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Affordable Housing Development Fund Inc

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

EIN: 391906153 ✦ Rockford, IL ✦ Designated as a 501(c)(3)

Overview

What is Affordable Housing Development Fund Inc?

Affordable Housing Development Fund Inc is a nonprofit organization located at 6735 Vistagreen Way 310, Rockford, Illinois, 61107. Their primary charitable endeavor involves the ownership, development, preservation, and management of affordable, safe, and well-maintained housing communities. This commitment ensures that individuals and families have access to quality residential areas, maintaining a standard of living essential for a comfortable and secure existence.


Is Affordable Housing Development Fund Inc legitimate?

Affordable Housing Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Development Fund 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: $72,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


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

Mission Statement of Affordable Housing Development Fund Inc

Affordable Housing Development Fund Inc, a charitable organization, is dedicated to the ownership, development, preservation, and management of affordable, safe, good quality, and well-maintained housing communities. The corporation's mission goes beyond providing shelter, focusing on creating thriving and sustainable communities where people can call home. By prioritizing affordability, the organization ensures that individuals and families have access to safe and comfortable living environments, enabling them to build stable lives. Through its commitment to development and preservation, Affordable Housing Development Fund Inc contributes to the betterment of communities by addressing housing needs and promoting community growth. The corporation's management practices ensure that the housing communities remain in top condition, providing residents with a sense of pride and belonging.

Impact

This information is meant to be a general summary of Affordable Housing Development Fund 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 Development Fund Inc impacts the community by providing ownership, development, preservation, and management of affordable, safe, quality, and well-maintained housing communities in Rockford, IL. Their mission is to ensure that individuals have access to affordable housing options that are of good quality and well-maintained, contributing to a more stable and secure living environment for those in need. Through their work, Affordable Housing Development Fund Inc plays a crucial role in addressing housing issues and improving the overall well-being of individuals and families in the area.





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: $6,035,822
  • Program Service Revenue: $13,795,137
  • Gross Receipts: $21,787,207

    • Assets and Liabilities:
  • Total Assets: $86,242,011
  • Total Liabilities: $62,362,992
  • Net Assets: $23,879,019
  • Programs

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

    RENTAL INCOME, NET OF VACANCIES

    Revenue

    $13,161,286

    OTHER MANAGEMENT INCOME

    Revenue

    $71,784

    MANAGEMENT FEE INCOME

    Revenue

    $22,410

    Organization Details

    Founding Year

    1997

    Principal Officer

    Tom Van Vleet

    Main Address

    6735 VISTAGREEN WAY 310, ROCKFORD, IL, 61107

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Affordable Housing Development Fund 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.