319 |
Trinity Housing Resources Inc Madison, WI | $4,566,644 | $455,391 |
Housing Information Center Of Kansas City Kansas City, MO | $44,011 | $237,476 |
Acts Lending Inc Milwaukee, WI | $4,550,532 | $702,006 |
Newport Reno Supportive Housing Inc St Paul, MN | $3,404,939 | $161,511 |
Community Resolution Center Flint, MI | $201,389 | $191,659 |