Affordable Housing Opportunity Fund Inc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $1.5m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 84-2840147
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 12/2022, Affordable Housing Opportunity Fund Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $881.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Affordable Housing Opportunity Fund Inc has awarded 11 individual grants totaling $11,179,311. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Davies Executive Director/secretary/treasurer | 10 | $0 | |
Ann Kingston Chairperson | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,853,409 |
| Interest on Savings | $0 |
| Dividends & Interest | $753 |
| 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 | $1,854,162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,161 |
| Total operating and administrative expenses | $1,214 |
| Contributions, gifts, grants paid | $880,000 |
| Total expenses and disbursements | $881,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,903 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,451,582 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,676,485 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Affordable Housing Opportunity Fund Inc has awarded $880,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP PURPOSE: SOUTH FIRST PHASE I | $50,000 |
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP PURPOSE: CRESCENT HALLS RENOVATION | $200,000 |
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP PURPOSE: SOUTH FIRST PHASE II | $335,000 |
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP PURPOSE: SIXTH STREET | $295,000 |