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 12/2021, Brittany Place generated $784.7k 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 (10.0%) each year. All expenses for the organization totaled $885.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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
John Sower
Director
$2,000
Wilbur Dove
President
$0
Clare R Dove
Secretary
$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 $774,604
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,098
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $784,702

Grants Awarded

Over the last fiscal year, Affordable Housing Corporation has awarded $870,000 in support to 2 organizations.

Grant RecipientAmount

SHENANDOAH UNIVERSITY

Org PageRecipient Profile

Winchester, VA

PURPOSE: CHARITABLE

$500,000

COALITION FOR HOUSING OPPORTUNITIES INC

Org PageRecipient Profile

Winchester, VA

PURPOSE: CHARITABLE

$370,000
View Grant Profile

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