Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1971.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990.
Christian Belden’s $169K as Executive Director is at the 78th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers housing options for people with low and moderate incomes.
Questions for Abh Development Corp
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The organization provides home ownership and rental opportunities to low and moderate income persons through rental of property, acquisition, rehabilitation and sale of properties and development of affordable housing. The organization has 113 apartments available for rent at affordable rates.
Revolving loan fund initially funded by federal funds passed through various ri communities and additional funds provided by the organization used to provide acquisition and property rehabilitation loans to low and moderate income persons consisting of 293 loans, including 21 new loans during the year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.2M | $3.1M |
| InvestmentsLn 11–13 | $62K | $7K |
| Land, buildings, equipmentLn 10c | $13.6M | $13.5M |
| Total assetsLn 16 | $23.0M | $25.7M |
| LiabilitiesLn 26 | $9.5M | $14.6M |
| Net assetsLn 32 | $13.5M | $11.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $147K | $134K | $13K | |
| Other salaries and wagesLn 7 | $1.0M | $913K | $107K | |
| Other employee benefitsLn 9 | $195K | $173K | $22K | |
| Payroll taxesLn 10 | $95K | $85K | $10K | |
| Management feesLn 11a | $16K | $16K | ||
| Legal feesLn 11b | $18K | $18K | ||
| Accounting feesLn 11c | $27K | $27K | ||
| Other fees for servicesLn 11g | $33K | $27K | $6K | |
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $22K | $21K | $1K | |
| Information technologyLn 14 | $13K | $12K | $1K | |
| OccupancyLn 16 | $7K | $6K | $592 | |
| TravelLn 17 | $6K | $6K | $589 | |
| Conferences, conventions and meetingsLn 19 | $4K | $569 | $4K | |
| InterestLn 20 | $187K | $187K | ||
| Depreciation, depletion and amortizationLn 22 | $310K | $310K | $103 | |
| InsuranceLn 23 | $95K | $90K | $5K | |
| Other expenses (24a–d)Ln 24 | $1.2M | $1.2M | ||
| All other expensesLn 24e | $219K | $210K | $9K | |
| Total functional expensesLn 25 | $3.6M | $3.4M | $206K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $6.2M | $4.6M | $1.6M | $12.6M | 990 PDF |
| FY2023 Viewing | $5.2M | $3.6M | $1.6M | $11.1M | 990 PDF |
| FY2022 | $4.7M | $3.2M | $1.5M | $13.5M | 990 PDF |
| FY2021 | $3.5M | $3.0M | $573K | $13.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $5,217,929 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $5,217,929 across 8 lines filed
Part IX · Statement of functional expenses $3,572,705 across 19 lines filed
Part X · Balance sheet $25,696,917 assets, 17 lines filed
Part XI · Reconciliation of net assets $11,069,456 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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