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Affordable Housing Partners Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351993520 ✦ Carmel, IN ✦ Designated as a 501(c)(3)

Overview

What is Affordable Housing Partners Inc?

Affordable Housing Partners Inc is a nonprofit organization committed to providing affordable, well-maintained housing communities. Based in Indiana, it has expanded its reach to various locations, including Ohio, South Carolina, and Texas. The corporation owns and operates thirteen such communities, including Knollwood Apartments, Crystal Glen Apartments, and Broad River Village Apartments. It also has partial ownership in Grand Station Apartments in Austin, Texas, and shares ownership in Crown Pointe Apartment Homes and Stone Haven Pointe Apartments in South Carolina. To further its charitable purposes, Affordable Housing Partners Inc has established the Inclusivity Institute. The organization strives to develop and facilitate the development of quality, secure housing options for individuals and families in need.


Is Affordable Housing Partners Inc legitimate?

Affordable Housing Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Partners Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,609,791

For more financial information, click here


What is the mission statement of Affordable Housing Partners Inc?
Who is the CEO of Affordable Housing Partners Inc?
What is the revenue of Affordable Housing Partners Inc?
Who are the executives of Affordable Housing Partners Inc and what are their salaries?
Where can I find the form 990 for Affordable Housing Partners Inc?

Mission Statement of Affordable Housing Partners Inc

Affordable Housing Partners Inc, as a nonprofit organization, is dedicated to providing affordable, safe, and well-maintained housing communities. Their charitable purposes revolve around the development or facilitation of such housing communities. The corporation has demonstrated its commitment by developing and managing thirteen such communities across various locations. These communities offer a sense of security and comfort to their residents, providing them with a place to call home.

Some of the notable housing communities developed by Affordable Housing Partners Inc include Knollwood Apartments in Hamilton, Ohio, Crystal Glen Apartments in Findlay, Ohio, and Autumn Woods Apartments and Autumn Woods II Apartments in Crawfordsville, Indiana, among others. These communities cater to a diverse range of individuals, providing them with a living space that meets their needs and budget. It's worth noting that the corporation's involvement extends beyond just owning and operating these communities. For instance, it had a significant stake in Grand Station Apartments, a 216-unit apartment complex in Austin, Texas, through a partnership interest.

In addition to its physical involvement in housing development, Affordable Housing Partners Inc has also established the Inclusivity Institute to further its charitable purposes. The specifics of this institute's activities are not provided in the information provided, but it underscores the organization's commitment to going beyond just providing housing and making a broader impact in the communities it serves. Overall, Affordable Housing Partners Inc is a nonprofit organization that is deeply invested in providing affordable and quality housing to individuals and families in need.

Impact

This information is meant to be a general summary of Affordable Housing Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Affordable Housing Partners Inc provides affordable, safe, good quality, and well-maintained housing communities in various locations such as Hamilton, Ohio, Findlay, Ohio, Crawfordsville, Indiana, Columbia, South Carolina, Gastonia, North Carolina, Spartanburg, South Carolina, Greenville, South Carolina, and Beaufort, South Carolina. The organization has developed, owns, and operates multiple apartment communities, totaling to thirteen in number. These communities offer a place to live for individuals and families who may otherwise struggle to find affordable housing options. By providing these housing opportunities, Affordable Housing Partners Inc is positively impacting the lives of many by addressing the crucial need for affordable housing in different communities.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $117,449
  • Program Service Revenue: $10,364,506
  • Gross Receipts: $13,825,113

    • Assets and Liabilities:
  • Total Assets: $238,276,923
  • Total Liabilities: $235,139,705
  • Net Assets: $3,137,218
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $10,264,506

    LIHTC DISPOSITION FEE

    Revenue

    $100,000

    Organization Details

    Founding Year

    1996

    Principal Officer

    Bruce Cordingley

    Main Address

    770 3RD AVENUE SOUTHWEST, CARMEL, IN, 46032

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Affordable Housing Partners Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.