Ahc INC EIN 54-1026365 Form 990 (PDF) Claim this org

Ahc INC

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Builds and preserves affordable housing for low- and moderate-income families while providing educational, financial, and wellness programs to help residents thrive. For fiscal year 2024 it reported $32.0M in revenue, $37.4M in expenses, and $127.1M in net assets.Pt I

Founded
1975
Type
Public charity (501(c)(3)) · Housing
Location
Arlington, VA
Website
www.ahcinc.org
Filings
5 on file (2020–2024)
Revenue
$32.0MFY2024
Expenses
$37.4M
Net assets
$127.1M
People
56
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1026365 Public charity (501(c)(3)) Arlington, VA Founded 1975
Form 990 (PDF)
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Figures match the IRS filing checked 8/7/26 · see original: IRS
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Size
$10–100M
What they do
Builds and preserves affordable housing for low- and moderate-income families while providing educational, financial, and wellness programs to help residents thrive.
Leadership
Paul Bernard · President & CEO · $347K
Money in and out
$32.0M revenue, $37.4M expenses
Bottom line
-17% surplus margin
Where the money goes · FY2024
Total revenue
$32.0M
Pt VIII · Ln 12
Total expenses
$37.4M
Pt IX · Ln 25
Net assets
$127.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5.4M
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Surplus margin
-17%
revenue over expenses, this year▼ -793% vs prior filing year
Revenue trend
-1%
avg. annual growth over 5 years
Donor-funded
15%
of revenue is gifts & grants▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$32.0M
FY2024▼ -15%
Expenses
$37.4M
FY2024▲ +1%
Total assets
$313.7M
FY2024▼ -3%
Total liabilities
$186.5M
FY2024▼ -2%
Total revenue
$32.0M
Pt VIII · Ln 12
Total expenses
$37.4M
Pt IX · Ln 25
Net assets
$127.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5.4M
Total assetsPt X · Ln 16$313.7M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

4 program services account for $59.0M of program spending, described in the organization's own filed words · FY2023.
01

Multifamily Housing Development

Ahc, inc. Takes a holistic approach to affordable housing. Ahc, inc. Creates innovative real estate DEVELOPMENT/ACQUISITION strategies and pair them with life-changing programs for residents.

$23.7Mprogram expense
02

Multifamily Housing Development

Ahc, inc. Takes a holistic approach to affordable housing. Ahc, inc. Creates innovative real estate DEVELOPMENT/ACQUISITION strategies and pair them with life-changing programs for residents.

$23.7Mprogram expense
03

Professional Services

Ahc, inc. Has an in-house division that provides mission-driven expertise and professional services. These include real estate development, asset and construction management, and administrative services that generate earned income, assess the health of our properties, work with property management companies, and support the nonprofit…

$5.8Mprogram expense
04

Professional Services

Ahc, inc. Has an in-house division that provides mission-driven expertise and professional services. These include real estate development, asset and construction management, and administrative services that generate earned income, assess the health of our properties, work with property management companies, and support the nonprofit…

$5.8Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAhc INC
EINHdr · item D54-1026365
Principal addressHdr · item CArlington, VA
WebsiteHdr · item Jwww.ahcinc.org
Year of formationHdr · item L1975
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20Z)
Ruling yearIRS BMFAug 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & CEO
$346,604Pt VII · Sec A
President & CEO
$346,604Pt VII · Sec A
$268,397Pt VII · Sec A
$268,397Pt VII · Sec A
VP, Real Estate Development
$268,075Pt VII · Sec A
VP, Real Estate Development
$268,075Pt VII · Sec A
VP, Asset Management
$206,467Pt VII · Sec A
VP, Asset Management
$206,467Pt VII · Sec A

Paul Bernard’s $347K as President & CEO is at the 85th percentile of top reported officer pay among 672 $10–100M 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Walter D Webdale$277,256$581,982
Stephen Smith$220,882$467,832$519,207
Carlton Miller$203,441$342,244$348,896
Paul Bernard$346,604$224,463
Michael Werner$253,137$291,057
Steve Yeatman$268,397$275,734$251,908$258,052
John Welsh$206,692$255,558$271,726
Alan Goldstein$268,075$258,482

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Other revenue$27.3M · 85%
Contributions & grants$4.8M · 15%
Other revenue85%$27.3M
Contributions & grants15%$4.8M
Total revenueLn 12$32.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$32.3M
Management & general12%$4.4M
Fundraising2%$768K
Total functional expensesLn 25$37.4M

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$313.7M
Total liabilitiesLn 26$186.5M
Total net assetsLn 32$127.1M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $37.4M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services — · Total expenses $37.4M
Management & General
Management & general — · Total expenses $37.4M
Fundraising
Fundraising — · Total expenses $37.4M
Cost to raise $1
Fundraising expense (2-yr avg) $432K · Solicited contributions (2-yr avg) $5.2M
$0.08 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.8M · Total revenue $32.0M
15%
Government reliance
Government grants — · Total revenue $32.0M
Earned-income share
Program service revenue — · Total revenue $32.0M
Investment reliance
Investment income — · Total revenue $32.0M
Program self-sufficiency
Program service revenue — · Total expenses $37.4M
Growth & trend
Revenue growth (YoY)
This year $32.0M · Prior year $37.8M
-15%
Revenue CAGR
FY2020 $33.4M · FY2024 $32.0M
-1%
Net-asset trend (YoY)
End of year $127.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $32.0M · Expenses $37.4M
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $313.7M
Net-asset ratio
Net assets $127.1M · Total assets $313.7M
41%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $313.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $37.4M
No individual compensation reported on this filing
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $37.4M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 12%
Fundraising cost ratio 16%
Revenue growth -15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 4 grants · $129K · 2020–2020
Hollybrooke II CondominiumFY2020$54,325
Ahc Limited Partnership - 15FY2020$32,349
Ahc Limited Partnership - 14FY2020$26,265
Fhg Limited PartnershipFY2020$15,846

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$32.0M revenue · viewing · ⤓ 990 PDF
FY2023$37.8M revenue · ⤓ 990 PDF
FY2022$34.7M revenue · ⤓ 990 PDF
FY2021$42.1M revenue · ⤓ 990 PDF
FY2020$33.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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