Affordable Housing Services Corp
Nonprofit profile at a glance
- EIN
- 562410076
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025
- Location
- Indianapolis, IN, USA
- Phone
- 3174024990
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $94,589
- Expenses
- $22,807
- Assets
- $1,219,022
- Liabilities
- $100
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DANIEL D HUBBARD (PRESIDENT)
People named in this filing
- DANIEL D HUBBARD (PRESIDENT)
- ANDREA DEMINK (SECRETARY)
- CHAD RIDDLE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
In today's world of tax credits, ahp grants, home grants and various other funding sources, social service commitments have become an increasingly complex tool to help end the circle of poverty for many low-income citizens. In doing so, many owners of these projects have become overwhelmed in the web of social programs they have created to maintaining compliance with all of the multifamily funding programs. Affordable housing services corporation ("ahsc") is an indianapolis based non-profit organization whose mission it is to provide needed and beneficial educational services to low-income tenants and employees (our "clients") while assisting affordable housing owners meet all their social service obligations.
What it reported doing in 2025
Ahsc works with developers and owners to design social service programs for their projected client base or revive stagnant programs. The two types of programs are the design program and the compliance program. Each is applicable at different stages of a project.
Operating model
- Revenue model
- Investment-supported. 63% of the money available for current operations came from recurring investment income.
- 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 13
- Transparency & Controls: 92
- Accountability: 65
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 8.2%; rating input score 8
- Program expense ratio: 25%; rating input score 25
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 23rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 75.9%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 53.45; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 22.4% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 8.2% of revenue deployed · 25% of spending went to programs
- Governance: 3 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 8/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.