Tristate Affordable Housing Foundation Inc

Nonprofit profile at a glance

EIN
821627687
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Winstonsalem, NC, USA
Phone
3367608100
Rating
36
Verdict
REVIEW
Rating confidence
Limited
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$72,724
Expenses
$0
Assets
$145,071
Liabilities
$1,281

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

Leadership & pay

4 people listed

Executive titles in this filing

  • ROBERT WATSON (PRESIDENT/DIRECTOR)
  • WILLIAM OGBURN (VICE-PRESIDENT/SECRETARY/D)
  • ANDREW MIDURA (VICE-PRESIDENT/DIRECTOR)
  • TERRI MIDURA (VICE-PRESIDENT)

People named in this filing

  • ROBERT WATSON (PRESIDENT/DIRECTOR)
  • WILLIAM OGBURN (VICE-PRESIDENT/SECRETARY/D)
  • ANDREW MIDURA (VICE-PRESIDENT/DIRECTOR)

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

Facilitate provision of affordable housing through sponsorship of eligible non-profit organizations and investment in rental real estate partnerships for low income residents.

What it reported doing in 2024

The organization is a partner in several partnerships that provide affordable housing to qualifying low income individuals and families. In 2023, the organization acquired limited partner interest in landura spruce pine, llc.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 3
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.01; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: 73% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 74% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.