Ahc INC FY2023 filing

Tax-deductible

Arlington, VA501(c)(3)Since 1975HousingEIN 54-1026365Revenue $37.8M in FY2023

On file with the IRSahcinc.org2230 Fairfax Dr Ste 100, 22201-6617 · Arlington, VATax-exempt since Aug 1976Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Ahc's mission is to build, preserve and provide high quality affordable housing to low and moderate income families and individuals.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$5.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $696K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.1M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $3.8M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$189.7M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37.8M
+9% vs prior year
Spent
$36.9M
To programs
87%
Net assets
$133.6M
By yearFY2020–FY2024
Revenue
$37.8M
FY2023▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$33.4M
FY2021$42.1M
FY2022$34.7M
FY2023$37.8M
FY2024$32.0M
Expenses
$36.9M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$29.3M
FY2021$36.7M
FY2022$36.3M
FY2023$36.9M
FY2024$37.4M
Net assets
$133.6M
FY2023+0.05%
Tap a bar for its year
Net assets by fiscal year
FY2020$119.5M
FY2021$132.9M
FY2022$133.6M
FY2023$133.6M
FY2024$127.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $32.1M Management & general 12% · $4.4M Fundraising 1% · $445K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

56 people listed on the 990; $5.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
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 676 $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.

See Ahc INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Builds and preserves affordable housing for low- and moderate-income families while providing educational, financial, and wellness programs to help residents thrive.

Questions for Ahc INC

Tap to ask. Ahc INC sees how many people are interested.

Your first name shows with your question. Ahc INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

4 programs · $59.0M · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$37.8M
Ln 12
Fees for servicesLn 2g$31.1M
Gifts and grantsLn 1h$5.4M
Investment incomeLn 3$874K
Money outPt IX
$36.9M
Ln 25
Programscol B$32.1M
Managementcol C$4.4M
Fundraisingcol D$445K
Owns and owesPt X
$133.6M
net assets · Ln 32
Cash and savingsLn 1–2$30.9M
Total assetsLn 16$323.4M
LiabilitiesLn 26$189.7M
PeoplePt VI, VII
56
listed · VII A
PaidVII A26
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Government grantsLn 1e$806K
Fees for servicesLn 2g$31.1M
Investment incomeLn 3$874K
Other incomeLn 4–11$405K
Total revenueLn 12$37.8M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$30.9M
Total assetsLn 16$323.4M
LiabilitiesLn 26$189.7M
Net assetsLn 32$133.6M
OperationsPt I, VI
EmployeesI 593
VolunteersI 6287
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $32.0M$37.4M−$5.4M$127.1M 990 PDF
FY2023 Viewing $37.8M$36.9M$912K$133.6M 990 PDF
FY2022 $34.7M$36.3M−$1.6M$133.6M 990 PDF
FY2021 $42.1M$36.7M$5.4M$132.9M 990 PDF
FY2020 $33.4M$29.3M$4.1M$119.5M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (1 part)
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.