Affordable Housing Corporation

Organization Overview

Affordable Housing Corporation, operating under the name Brittany Place, is located in Winchester, VA. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brittany Place 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 12/2023, Brittany Place generated $617.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $67.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (26.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY AS A CHARITABLE ORGANIZATION TO CONSTRUCT, DEVELOP, ACQUIRE, RENOVATE, MANAGE AND OPERATE LOW INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, QUALIFIED HOUSING FOR MENTALLY AND PHYSICALLY DISABLED PERSONS, AND QUALIFIED HOUSING FOR ELDERLY PERSONS WITHIN THE UNITED STATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY AS A CHARITABLE ORGANIZATION TO CONSTRUCT, DEVELOP, ACQUIRE, RENOVATE, MANAGE AND OPERATE LOW INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, QUALIFIED HOUSING FOR MENTALLY AND PHYSICALLY DISABLED PERSONS, AND QUALIFIED HOUSING FOR ELDERLY PERSONS WITHIN THE UNITED STATES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary
$0
Name Not Listed
President
$0
Name Not Listed
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $618,198
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$350
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $617,848

Grants Awarded

Over the last fiscal year, Affordable Housing Corporation has awarded $55,000 in support to 2 organizations.

Grant RecipientAmount

SHENANDOAH UNIVERSITY

PURPOSE: Charitable

$50,000

NATIONAL COALITION FOR HOUSING OPPORTUNITIES INC

PURPOSE: Charitable

$5,000
View Grant Profile

Peer Organizations

Organization NameAssets
Appalachia Service Project Inc
Johnson City, TN
$11,655,631
Redwood Housing Inc
North Bethesda, MD
$9,748,902
Habitat For Humanity International Inc
Asheville, NC
$11,274,861
National Association Of Housing & Redevelopment Officials
Washington, DC
$8,266,904
Habitat For Humanity International Inc
Newport News, VA
$8,507,261
Chisom Housing Group
Washington, DC
$8,003,392
Habitat For Humanity International Inc
Richmond, VA
$7,408,897
District Alliance For Safe Housing Inc
Washington, DC
$12,116,344
Community Housing Partnership Of Williamson County
Franklin, TN
$9,094,900
True Ground Housing Partners
Arlington, VA
$20,138,513
United Housing Inc
Memphis, TN
$8,634,919
Chemung View Housing Inc
North Bethesda, MD
$8,326,428
Casa
Raleigh, NC
$9,762,684
Cape Fear Habitat For Humanity Inc
Wilmington, NC
$6,836,565
Housing Development Alliance Inc
Hazard, KY
$6,464,588
Habitat For Humanity International Inc
Winstonsalem, NC
$6,396,678
Habitat For Humanity International Inc
Alexandria, VA
$2,340,852
Breakthrough Corporation
Knoxville, TN
$5,713,897
Habitat For Humanity International Inc
Washington, DC
$8,980,279
The Works Inc
Memphis, TN
$40,214,549
Habitat For Humanity International Inc
Silver Spring, MD
$6,090,013
Urban Renaissance Partners Inc
Memphis, TN
$4,096,068
Southside Community Development And Housing Corporation
Richmond, VA
$4,453,510
Habitat For Humanity International Inc
Bel Air, MD
$4,509,782
Greensboro Housing Coalition Inc
Greensboro, NC
$5,162,851

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