Affordable Housing Management Foundation
- Assets
- $631.8k
- Revenue
- $49.5k
- Investments
- $614.8k
- Employees
- 0
- Location
- Harbor Springs, MI
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 36-3633079
Organization Overview
Affordable Housing Management Foundation is located in Harbor Springs, MI. The organization was established in 1989. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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 Management Foundation 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 Management Foundation generated $49.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $41.0k during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Titcomb Pres/dir | 2 | $0 | |
Carol A Titcomb Sec/dir | 2 | $0 | |
Wendy E Allen Vp/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,501 |
| Capital Gain Net Income | $43,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,625 |
| Printing and publications | $0 |
| Other expenses | $792 |
| Total operating and administrative expenses | $4,417 |
| Contributions, gifts, grants paid | $36,540 |
| Total expenses and disbursements | $40,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,989 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $614,808 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $631,797 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Affordable Housing Management Foundation has awarded $36,540 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
NW HABITAT FOR HUMANITY PURPOSE: LOW INCOME HOUSING | $25,000 |
Longmont, CO PURPOSE: ABUSED HORSES | $5,250 |
HORSES NORTH RESCUE INC PURPOSE: ANIMAL RESCUE | $1,000 |
Petoskey, MI PURPOSE: ABUSED WOMEN | $1,000 |
ACLU PURPOSE: PROTECT LEGAL RIGHTS | $750 |
Harbor Springs, MI PURPOSE: ANIMAL PROTECTION | $670 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Harbor House Ministries Jenison, MI | $5,031,278 | $3,994,152 |
Regina Manor Apartments Inc Toledo, OH | $0 | $7,363 |
Preservation Housing Partners Bloomfield Hills, MI | $17,748,211 | $4,586,755 |
3700 Green Tree Corporation Milwaukee, WI | $10,160,568 | $2,809,473 |
County Corp Dayton, OH | $17,636,660 | $2,191,939 |
Communities First Inc Flint, MI | $33,129,394 | $3,190,948 |