Affordable Housing of Nashville/Affordable Housing Resources Inc
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$3,645,949.00
Projected Expenses
$2,835,546.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| affordable housing of nashville/affordable housing resources inc. irs letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $4,202,801.00 | $4,651,138.00 | $3,810,561.00 |
| Total Expenses | $1,617,401.00 | $2,598,348.00 | $1,958,699.00 |
| Revenue Less Expenses | $2,585,400.00 | $2,052,790.00 | $1,851,862.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $1,121,052.00 | $654,383.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $99,563.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $8,000.00 |
| Contributions, Gifts, and Grants | $586,016.00 | $2,359,180.00 | $1,894,400.00 |
| Indirect Public Support | $547,250.00 | $0.00 | $0.00 |
| Earned Revenue | $1,927,582.00 | $1,366,865.00 | $759,229.00 |
| Investment Income, Net of Losses | $20,574.00 | $23,812.00 | $148,831.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $557.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $1,107,618.00 |
| Other | $327.00 | $48,678.00 | $30,169.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,242,358.00 | $1,746,588.00 | $1,665,348.00 |
| Administration Expense | $375,043.00 | $306,202.00 | $293,351.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 260% | 227% | 195% |
| Program Expense/Total Expenses | 77% | 85% | 85% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $1,927,582.00 | Contributions, Gifts, Grants $2,359,180.00 | Contributions, Gifts and Grants $1,894,400.00 |
| Second Highest Funding Source & Dollar Amount | Foundation and Corporations $1,121,052.00 | Program Revenue $1,366,865.00 | Noncash Contributions $1,107,618.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $586,016.00 | Foundation and Corporations $654,383.00 | Program Revenue $759,229.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $25,997,448.00 | $24,037,814.00 | $20,979,124.00 |
| Current Assets | $25,043,793.00 | $23,089,075.00 | $20,042,416.00 |
| Long-Term Liabilities | $16,068,788.00 | $17,651,875.00 | $17,326,594.00 |
| Current Liabilities | $1,223,075.00 | $265,754.00 | $130,693.00 |
| Total Net Assets | $8,705,585.00 | $6,120,185.00 | $3,521,837.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2023
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from 990 only. Form 990 was prepared by LBMC, PC. Comment provided by Hayley Sulfridge 11/27/23. |
