Affordable Community Housing Trust
- Assets
- $11.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 167
- Location
- Edmond, OK
- Founding
- 12/1990
- Data as of
- 05/2022
- EIN
- 94-3130134
Organization Overview
Affordable Community Housing Trust is located in Edmond, OK. The organization was established in 1990. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 05/2022, Affordable Community Housing Trust employed 167 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Affordable Community Housing Trust 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 05/2022, Affordable Community Housing Trust generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $7.9m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES SENIORS AFFORDABLE HOUSING AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SENIORS AFFORDABLE HOUSING AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Overbey Secretary/tr | OfficerTrustee | $0 | |
Jon Paden President | OfficerTrustee | $0 | |
Steve Chrisman Director | Trustee | $0 | |
Phil Rapp Director | Trustee | $0 | |
Ron Johnston Director | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,287,762 |
| Investment income | $69 |
| 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 | $6,287,831 |
| 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 | $2,310,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $146,264 |
| Payroll taxes | $221,737 |
| Fees for services: Management | $297,420 |
| Fees for services: Legal | $70,126 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $149,274 |
| Office expenses | $66,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,844,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,086,815 |
| Insurance | $344,944 |
| All other expenses | $209,915 |
| Total functional expenses | $7,896,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $267,983 |
| Net Land, buildings, and equipment | $10,462,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,044 |
| Total assets | $11,053,886 |
| Accounts payable and accrued expenses | $32,328,264 |
| Grants payable | $0 |
| Deferred revenue | $7,273 |
| 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 | $27,873,296 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,157 |
| Total liabilities | $60,232,990 |
| Net assets without donor restrictions | -$49,179,104 |
| Net assets with donor restrictions | $0 |
| 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 | $11,053,886 |
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|---|---|---|
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Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Villa St Francis Catholic Care Center Inc Olathe, KS | $17,681,493 | $20,586,104 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Bst Senior Living East Inc San Antonio, TX | $59,251,034 | $9,119,781 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
George Gervin Youth Center Inc San Antonio, TX | $26,261,586 | $16,043,559 |
Methodist Retirement Communities The Woodlands, TX | $24,592,359 | $13,174,524 |
Haverland Carter Lifestyle Group Albuquerque, NM | $60,146,748 | $9,864,395 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |