Affordable Housing Connections
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 12
- Location
- St Paul, MN
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 41-1680329
Organization Overview
Affordable Housing Connections is located in St Paul, MN. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Affordable Housing Connections employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Connections 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 Connections generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A RESOURCE TO ORGANIZATIONS THAT OPERATE,PRESERVE, AND EXPAND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLIANCE MONITORING: AHC PROVIDES DUE DILIGENCE REPORTS TO LOCAL ALLOCATORS OF SEC. 42 HOUSING TAX CREDITS, TO THE CITIES OF MINNEAPOLIS- SAINT PAUL, AND HENNEPIN COUNTY, DAKOTA COUNTY, RAMSEY COUNTY, WASHINGTON COUNTY, WOODBURY AND ST. LOUIS COUNTY CONSORTIA AS HOME PROGRAM PARTICIPATING JURISDICTIONS (PJ), TO THE CITIES OF MINNEAPOLIS AND SAINT PAUL FOR THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP), TO THE CITY OF EDINA FOR ITS INCLUSIONARY HOUSING POLICY, TO THE CITY OF MINNEAPOLIS FOR THE RENTAL INCLUSIONARY ZONING UNITS, TO THE CITY OF SAINT PAUL FOR ITS CDGB/ESG MONITORING ACTIVITIES, TO KANDIYOHI HRA FOR ITS SEC. 42 HOUSING TAX CREDITS AND TO THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) FOR THE AFFORDABLE HOUSING PROGRAM (AHP). REPORTS ARE BASED ON REVIEW OF OWNER'S ANNUAL COMPLIANCE REPORTS, RANDOMLY SELECTED TENANT FILES AND PHYSICAL INSPECTION OF THE PROPERTY, COMMON AREAS AND SELECTED UNIT INTERIORS. AHC COMPLIANCE WORKLOAD INCLUDED 525 PROJECTS TOTALING 34,235 UNITS DURING CALENDAR YEAR 2021. WORKLOAD IS CENTERED IN THE TWIN CITIES METRO AREA, BUT ALSO INCLUDES PROJECTS IN GREATER MINNESOTA.
EDUCATION AND LEADERSHIP: THROUGH ITS SUBSIDIARY EDUCATION AND LEADERSHIP CENTER, LLC, AHC CONDUCTS TRAINING SESSION TO EDUCATE PROPERTY MANAGERS, SITE MANAGERS, COMPLIANVE OFFICERS, AND OWNERS OF INCOME OR RENT-RESTRICTED RENTAL HOUSING PROJECTS. TRAINING FOCUSES ON PROGRAM COMPLIANCE RELATED TO HUD AND IRS REGULATIONS, POLICIES, AND PROCEDURES. AHC CONDUCTED 2 CLASSROOM SESSION WITH TOTAL ATTENDANCE BY 208 INDIVIDUALS. TRAINING WAS TO INFORM THE OWNERS/MANAGERS OF AFFORDABLE HOUSING PROJECTS WITH SEC. 42 TAX CREDITS AND/OR HOME FUNDING ABOUT THE FEDERAL GOVERNMENT REQUIREMENTS RELATED TO STANDARDS FOR HOUSEHOLD ELIGIBILITY, INCOME AND RENT LIMITS, AND INDUSTRY "BEST PRACTICES" FOR DUE DILIGENCE AND DOCUMENTION. IN COLLABORATION WITH HAMLINE UNIVERSITY (CENTER FOR PUBLIC ADMINISTRATION AND LEADERSHIP), AHC THROUGH ITS ELC DESIGNED AND CONDUCTED A TWO COURSE, 8- CREDIT GRADUATE SCHOOL LEADERSHIP IN AFFORDABLE HOUSING CERTIFICATE PROGRAM THAT MATRICULATED 26 STUDENTS IN COURSE 1 AND GRADUATED 22 STUDENTS WHO COMPLETED BOTH COURSE 1 AND COURSE 2. THE ELC ALSO ADMINISTERED FUNDS FROM DONATIONS AND AWARDED FINANCIAL AID TO STUDENTS WHO MET THE REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyn Burton Executive Di | Officer | 40 | $173,000 |
Daniel Burns Treasurer | OfficerTrustee | 1 | $0 |
Bryan Hartman Secretary | OfficerTrustee | 1 | $0 |
Lorrie Louder Chairperson | OfficerTrustee | 1 | $0 |
Aubrey Albrecht Director | Trustee | 1 | $0 |
Barbara Dacy Director | Trustee | 1 | $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 | $28,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,370 |
| Total Program Service Revenue | $1,555,519 |
| Investment income | $4,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,587,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,940 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,009 |
| Compensation of current officers, directors, key employees. | $27,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $888,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,641 |
| Payroll taxes | $72,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,711 |
| Advertising and promotion | $0 |
| Office expenses | $31,902 |
| Information technology | $10,874 |
| Royalties | $0 |
| Occupancy | $107,795 |
| Travel | $480 |
| 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 | $8,332 |
| Insurance | $15,330 |
| All other expenses | $3,609 |
| Total functional expenses | $1,570,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,813 |
| Savings and temporary cash investments | $846,456 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,142 |
| Total assets | $1,472,080 |
| Accounts payable and accrued expenses | $6,752 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,752 |
| Net assets without donor restrictions | $1,465,328 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,472,080 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Latino Economic Development Center Saint Paul, MN | $11,641,082 | $19,528,644 |
Madonna Towers Of Rochester Inc Minneapolis, MN | $26,340,928 | $16,247,801 |
Hearth Connection Saint Paul, MN | $2,283,440 | $14,314,767 |
Aptiv Incorporated La Crosse, WI | $4,803,038 | $12,027,224 |
Wayside House Inc St Louis Park, MN | $4,548,768 | $9,185,572 |
Good Shepherd Lutheran Home Rushford, MN | $5,235,289 | $7,321,984 |
Central Iowa Shelter & Services Des Moines, IA | $16,046,844 | $7,232,062 |
Partnership Resources Inc Minneapolis, MN | $2,279,751 | $4,670,067 |
Eastwood Of Ames Inc Spencer, IA | $21,177,734 | $3,310,260 |
Willis Dady Emergency Shelter Inc Cedar Rapids, IA | $7,658,344 | $4,943,373 |
Titonka Community Rest Home Inc Titonka, IA | $1,173,392 | $2,166,094 |