Ahc Inc
- Assets
- $323.5m
- Revenue
- $34.7m
- Investments
- $0.0
- Employees
- 103
- Location
- Arlington, VA
- Founding
- 08/1976
- Data as of
- 12/2022
- EIN
- 54-1026365
Organization Overview
Ahc Inc is located in Arlington, VA. The organization was established in 1976. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Ahc Inc employed 103 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ahc 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 12/2022, Ahc Inc generated $34.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $36.3m during the year ending 12/2022. While expenses have increased by 4.9% 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.
Since 2020, Ahc Inc has awarded 16 individual grants totaling $461,048. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AHC'S MISSION IS TO BUILD, PRESERVE AND PROVIDE HIGH QUALITY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
MULTIFAMILY HOUSING DEVELOPMENT - AHC, INC. TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC, INC. CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND PAIR THEM WITH LIFE-CHANGING PROGRAMS FOR RESIDENTS. AHC, INC.'S PORTFOLIO INCLUDES 53 MULTIFAMILY COMMUNITIES PROVIDES OVER 7,800 HOMES, MOST OF THEM AFFORDABLE RENTAL UNITS, IN VIRGINIA, MARYLAND, AND THE DISTRICT OF COLUMBIA.
SINGLE FAMILY HOME OWNERSHIP PROGRAMS - FUNDING FOR THE ACQUSITION, SUBSTANTIAL RENOVATION AND MAINTENANCE OF HOUSES IN TARGET AREAS & ELIGIBLE LOW INCOME PERSONS.
MULTIFAMILY HOUSING DEVELOPMENT - AHC, INC. TAKES A HOLISTIC APPROACH TO AFFORDABLE HOUSING. AHC, INC. CREATES INNOVATIVE REAL ESTATE DEVELOPMENT/ACQUISITION STRATEGIES AND PAIR THEM WITH LIFE-CHANGING PROGRAMS FOR RESIDENTS. AHC, INC.'S PORTFOLIO INCLUDES 53 MULTIFAMILY COMMUNITIES PROVIDES OVER 7,800 HOMES, MOST OF THEM AFFORDABLE RENTAL UNITS, IN VIRGINIA, MARYLAND, AND THE DISTRICT OF COLUMBIA.
SINGLE FAMILY HOME OWNERSHIP PROGRAMS - FUNDING FOR THE ACQUSITION, SUBSTANTIAL RENOVATION AND MAINTENANCE OF HOUSES IN TARGET AREAS & ELIGIBLE LOW INCOME PERSONS.
PROFESSIONAL SERVICES - AHC, INC. HAS AN IN-HOUSE DIVISION THAT PROVIDES MISSION-DRIVEN EXPERTISE AND PROFESSIONAL SERVICES. THESE INCLUDE REAL ESTATE DEVELOPMENT, ASSET AND CONSTRUCTION MANAGEMENT, AND ADMINISTRATIVE SERVICES THAT GENERATE EARNED INCOME, ASSESS THE HEALTH OF OUR PROPERTIES, WORK WITH PROPERTY MANAGEMENT COMPANIES, AND SUPPORT THE NONPROFIT SUBSIDIARY AHC GREATER BALTIMORE.
PROFESSIONAL SERVICES - AHC, INC. HAS AN IN-HOUSE DIVISION THAT PROVIDES MISSION-DRIVEN EXPERTISE AND PROFESSIONAL SERVICES. THESE INCLUDE REAL ESTATE DEVELOPMENT, ASSET AND CONSTRUCTION MANAGEMENT, AND ADMINISTRATIVE SERVICES THAT GENERATE EARNED INCOME, ASSESS THE HEALTH OF OUR PROPERTIES, WORK WITH PROPERTY MANAGEMENT COMPANIES, AND SUPPORT THE NONPROFIT SUBSIDIARY AHC GREATER BALTIMORE.
COMMUNITY RELATIONS AND RESIDENT SERVICES - AHC, INC.'S NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS, EDUCATION/YOUTH DEVELOPMENT, AND COMMUNITY BUILDING/ENGAGEMENT. AHC, INC.'S COMMUNITY RELATIONS (CR) DIVISION PROVIDES COMMUNICATIONS, FUNDRAISING, AND COMMUNITY BUILDING/ENGAGEMENT SERVICES THAT ADVANCE AHC, INC.'S MISSION AND CONTRIBUTE TO COMMUNITY UNDERSTANDING OF AFFORDABLE HOUSING AND RELATED ISSUES. AHC, INC. IS COMMITTED TO ADVANCING DIVERSITY, EQUITY AND INCLUSION, SEEKING RESIDENT INPUT, AND ELEVATING RESIDENT AGENCY.
