American Foundation for Affordable Housinginc
Nonprofit profile at a glance
- EIN
- 541660503
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Williamsburg, VA, USA
- Phone
- 9175726902
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $946,422
- Expenses
- $356,971
- Assets
- $9,787,729
- Liabilities
- $4,870
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- NORMAN B GOLD (PRESIDENT)
Highest reported compensation
- B HUNT WHITBECK JR (EXECUTIVE DI): $72,900 total reported compensation
- DONALD ALLISON (VICE PRESIDE): $36,000 total reported compensation
- NORMAN B GOLD (PRESIDENT): $36,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
This organization is the parent organization of affiliates whose mission is to provide affordable housing to the elderly and poor within our communities.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
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: 15
- Transparency & Controls: 100
- Accountability: 68
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 10.6%; rating input score 11
- Program expense ratio: 28%; rating input score 28
- 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: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 62.3%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 27.42; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 40.6%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 24.8% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: -4.9% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 10.6% of revenue deployed · 28% of spending went to programs
- Governance: 2 of 2 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $100K in reported program spending
- Leadership: top reported pay $73K · 3 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 3 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 — Financial Efficiency: Mission deployment rate scored 11/100.
- High — Financial Efficiency: Program expense ratio scored 28/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 3/100.