Affordable Housing Institute
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Boston, MA
- Founding
- 09/2003
- Data as of
- 06/2021
- EIN
- 92-0185895
Organization Overview
Affordable Housing Institute is located in Boston, MA. The organization was established in 2003. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Affordable Housing Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Institute 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 06/2021, Affordable Housing Institute generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 6.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HELPS PEOPLE CREATE, IMPROVE, SUSTAIN AND PRESERVE AFFORDABLE HOUSING LEADING TO URBAN DEVELOPMENT, REGENERATION AND STABILIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED FOR CONSULTING WITH VARIOUS AGENCIES TO CREATE, IMPROVE AND SUSTAIN AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anya B Raredon President | 40 | $118,729 | |
Tim Palmer Board President | OfficerTrustee | 12 | $0 |
Joseph L Flatley Clerk | OfficerTrustee | 12 | $0 |
Reese Fayde Treasurer | OfficerTrustee | 12 | $0 |
David A Smith Director, CEO | Trustee | 40 | $0 |
Catherine Racer Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $775,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $858,756 |
| Total Program Service Revenue | $1,189,340 |
| Investment income | $0 |
| 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 | $2,048,096 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,534 |
| Pension plan accruals and contributions | $3,540 |
| Other employee benefits | $31,064 |
| Payroll taxes | $23,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $537,017 |
| Advertising and promotion | $0 |
| Office expenses | $8,079 |
| Information technology | $33,477 |
| Royalties | $0 |
| Occupancy | $107,750 |
| Travel | $592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,445 |
| Interest | $21,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,061 |
| Insurance | $11,110 |
| All other expenses | $0 |
| Total functional expenses | $1,267,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $202,103 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,090 |
| Net Land, buildings, and equipment | $15,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,809 |
| Total assets | $1,299,240 |
| Accounts payable and accrued expenses | $62,451 |
| 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 | $660,430 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $82,080 |
| Other liabilities | $0 |
| Total liabilities | $804,961 |
| Net assets without donor restrictions | $99,444 |
| Net assets with donor restrictions | $394,835 |
| 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 | $1,299,240 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Affordable Housing Institute has recieved totaling $255,000.
| Awarding Organization | Amount |
|---|---|
The Jpb Foundation New York, NY PURPOSE: ENABLING EQUITABLE HEALTH-SECURE HOUSING VIA TRANSFORMATIVE, REPLICABLE, AND SUSTAINABLE SYSTEM CHANGE | $250,000 |
Brooks Family Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Open Society International Inc New York, NY | $43,304,993 | $33,954,105 |
Harvard-Yenching Institute Cambridge, MA | $357,386,063 | $5,038,189 |
Idealistorg Inc New York, NY | $8,884,686 | $10,106,263 |
Americas Society Inc New York, NY | $65,186,397 | $5,307,206 |
China Institute In America Incorporated New York, NY | $39,618,019 | $6,570,371 |
American-Scandinavian Foundation New York, NY | $56,118,805 | $3,574,288 |
Peaceworks Network Foundation New York, NY | $9,232,893 | $2,717,484 |
Auschwitz Instut For The Prevention Of Genocide And Mass Atrocities New York, NY | $427,684 | $2,862,009 |
Korea Society New York, NY | $30,574,587 | $3,688,770 |
Netherland-America Foundation Incorporated New York, NY | $8,725,622 | $2,894,571 |
Voices Project Usa Inc New York, NY | $1,073,630 | $1,592,705 |
American Council On Germany Inc New York, NY | $14,800,299 | $2,111,955 |