COMMUNITY RELATIONS AND RESIDENT SERVICES - AHC, INC.'S NATIONALLY RECOGNIZED RESIDENT SERVICES DIVISION WORKS WITH RESIDENTS IN FOUR MAIN PROGRAM AREAS: FINANCIAL RESILIENCE, HEALTH/WELLNESS, EDUCATION/YOUTH DEVELOPMENT, AND COMMUNITY BUILDING/ENGAGEMENT. AHC, INC.'S COMMUNITY RELATIONS (CR) DIVISION PROVIDES COMMUNICATIONS, FUNDRAISING, AND COMMUNITY BUILDING/ENGAGEMENT SERVICES THAT ADVANCE AHC, INC.'S MISSION AND CONTRIBUTE TO COMMUNITY UNDERSTANDING OF AFFORDABLE HOUSING AND RELATED ISSUES. AHC, INC. IS COMMITTED TO ADVANCING DIVERSITY, EQUITY AND INCLUSION, SEEKING RESIDENT INPUT, AND ELEVATING RESIDENT AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Yeatman Assistant Treasurer & CFO | OfficerTrustee | 30 | $275,734 |
Paul Bernard President & CEO | OfficerTrustee | 30 | $224,463 |
Jennifer Endo Assistant Secretary & VP | OfficerTrustee | 40 | $191,624 |
Susan Cunningham Former President & CEO (4/22) | OfficerTrustee | 40 | $136,529 |
Ginger Brown Chair | OfficerTrustee | 1 | $0 |
Terron Sims Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bonstra Haresign Architects Llp Architect | 12/30/22 | $606,740 |
Page Southerland Page Inc Architect & Design | 12/30/22 | $219,913 |
Shulman Rogers Law Services | 12/30/22 | $173,311 |
Sc&h Group Inc Accounting | 12/30/22 | $221,915 |
Cunningham & Quill Architects Architect | 12/30/22 | $154,049 |
Bonstra Haresign Architects Llp Architect | 12/30/22 | $606,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,702,473 |
| Government grants | $284,024 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,049,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,036,051 |
| Total Program Service Revenue | $28,046,074 |
| Investment income | $326,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,695,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,371 |
| 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. | $2,864,927 |
| Compensation of current officers, directors, key employees. | $738,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,085,941 |
| Pension plan accruals and contributions | $241,697 |
| Other employee benefits | $687,703 |
| Payroll taxes | $507,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $453,167 |
| Fees for services: Accounting | $300,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $724,906 |
| Advertising and promotion | $237,565 |
| Office expenses | $665,837 |
| Information technology | $382,644 |
| Royalties | $0 |
| Occupancy | $13,069,203 |
| Travel | $32,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $751,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,361,376 |
| Insurance | $139,821 |
| All other expenses | $1,482,834 |
| Total functional expenses | $36,255,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,051,364 |
| Savings and temporary cash investments | $11,709,340 |
| Pledges and grants receivable | $164,076 |
| Accounts receivable, net | $1,427,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $53,370,171 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $329,286 |
| Net Land, buildings, and equipment | $172,725,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,450,043 |
| Intangible assets | $0 |
| Other assets | $49,241,082 |
| Total assets | $323,468,241 |
| Accounts payable and accrued expenses | $7,548,721 |
| Grants payable | $0 |
| Deferred revenue | $11,488,234 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $658,070 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $168,272,488 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,949,466 |
| Total liabilities | $189,916,979 |
| Net assets without donor restrictions | $133,315,674 |
| Net assets with donor restrictions | $235,588 |
| 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 | $323,468,241 |
Grants Awarded
Over the last fiscal year, Ahc Inc has awarded $200,742 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AHC LIMITED PARTNERSHIP - 14 PURPOSE: TENANT SUBSIDIES | $11,158 |
FHG LIMITED PARTNERSHIP PURPOSE: TENANT SUBSIDIES | $26,586 |
AHC LIMITED PARTNERSHIP - 23 PURPOSE: TENANT SUBSIDIES | $8,358 |
AHC LIMITED PARTNERSHIP - 22 PURPOSE: TENANT SUBSIDIES | $54,269 |
AHC LIMITED PARTNERSHIP - 14 PURPOSE: TENANT SUBSIDIES | $11,158 |
FHG LIMITED PARTNERSHIP PURPOSE: TENANT SUBSIDIES | $26,586 |