Affordable Central Texas Inc

Organization Overview

Affordable Central Texas Inc is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Affordable Central Texas Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Central Texas 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 12/2021, Affordable Central Texas Inc generated $915.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 55.6% each year . All expenses for the organization totaled $789.4k during the year ending 12/2021. 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

AFFORDABLE CENTRAL TEXAS, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CITY OF AUSTIN, THROUGH THE NEIGHBORHOOD HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT, HAS DEVELOPED THE AUSTIN STRATEGIC HOUSING PLAN, A COMPREHENSIVE PLAN FOR ADDRESSING AUSTIN'S HOUSING CHALLENGES. SPECIFICALLY, THE PLAN CALLS FOR THE DEVELOPMENT OF A FUND THAT WILL STRATEGICALLY ACQUIRE, RENOVATE, AND MANAGE EXISTING MULTI-FAMILY BUILDINGS TO MAKE THEM AFFORDABLE FOR THE LONG TERM. AFFORDABLE CENTRAL TEXAS, WITH INITIAL FUNDING AND SIGNIFICANT INPUT AND INVOLVEMENT FROM THE CITY OF AUSTIN, PLANS TO ESTABLISH AND OPERATE THIS FUND.


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Board, Officers & Key Employees

Name (title)Compensation
Amy Barbee
Vice President
$121,024
David Steinwedell
President And CEO
$120,000
Kathy Denny
VP Asset Management And Pr
$75,548
Brian Strickland
Chief Financial Officer
$34,760
Ashley Hunter
Board Treasurer
$0
Steve Leblanc
Chair Of Board
$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$684,602
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$684,602
Total Program Service Revenue$229,839
Investment income $1,007
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $235
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $915,683

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Affordable Central Texas Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$10,000
View Grant Recipient Profile

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