Overview
What is Atlantic Housing Foundation Inc?
The Atlantic Housing Foundation Inc is a nonprofit organization based in Dallas, Texas, dedicated to acquiring, constructing, and operating affordable housing projects for low-income individuals and families, elderly, and disabled persons. Since 2001, the Foundation has acquired and developed numerous multi-family rental housing projects across various locations in Texas and South Carolina, including Columbia, Fort Worth, San Antonio, Denton, Huntsville, San Marcos, Houston, McKinney, Lewisville, and Irving. Their projects consist of several hundred units each and are financed using a combination of tax-exempt bonds, Freddie Mac mortgages, and limited partner LIHTC equity. The Foundation's mission is to provide decent, safe, and sanitary housing, aid to the poor and distressed, and reduce government burden through affordable housing. They have also expanded their purpose to include providing student housing. The Foundation serves as the general partner in several limited partnerships and has formed various LPs to acquire and rehabilitate properties using LIHTC equity and tax-exempt bonds.
Official website here: www.atlantichousing.org
Is Atlantic Housing Foundation Inc legitimate?
Atlantic Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlantic Housing Foundation 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: $2,432,851
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,177,153
For more financial information, click here
Official website here: www.atlantichousing.org
What is the mission statement of Atlantic Housing Foundation Inc?
The Atlantic Housing Foundation Inc is dedicated to fostering affordable housing solutions for low-income individuals, families, the elderly, and individuals with mental or physical disabilities. The organization strives to provide decent, safe, and sanitary housing, as well as social services, to help integrate these communities and mitigate prejudice and discrimination. In addition to its primary focus on housing, the Foundation has expanded its charitable purposes to include student housing. By doing so, it aims to alleviate community deterioration, reduce neighborhood tensions, and lessen the government's burden in providing housing for those in need. The board of directors made this amendment and filed it with the IRS and South Carolina Secretary of State in April 2004.
Official website here: www.atlantichousing.org
Who is the CEO of Atlantic Housing Foundation Inc?
Michael Nguyen is the President & Ceo of Atlantic Housing Foundation Inc. The CEO's salary of Atlantic Housing Foundation Inc is $985,902 and their total compensation is $992,248.
Official website here: www.atlantichousing.org
What is the revenue of Atlantic Housing Foundation Inc?
Atlantic Housing Foundation Inc's revenue in 2022 was $98,028,406.
Official website here: www.atlantichousing.org
Who are the executives of Atlantic Housing Foundation Inc and what are their salaries?
The average compensation at Atlantic Housing Foundation Inc during 2022 was $10,671. There are 432 employees at Atlantic Housing Foundation Inc.
Here are 15 key members and their salaries (Atlantic Housing Foundation Inc's CEO's salary is $985,902 and their total compensation is $992,248):
- Michael Nguyen (President & Ceo) [Trustee/Director]
- Kent Foster (Dir Of Dev & Acq)
- Wilfredo Saqueton (Cfo, Scty,Treas)
- Mary Jackson (Dir Property Mgmt)
- Mathew Stubbing (Sr Lihtc Developer)
- Shelia Maness (Dir-Human Resource)
- Evan Nance (Controller)
- Daniel French (Trustee)
- Jeffrey Dove (Low Income Rep) [Trustee/Director]
- Ruth Ann Mcniel (Low Income Rep) [Trustee/Director]
- Richard Whaley (Trustee)
- Michael Duffy (Chairman) [Trustee/Director]
- Alan Naul (Trustee)
- Rachel Hayden (Trustee)
- Amanda Popken (Low Income Rep) [Trustee/Director]
Official website here: www.atlantichousing.org
Where can I find the form 990 for Atlantic Housing Foundation Inc?
The Atlantic Housing Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.atlantichousing.org
Learn more at the official website: www.atlantichousing.org
Mission Statement of Atlantic Housing Foundation Inc
Atlantic Housing Foundation Inc is a charitable organization dedicated to fostering and providing affordable housing solutions for low-income individuals, families, the elderly, and those with mental or physical disabilities. The foundation's mission extends beyond just housing, as it also aims to improve the living conditions and social integration of the people it serves.
In areas where inadequate housing exists for these groups, Atlantic Housing Foundation Inc steps in to construct, rehabilitate, and operate qualified and affordable housing units. The foundation's humanitarian efforts do not stop at housing alone, as it also provides essential aid, food, clothing, and social services to those in need. Moreover, the organization strives to reduce neighborhood tensions and eliminate prejudice and discrimination through its provision of affordable housing.
In an effort to expand its reach and make a more significant impact, Atlantic Housing Foundation Inc amended its Articles of Incorporation in 2004, adding the charitable purpose of providing student housing to its mission. The foundation's board of directors recognized the importance of this addition in helping to support and uplift communities by providing adequate housing options for students, further reducing the burden on governments and improving the overall quality of life for individuals and families.
Impact
This information is meant to be a general summary of Atlantic Housing Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Atlantic Housing Foundation Inc's impact is significant in providing affordable and safe housing for low-income individuals and families, the elderly, and individuals with mental or physical disabilities. By acquiring, constructing, rehabilitating, and operating numerous affordable housing projects across multiple states, the Foundation is directly addressing the critical need for adequate housing where it is lacking. Additionally, their mission extends to providing social services, fostering economic integration, combating community deterioration, reducing tensions, challenging prejudice and discrimination, and lessening the burden on government resources through their provision of affordable housing. In recognizing the importance of student housing, the Foundation has also expanded its charitable purposes to include this aspect, further enhancing its impact on the communities it serves. Through their wide-ranging initiatives and projects, Atlantic Housing Foundation Inc is actively working to improve the living conditions and opportunities for those in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer fee income
Revenue
$1,633,586
Other misc Income
Revenue
$649,236
Other tenant income
Revenue
$6,976,651
Property management fees
Revenue
$967,714
Rental Income
Revenue
$80,527,873
Organization Details
Founding Year
1999
Phone
(469) 206-8900
Principal Officer
Michael Nguyen
Main Address
4770 Iberia Avenue Suite 100, DALLAS, TX, 75207
Website
www.atlantichousing.org
NTEE Category
Code: L21 - Housing
If you are a representative of Atlantic Housing Foundation 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.