Affordable Housing Developers Incorporated
- Assets
- $9.2m
- Revenue
- $977.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Dickinson, ND
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 45-0448222
Organization Overview
Affordable Housing Developers Incorporated is located in Dickinson, ND. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Affordable Housing Developers Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Developers Incorporated 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 Developers Incorporated generated $977.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $745.0k during the year ending 12/2021. While expenses have increased by 7.7% 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
HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS IN NORTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING DEVELOPERS DEVELOPS MULTI-FAMILY HOUSING PROJECTS FOR LOW TO MODERATE INCOME HOUSEHOLDS THROUGHOUT NORTH DAKOTA. IN ADDITION, AHDI MAY PURCHASE AND/OR REHABILITATE AFFORDABLE HOUSING PROPERTIES AT RISK OF BEING LOST TO THE AFFORDABLE HOUSING INDUSTRY.
AHDI OWNS 4 MULTI-FAMILY HOUSING PROPERTIES WITH 56 UNITS LOCATED IN WILLISTON, RUGBY, MANDAN, AND HEBRON.
AHDI MANAGES 7 MULTI-FAMILY HOUSING PROPERTIES WITH 91 UNITS LOCATED IN WILLISTON, RUGBY, MANDAN, HEBRON, NAPOLEON AND ROLLA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Diede Executive Director | Officer | 39.5 | $80,154 |
Ninetta Wandler Secretary/treasurer | OfficerTrustee | 0.5 | $475 |
William Schafer Board Member | Trustee | 0.5 | $475 |
Tori Rohr Vice-President | OfficerTrustee | 0.5 | $380 |
Brandon Reems Board Member | Trustee | 0.5 | $380 |
Fred Browning Board Member | Trustee | 0.5 | $380 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Dakota Enterprises Construction Services | 12/30/20 | $333,045 |
Hulsing And Associates Architectural Services | 12/30/20 | $102,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $463,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,304 |
| Total Program Service Revenue | $521,576 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $977,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $87,150 |
| Compensation of current officers, directors, key employees. | $36,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,509 |
| Pension plan accruals and contributions | $2,919 |
| Other employee benefits | $29,116 |
| Payroll taxes | $14,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,967 |
| Fees for services: Accounting | $20,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,334 |
| Advertising and promotion | $949 |
| Office expenses | $17,740 |
| Information technology | $1,580 |
| Royalties | $0 |
| Occupancy | $86,035 |
| Travel | $11,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,483 |
| Interest | $75,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,622 |
| Insurance | $40,618 |
| All other expenses | $1,955 |
| Total functional expenses | $745,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686,043 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,774 |
| Accounts receivable, net | $8,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,664,959 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,009 |
| Net Land, buildings, and equipment | $4,270,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $177,883 |
| Intangible assets | $0 |
| Other assets | $305,870 |
| Total assets | $9,176,011 |
| Accounts payable and accrued expenses | $207,350 |
| Grants payable | $0 |
| Deferred revenue | $8,947 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $24,497 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,701,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,941,957 |
| Net assets without donor restrictions | $3,172,054 |
| Net assets with donor restrictions | $62,000 |
| 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 | $9,176,011 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Affordable Housing Developers Incorporated has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: LOW-INCOME HOUSING RENOVATIONS | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Home Ownership Center St Paul, MN | $17,549,875 | $3,064,242 |
Land Bank Twin Cities Inc St Anthony, MN | $25,684,992 | $6,229,470 |
Habitat For Humanity International Inc Helena, MT | $3,811,576 | $3,802,213 |
American Indian Community Housing Organization Duluth, MN | $7,296,736 | $3,254,073 |
World Learner School Of Chaska Chaska, MN | $2,061,201 | $2,337,089 |
Mano A Mano International Partners St Paul, MN | $4,322,951 | $3,022,158 |
Habitat For Humanity International Inc Billings, MT | $5,334,368 | $2,087,483 |
Matrix Housing Services Minneapolis, MN | $403,720 | $1,901,879 |
Neighborhood Housing Services Inc Of Great Falls Great Falls, MT | $21,066,500 | $2,909,802 |
Minnesota Waste Wise Foundation St Paul, MN | $2,409,302 | $2,247,790 |
Communityworks North Dakota Mandan, ND | $15,119,919 | $2,854,575 |
Habitat For Humanity International Inc Moorhead, MN | $4,190,882 | $1,798,676 |