Affordable Housing Accreditation Board
- Assets
- $113.9k
- Revenue
- $425.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Cheshire, CT
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-4458654
Organization Overview
Affordable Housing Accreditation Board is located in Cheshire, CT. The organization was established in 2015. According to its NTEE Classification (L05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Affordable Housing Accreditation Board employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Accreditation Board 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 Accreditation Board generated $425.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $390.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH STANDARDS AND DESIGN AND OPERATE AN ACCREDITATION SYSTEM BY WHICH OWNERS AND MANAGERS OF AFFORDABLE HOUSING CAN BE EVALUATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AHAB CONDUCTED EVALUATION AND SITE VISITS UTILIZING THE ENDORSED INDUSTRY STANDARDS AND NEWLY DEVELOPED ACCREDITATION SYSTEM. THE COMPREHENSIVE REVIEW RESULTED IN CONFORMING NATIONAL ACCREDITATION ON FOUR (4) AFFORDABLE HOUSING ORGANIZATIONS.
AHAB IS WORKING TO PROVIDE INSTITUTIONAL ACCREDITDATION AND INITIATE THE STANDARDS DEVELOPMENT PROCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $374,165 |
| Interest on Savings | $87 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,717 |
| Total Revenue | $424,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $201,429 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $29,918 |
| Interest | $0 |
| Taxes | $2,960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,589 |
| Printing and publications | $0 |
| Other expenses | $13,673 |
| Total operating and administrative expenses | $390,422 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $390,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,142 |
| Savings and temporary cash investments | $52,497 |
| Net Accounts receivable | $2,552 |
| 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 | $36,664 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $113,855 |
| Accounts payable and accrued expenses | $64,403 |
| Grants payable | $0 |
| Deferred revenue | $21,017 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,420 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Affordable Housing Accreditation Board has recieved totaling $320,000.
| Awarding Organization | Amount |
|---|---|
Housing Authority Insurance Inc Cheshire, CT PURPOSE: GENERAL SUPPORT OF AHAB'S PROGRAMS AND OPERATIONS, INCLUDING CARRYING OUT ACTIVITIES TO CREATE AN ACCREDITATION SYSTEM FOR PUBLIC AND AFFORDABLE HOUSING. | $320,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Systems Building Research Alliance New York, NY | $3,295,952 | $1,982,698 |
Nantucket Sustainable Development Corporation Nantucket, MA | $324,345 | $641,363 |
Affordable Housing Accreditation Board Cheshire, CT | $113,855 | $424,969 |
Boston Tenant Coalition Inc Boston, MA | $253,865 | $183,240 |
Connecticut Housing Coalition Inc Wethersfield, CT | $0 | $40,281 |
Gotham Housing Coalition Inc New York, NY | $36,446 | $0 |