Denton Affordable Housing Corporation

Organization Overview

Denton Affordable Housing Corporation is located in Denton, TX. The organization was established in 1993. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Denton Affordable Housing Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denton Affordable Housing Corporation 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 09/2023, Denton Affordable Housing Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.0m during the year ending 09/2023. While expenses have increased by 5.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

INCREASE THE SUPPLY OF AFFORDABLE HOUSING IN THE DENTON AREA THROUGH ACQUISITION, RENOVATION, CONSTRUCTION, DEVELOPMENT, MANAGEMENT, OPERATION AND MAINTENANCE OF BOTH RENTAL & OWNER-OCCUPIED HOUSING FOR BOTH DISABLED AND HOMELESS INDIVIDUALS WITH LIMITED FINANCIAL MEANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROPERTY MANAGEMENT: PROVIDED PROPERTY MANAGEMENT SERVICES FOR THE VARIOUS AFFORDABLE RESIDENTIAL RENTAL PROPERTIES IN DAHC'S PORTFOLIO. THESE UNITS ARE LEASED PRIMARILY TO VERY LOW INCOME SPECIAL NEEDS TENANTS INCLUDING PERSONS WITH DISABILITIES AND HOMELESS FAMILIES WITH CHILDREN. SUPPORTIVE SERVICES FOR THESE TENANTS ARE ARRANGED THROUGH VARIOUS NON-PROFIT ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Parker Sams
Director
$0
Ceceila Pat Thomas
President
$0
Clint West
Vice President
$0
Daniel Abasolo
Secretary
$0
Isaiah Williams
Director
$0
Lauren Fischer
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $244,538
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$244,538
Total Program Service Revenue$795,314
Investment income $461
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,109,806

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