Affordable Housing Opportunity Fund Inc

Organization Overview

Affordable Housing Opportunity Fund Inc is located in Charlottesville, VA. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Opportunity Fund 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 Housing Opportunity Fund Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $9.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $6,973,629
Interest on Savings $0
Dividends & Interest $1,086
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $6,974,715

Grants Awarded

Over the last fiscal year, Affordable Housing Opportunity Fund Inc has awarded $9,051,124 in support to 4 organizations.

Grant RecipientAmount

CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP

PURPOSE: CRESCENT HALLS RENOVATION

$5,349,268

CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP

PURPOSE: SOUTH FIRST PHASE I

$3,134,139

CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP

PURPOSE: SOUTH FIRST PHASE II

$507,717

CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP

PURPOSE: SIXTH STREET

$60,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Affordable Housing Opportunity Fund Inc has recieved totaling $2,470,938.

Awarding OrganizationAmount
Charlottesville Area Community Foundation

Charlottesville, VA

PURPOSE: GENERAL PURPOSES

$1,020,938
Charlottesville Area Community Foundation

Charlottesville, VA

PURPOSE: ONGOING REDEVELOPMENT WORK

$750,000
D N Batten Foundation

Norfolk, VA

PURPOSE: TO PROVIDE FINANCIAL SUPPORT

$500,000
Manning Family Foundation

Charlottesville, VA

PURPOSE: GENERAL

$200,000
View Grant Recipient Profile

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