Aof Hadley Gardens Affordable Housing Corp
Nonprofit profile at a glance
- EIN
- 820798057
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- Atlanta, GA, USA
- Phone
- 7709370377
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $63,407
- Expenses
- $53,368
- Assets
- $2,405
- Liabilities
- $14,355
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- PHILIP J KENNEDY (PRESIDENT, TRUSTEE)
- KATHRYN T WALKER (VICE PRESIDENT, TRUSTEE)
People named in this filing
- PHILIP J KENNEDY (PRESIDENT, TRUSTEE)
- ROBERT R DERRICK (TRUSTEE)
- WILLIAM F FISHER III (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster, support, provide, develop, acquire, construct, rehabilitate and/or operate qualified affordable housing for low-to-moderate income persons and families, elderly persons and/or mentally or physically disabled persons.
What it reported doing in 2024
General partnership interest in a partnership that provides 151 affordable housing units to low-income, elderly and/or totally disabled persons and families.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 15.8%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 5.97; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 12.2% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 9.6% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: -13% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 84.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $53K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.