Arizona Housing Inc

Nonprofit profile at a glance

EIN
860811431
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Phoenix, AZ, USA
Phone
6024184994
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$4,855,983
Expenses
$5,550,866
Assets
$28,259,656
Liabilities
$15,324,022

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • CHRISTINE WETHERINGTON (INTERIM CEO THROUGH JULY 24)
  • AMY PFEIFER (CEO)
  • HOWARD C EPSTEIN (VICE PRESIDENT)
  • DOUGLAS TYMINS (BOARD PRESIDENT)

Highest reported compensation

  • CHRISTINE WETHERINGTON (INTERIM CEO THROUGH JULY 24): $138,485 total reported compensation
  • AMY PFEIFER (CEO): $48,621 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Arizona housing, inc. (ahi) is to assist individuals and families in attaining self-sufficiency through the provision of dignified, comprehensive housing and services. Founded in 1995, ahi works to ensure everyone has a place to call home.

What it reported doing in 2024

Ahi provides permanent supportive housingcombining affordable housing with case management and supportive services to address the needs of extremely low-income individuals, including those who were previously chronically homeless and living on the streets. Each year, more than 700 men, women, and children who previously experienced homelessness, have a safe and affordable home with access to supportive services to achieve housing stability. Our residential properties include: collins court 80 units 10421 north 33rd ave., phoenix, az 85051 67 studio and 13 one-bedroom apartments. 209 west jackson 297 units 209 west jackson st. Phoenix, az 85003 297 fully furnished studio apartments. The front office is staffed 24/7 and includes a business center, mini-mart, library and community room. North 17 72 units 9601 north 17th ave. Phoenix, az 85021 6 one-bedroom and 36 two-bedroom apartments. Also offered is a shaded playground and afterschool programs. Encore on northern 77 units 2233 west northern ave. Phoenix, az 85021 in partnership with wescap investments, inc. Has 77 one-bedroom apartments with 30 units reserved for formerly chronically homeless individuals, with a preference for veterans. Horace steele commons 90 units 1735 grand ave., phoenix, az 85007 90 apartments and includes a business center, library and tv room. 2900 east van buren this is a 50 unit motel being converted to single room occupancy housing with a preference for seniors and veterans. Construction estimated to be complete december 2024.

Operating model

Revenue model
Earned-program. 83% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some related-organization disclosures are missing.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.8%; rating input score 95
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: $5.24 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th 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: Scored; 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: -14.3%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 5.09; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 94.8% of revenue deployed · 82.9% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $4.6M in reported program spending
  • Leadership: top reported pay $138K · 9 people listed
  • Highest-paid contractors: 2 contractors listed · $2.5M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and related organizations
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 4 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.
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.