African American Alliance For Homeownership

The African American Alliance for Homeownership (AAAH) is a nonprofit organization situated in Portland, Oregon. Their primary mission is to foster homeownership and economic stability among African Americans and other underserved individuals. They achieve this by providing accessible advocacy, awareness, and education. A key aspect of their work involves assigning pre-purchase, HUD-certified counselors who guide clients through the home-buying process. These counselors assist clients in becoming mortgage-ready, creating a monthly budget, and saving plans, as well as helping them repair their homes. The organization's IDA program, in high demand, aids clients in preparing for homeownership, with a current waiting list of 15 participants. Last year, AAAH received an annual reward higher than the previous year, enabling them to assist more clients. Over 500 households improved their mortgage readiness, and 80 became mortgage-ready during the year. AAAH continues to identify additional resources, and offers an opportunity to extend assistance to some clients for up to five years, providing extra time to save money and increase matched funds.

African American Alliance For Homeownership is a legitimate nonprofit organization registered as a 501(c)(3) entity. African American Alliance For Homeownership 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: $397,475

For more financial information, click here

The African American Alliance For Homeownership's mission is centered around enhancing homeownership and financial stability for African Americans and other underserved individuals. They achieve this by offering access to advocacy, awareness, and education. The organization assists its clients through a pre-purchase, HUD-certified counselor, guiding them through the home buying process. Counselors help clients become mortgage-ready, develop a monthly budget and savings plan, and repair their homes. The IDA program, in high demand, continues to improve, allowing the alliance to assist more clients in preparing for homeownership. During the year, over 500 households improved their mortgage readiness, and 80 households became mortgage-ready. The alliance is currently exploring additional resources to further support its clients.

Cheryl Roberts is the Executive Director of African American Alliance For Homeownership.

African American Alliance For Homeownership's revenue in 2022 was $1,373,668.

The average compensation at African American Alliance For Homeownership during 2022 was $79,495. There are 5 employees at African American Alliance For Homeownership.

Here are 5 key members and their salaries:

The African American Alliance For Homeownership’s most recent form 990 was submitted in 2022 and can be accessed here