Federation Of Appalachian Housing Enterprises Inc
- Assets
- $115.0m
- Revenue
- $24.9m
- Investments
- $148.0k
- Employees
- 98
- Location
- Berea, KY
- Founding
- 11/1980
- Data as of
- 06/2023
- EIN
- 31-0986871
Organization Overview
Federation Of Appalachian Housing Enterprises Inc is located in Berea, KY. The organization was established in 1980. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Federation Of Appalachian Housing Enterprises Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Appalachian Housing Enterprises 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 06/2023, Federation Of Appalachian Housing Enterprises Inc generated $24.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $19.6m during the year ending 06/2023. While expenses have increased by 16.0% 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.
Since 2015, Federation Of Appalachian Housing Enterprises Inc has awarded 299 individual grants totaling $17,623,101. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAHE BRINGS PEOPLE, ORGANIZATIONS, AND RESOURCES TOGETHER TO BUILD HOMES, COMMUNITIES, AND A THRIVING APPALACHIA THROUGH EXPANDING ECONOMIC OPPORTUNITY AND SECURITY FOR ALL. AS LEADERS WE SPEAK WITH A UNIFIED VOICE TO INFLUENCE POLICY, PHILANTHROPY, AND SYSTEMS CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC PROGRAMS CONNECTS DIFFERENT ORGANIZATIONS TO SPECIALIZED RESOURCES THAT WILL HELP EXPAND THEIR PROJECTS AND IMPROVE THE QUALITY OF LIFE IN THEIR COMMUNITIES. THIS TEAM MANAGES GRANT FUNDED PROGRAMS SUCH AS THE KENTUCKY ACCESS TO RECOVERY PROGRAM AND PARTNERS FOR RURAL TRANSFORMATION.
COMMUNITY LENDING SERVICES - FAHE COUPLES A COMMUNITY LOAN FUND WITH OUTSTANDING LENDING EXPERTISE TO FACILITATE THE FLOW OF IMPACTFUL PRIVATE AND PUBLIC INVESTMENTS INTO HOUSING AND COMMUNITY DEVELOPMENT PROJECTS ACROSS THE REGION.
HOME LENDING - JUSTCHOICE LENDING (JCL) IS A FULL-SERVICE MORTGAGE LENDER THAT STRENGTHENS COMMUNITIES BY CREATING SUCCESSFUL HOMEOWNERS. JUSTCHOICE WAS THE FIRST NONPROFIT THIRD PARTY ORIGINATOR FOR FREEDOM AND HAS BEEN INSTRUMENTAL IN CREATING A NATIONAL NONPROFIT PACKAGING SYSTEM FOR USDA RURAL DEVELOPMENT 502 DIRECT LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Dickson At Large Seat | Trustee | 1 | $0 |
Andy Kegley Va Caucus Representative | Trustee | 1 | $0 |
Aron Boldog Al Caucus Representative | Trustee | 1 | $0 |
Christal Crouso Wv Caucus Representative | Trustee | 1 | $0 |
Diane N Loeffler At Large Seat | Trustee | 1 | $0 |
Donna Gambrell At Large Seat | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vaco Llc Temp. Staffing Services | 6/29/23 | $110,495 |
Browncow Technology Ltd It Services | 6/29/23 | $100,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,044,986 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,482,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,554,008 |
| Total Program Service Revenue | $5,052,124 |
| Investment income | $277,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,889,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,769,568 |
| 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. | $909,579 |
| Compensation of current officers, directors, key employees. | $38,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,766,636 |
| Pension plan accruals and contributions | $105,223 |
| Other employee benefits | $764,582 |
| Payroll taxes | $430,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,181 |
| Fees for services: Accounting | $48,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,075,094 |
| Advertising and promotion | $49,649 |
| Office expenses | $328,539 |
| Information technology | $122,787 |
| Royalties | $0 |
| Occupancy | $56,090 |
| Travel | $90,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,391 |
| Interest | $1,644,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,711 |
| Insurance | $69,310 |
| All other expenses | $51,563 |
| Total functional expenses | $19,640,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,084,638 |
| Savings and temporary cash investments | $23,223,361 |
| Pledges and grants receivable | $842,938 |
| Accounts receivable, net | $1,217,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $78,308,254 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $112,276 |
| Net Land, buildings, and equipment | $2,974,966 |
| Investments—publicly traded securities | $112,400 |
| Investments—other securities | $147,967 |
| Investments—program-related | $0 |
| Intangible assets | $138,952 |
| Other assets | $825,557 |
| Total assets | $114,989,190 |
| Accounts payable and accrued expenses | $943,553 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $801,911 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $160,000 |
| Secured mortgages and notes payable | $65,500,001 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,530,430 |
| Total liabilities | $71,938,395 |
| Net assets without donor restrictions | $30,404,675 |
| Net assets with donor restrictions | $12,646,120 |
| 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 | $114,989,190 |
Grants Awarded
Over the last fiscal year, Federation Of Appalachian Housing Enterprises Inc has awarded $7,559,865 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
OXFORD HOUSE KING PURPOSE: PROVIDING HOUSING RENT PAYMENTS FOR INDIVIDUALS RECOVERING FROM SUD | $9,575 |
APPALACHIAN COMMUNITY ACTION AGENCY (APPCAA) PURPOSE: GRANT FOR PARTICIPATION IN SEVERAL HEALTH/WELLNESS WORKING GROUPS AND ALSO TRAVEL FUNDS | $23,300 |
BEACON HOUSE AFTERCARE INC PURPOSE: PROVIDING HOUSING RENT PAYMENTS FOR INDIVIDUALS RECOVERING FROM SUD | $35,668 |
GOODWILL INDUSTRIES OF KENTUCKY INC PURPOSE: PROVIDING BASIC NEEDS SERVICES FOR INDIVDUALS RECOVERING FROM SUD | $25,509 |
HOPE ENTERPRISE CORPORATION PURPOSE: SUPPORT FOR THE PARTNERS FOR RURAL TRANSFORMATION PROGRAM | $1,150,480 |
JEFF BRANDENBURG PURPOSE: PROVIDING HOUSING REPAIR SERVICES FOR INDIVIDUALS RECOVERING FROM SUD | $7,500 |