AFFORDABLE HOUSING PARTNERS INC

AFFORDABLE HOUSING PARTNERS INC

Carmel, IN, US
501(c)3
EIN
35-1993520

AFFORDABLE HOUSING PARTNERS INC

Carmel, IN, US
501(c)3
EIN
35-1993520

Overview

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Est.

1996

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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Affordable Housing Partners Inc is a nonprofit organization dedicated to developing and facilitating the creation of affordable, safe, and high-quality housing communities. With an operating budget of $25.3 million and total revenue of $36.6 million for the 2024 filing year, the organization owns and operates six affordable housing communities across Ohio, Indiana, and South Carolina. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission.

Mission Statement

THE CORPORATION'S CHARITABLE PURPOSES INCLUDE DEVELOPING OR FACILITATING THE DEVELOPMENT OF AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES. THE CORPORATION DEVELOPED, OWNS AND OPERATES SIX AFFORDABLE HOUSING COMMUNITIES. KNOLLWOOD APARTMENTS IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN HAMILTON, OHIO, AND CRYSTAL GLEN APARTMENTS, PHASE II IS A 64 UNIT APARTMENT COMMUNITY LOCATED IN FINDLAY, OHIO. AUTUMN WOODS APARTMENTS AND AUTUMN WOODS II APARTMENTS ARE BOTH 96 UNIT APARTMENT COMMUNITIES LOCATED CONTIGUOUS TO EACH OTHER IN CRAWFORDSVILLE, INDIANA. MILL RUN IS A 200 UNIT APARTMENT COMMUNITY LOCATED IN COLUMBIA, SOUTH CAROLINA. THE CORPORATION HAS 99.995% OWNERSHIP IN BROAD RIVER VILLAGE L.P. BROAD RIVER VILLAGE L.P. OWNS BROAD RIVER VILLAGE APARTMENTS WHICH IS A 160 UNIT APARTMENT COMMUNITY IN BEAUFORT, SOUTH CAROLINA. THE CORPORATION ALSO FORMED THE INCLUSIVITIY INSTITUTE TO FURTHER ITS CHARITABLE PURPOSES.
Revenues

$36.6M

Expenses

$25.8M

Net Income:
+$10.8M
Assets

$413.5M

Liabilities

$346.9M

Net Assets:
+$66.7M
Operating Budget

$25.3M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

1

Median grant size
$35K
Largest grant received
$35K
M
Michael Sutton
Board Member
B
Brian Chaffin
Board Member
B
Bruce a Cordingley
Board Member

Frequently Asked Questions

What is AFFORDABLE HOUSING PARTNERS INC’s budget?
In 2024, AFFORDABLE HOUSING PARTNERS INC reported an annual operating budget of around $25.3 million. More detailed financial information is available to registered users.
What causes does AFFORDABLE HOUSING PARTNERS INC support?
AFFORDABLE HOUSING PARTNERS INC supports work in Public housing and Housing development.
Where does AFFORDABLE HOUSING PARTNERS INC operate?
AFFORDABLE HOUSING PARTNERS INC is headquartered in Carmel, IN.
Who funded AFFORDABLE HOUSING PARTNERS INC recently?
In 2024, AFFORDABLE HOUSING PARTNERS INC received grants from THE INDIANAPOLIS FOUNDATION INC, HAMILTON COUNTY COMMUNITY FOUNDATION INC, and HAMILTON COUNTY COMMUNITY FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant AFFORDABLE HOUSING PARTNERS INC received in 2024?
The largest grant to AFFORDABLE HOUSING PARTNERS INC in 2024 exceeds $35 thousand.
What is AFFORDABLE HOUSING PARTNERS INC’s reliance on government grants?
AFFORDABLE HOUSING PARTNERS INC relied on government grants for more than 5% of their total revenue in 2024.
Overview
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