Alt Affordable Housing Services Inc - Arbor Place
Nonprofit profile at a glance
- EIN
- 742680154
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- San Antonio, TX, USA
- Phone
- 2108214363
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $282,598
- Expenses
- $433,563
- Assets
- $1,765,371
- Liabilities
- $1,739,365
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JERRY DU TERROIL (EXECUTIVE DIRECTOR)
- JERRY BOLES (VICE PRESIDENT/SECRETARY)
- EDDIE HEINEMEIER (PRESIDENT)
Highest reported compensation
- JERRY DU TERROIL (EXECUTIVE DIRECTOR): $18,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As a nonprofit corporation, provide affordable housing to very low, low, and moderate-income individuals. It is our duty and responsibility to provide a clean, safe environment that our residents can feel proud to call home.
What it reported doing in 2024
The organization continued its primary activity of owning and operating the arbor place apartments, an 84-unit apartment complex located in san antonio, Texas. The organization continued to provide low-income housing by maintaining property operations in compliance with certain multifamily housing revenue bonds issed by the san antonio housing finance corporation in 1995. The organization continued as the sole member of vdc babcock gp, llc., which is the .01% general partner in vdc babcock, lp operating as la risa apartments (the lra project) in san antonio, Texas. The lra project provided 237 affordable housing units to very low-income and low-income families. Through its oversight of the project, the organization continued to provide low-income housing by maintaining property operations in compliance with the regulations of the u. S. Department of housing and urban development (hud). The organization had previously received funding for property acquisition and reconstruction from the Texas department of housing and community affairs (tdhca) as part of a low income housing tax credit program. The organization maintained property operations in compliance with the regulations of the hud and tdhca. To ensure the availability of tax credits to investors as governed by the internal revenue service, maintained compliance with internal revenue code section 42. The organization continued to provide programs, activities, and services for the youth and adult residents.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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 related-organization disclosures are missing and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 29
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.8%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -53.4%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 4.07; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.99; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: -9.2% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -13.6% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -11.7% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.8% of spending went to programs
- Governance: 4 of 4 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $354K in reported program spending
- Leadership: top reported pay $18K · 4 people listed
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 filed related-organization links
- 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 — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.