Foundation for Affordable Housing
Legal name: Foundation for Affordable Housing Ii Inc
Nonprofit profile at a glance
- EIN
- 330839353
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Bend, Oregon, United States
- Phone
- 949-443-9101
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $3,428,129
- Expenses
- $2,855,426
- Assets
- $2,405,656
- Liabilities
- $571,036
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- DARRIN WILLARD (PRESIDENT)
- TARUN CHANDRAN (VICE PRESIDENT AND SECRETARY (NOT A DIRECTOR))
- MELISSA VINCENT (VICE PRESIDENT AND TREASURER (NOT A DIRECTOR))
Highest reported compensation
- DARRIN WILLARD (PRESIDENT): $932,642 total reported compensation
- TARUN CHANDRAN (VICE PRESIDENT AND SECRETARY (NOT A DIRECTOR)): $702,259 total reported compensation
- TOM WILLARD (KEY EMPLOYEE): $556,404 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Embrace Resident Services provides vital services to families and seniors in our communities; our mission is to build better lives for residents by providing a safe space where a house becomes a home, and residents become family. We have the size, longevity, efficiency, and experience to bring your vision to life. By focusing on the profitability and sustainability of each of our projects, we have been able to build safe and comfortable housing for those who need it most. We provide community enrichment services and a strong network of industry-leading property management firms. Founded by Tom and Deborrah Willard, our organization is a tax-exempt 501(c)(3) public benefit nonprofit corporation. We ease the burden of State, County, and Local Housing Authorities through the construction, acquisition, and operation of low-income and senior housing. Contact us for more information.
What it reported doing in 2024
To provide safe and affordable housing units to low income senior citizens.
Operating model
- Revenue model
- Earned-program. 97% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 94
- Accountability: 84
- Sustainability: 49
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.8%; rating input score 64
- Program expense ratio: 76.6%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.7%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0.84; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 27.3%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 7.6% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: -6.4% per year; rating input score 0; 3rd percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 63.8% of revenue deployed · 76.6% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.2M in reported program spending
- Leadership: top reported pay $933K · 8 people listed · 6 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 94 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.