Affordable Housing Resources Inc
Nonprofit profile at a glance
- EIN
- 581857324
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Nashville, TN, USA
- Phone
- 6152510025
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $8,381,450
- Expenses
- $5,760,204
- Assets
- $36,684,649
- Liabilities
- $20,694,019
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- EDDIE LATIMER (CEO)
Highest reported compensation
- EDDIE LATIMER (CEO): $204,750 total reported compensation
- DAN EATON (DIRECTOR OF HOUSING DEVELOPMENT): $139,390 total reported compensation
- CYNTHIA PERAZA (COO): $130,541 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Affordable housing resources, inc. (ahr) is a non-profit organization whose mission is to create affordable housing and strong neighborhoods. For over 20 years, ahr has been laying a foundation for successful home ownership for middle Tennessee's workforce. Ahr is committed to providing home ownership opportunities for low to moderate income families, which enables these families to become successful homeowners over the long term.
What it reported doing in 2025
Homebuyer education - ahr offered pre-purchase home buyer education programs through partnerships with the Tennessee housing development agency and neighborworks america to create successful homebuyers.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.7%; rating input score 68
- Program expense ratio: 93.4%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.3%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 6.37; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 8.2%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 19% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 10.7% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 13.5% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 67.7% of revenue deployed · 93.4% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $5.4M in reported program spending
- Leadership: top reported pay $205K · 16 people listed · 1 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.