Arizona Housing Inc
- Assets
- $28.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 15
- Location
- Phoenix, AZ
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 86-0811431
Organization Overview
Arizona Housing Inc is located in Phoenix, AZ. The organization was established in 1997. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Arizona Housing Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Housing 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 12/2023, Arizona Housing Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $5.6m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ARIZONA HOUSING, INC. (AHI) IS TO ASSIST INDIVIDUALS AND FAMILIES IN ATTAINING SELF-SUFFICIENCY THROUGH THE PROVISION OF DIGNIFIED, COMPREHENSIVE HOUSING AND SERVICES. FOUNDED IN 1995, AHI WORKS TO ENSURE EVERYONE HAS A PLACE TO CALL HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AHI PROVIDES PERMANENT SUPPORTIVE HOUSINGCOMBINING AFFORDABLE HOUSING WITH CASE MANAGEMENT AND SUPPORTIVE SERVICES TO ADDRESS THE NEEDS OF EXTREMELY LOW-INCOME INDIVIDUALS, INCLUDING THOSE WHO WERE PREVIOUSLY CHRONICALLY HOMELESS AND LIVING ON THE STREETS. EACH YEAR, MORE THAN 700 MEN, WOMEN, AND CHILDREN WHO PREVIOUSLY EXPERIENCED HOMELESSNESS, HAVE A SAFE AND AFFORDABLE HOME WITH ACCESS TO SUPPORTIVE SERVICES TO ACHIEVE HOUSING STABILITY. OUR RESIDENTIAL PROPERTIES INCLUDE:COLLINS COURT 80 UNITS 10421 NORTH 33RD AVE., PHOENIX, AZ 85051 67 STUDIO AND 13 ONE-BEDROOM APARTMENTS. 209 WEST JACKSON 297 UNITS 209 WEST JACKSON ST. PHOENIX, AZ 85003 297 FULLY FURNISHED STUDIO APARTMENTS. THE FRONT OFFICE IS STAFFED 24/7 AND INCLUDES A BUSINESS CENTER, MINI-MART, LIBRARY AND COMMUNITY ROOM. NORTH 17 72 UNITS 9601 NORTH 17TH AVE. PHOENIX, AZ 85021 6 ONE-BEDROOM AND 36 TWO-BEDROOM APARTMENTS. ALSO OFFERED IS A SHADED PLAYGROUND AND AFTERSCHOOL PROGRAMS. ENCORE ON NORTHERN 77 UNITS 2233 WEST NORTHERN AVE. PHOENIX, AZ 85021 IN PARTNERSHIP WITH WESCAP INVESTMENTS, INC. HAS 77 ONE-BEDROOM APARTMENTS WITH 30 UNITS RESERVED FOR FORMERLY CHRONICALLY HOMELESS INDIVIDUALS, WITH A PREFERENCE FOR VETERANS. HORACE STEELE COMMONS 90 UNITS 1735 GRAND AVE., PHOENIX, AZ 85007 90 APARTMENTS AND INCLUDES A BUSINESS CENTER, LIBRARY AND TV ROOM. 2900 EAST VAN BUREN THIS IS A 50 UNIT MOTEL BEING CONVERTED TO SINGLE ROOM OCCUPANCY HOUSING WITH A PREFERENCE FOR SENIORS AND VETERANS. CONSTRUCTION ESTIMATED TO BE COMPLETE DECEMBER 2024.
AHI OWNS AND RENTS A FACILITY TO A NON-PROFIT FOR USE AS AN EMERGENCY SHELTER WITH SUPPORTIVE SERVICES THAT SERVES HOMELESS FAMILIES. SERVICES INCLUDE CASE MANAGEMENT, ACCESS TO BED, SHOWERS, FOOD, CLOTHING AND HYGIENE ITEMS AT NO COST TO THE RECIPIENTS. VISTA COLINA HAS 12 ONE BEDROOM AND 18 TWO BEDROOM UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Holleran Former CEO Through August 202 | Officer | 40 | $131,682 |
Christine Wetherington Interim CEO Sept 23 -July 24 | Officer | 40 | $116,036 |
Nellie Nekouie Director | Trustee | 1 | $0 |
Jodi Sheahan Director | Trustee | 1 | $0 |
Michael Kurtenbach Director | Trustee | 1 | $0 |
Terry Goddard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Arizona Shelter Services Inc Acct & Mgmt Services | 6/29/16 | $178,246 |
Dunlap & Magee Property Management | 6/29/16 | $152,623 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,584,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $714,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,299,040 |
| Total Program Service Revenue | $4,090,485 |
| Investment income | $60,339 |
| 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 | $6,655,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,645 |
| Compensation of current officers, directors, key employees. | $153,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $545,624 |
| Pension plan accruals and contributions | $26,435 |
| Other employee benefits | $107,062 |
| Payroll taxes | $66,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,921 |
| Fees for services: Accounting | $217,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,487,850 |
| Advertising and promotion | $8,901 |
| Office expenses | $27,521 |
| Information technology | $94,549 |
| Royalties | $0 |
| Occupancy | $755,070 |
| Travel | $49,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $936,289 |
| Insurance | $129,766 |
| All other expenses | $157,454 |
| Total functional expenses | $5,606,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,517 |
| Savings and temporary cash investments | $1,210,068 |
| Pledges and grants receivable | $906,343 |
| Accounts receivable, net | $126,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,584,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,088 |
| Net Land, buildings, and equipment | $23,353,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,147,660 |
| Accounts payable and accrued expenses | $838,683 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $102,099 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $391,328 |
| Total liabilities | $1,332,110 |
| Net assets without donor restrictions | -$7,378,022 |
| Net assets with donor restrictions | $34,193,572 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,147,660 |