philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in
Texas State Affordable Housing Corporation EIN 74-2746185

Texas State Affordable Housing Corporation

EIN  74-2746185 Public charity (501(c)(3)) Austin, TX Founded 1994
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Texas State Affordable Housing Corporation claims this page.

Know this organization? Claim it to add your story

Size
$100M+
What they do
Provides housing finance options, affordable rental properties, and compliance monitoring to help lower-income Texans secure and maintain affordable homes.
Leadership
David Long · President · $294K
Money in and out
$101.5M revenue, $108.9M expenses
Bottom line
99% program efficiency

Provides housing finance options, affordable rental properties, and compliance monitoring to help lower-income Texans secure and maintain affordable homes. For fiscal year 2024 it reported $101.5M in revenue, $108.9M in expenses, and $321.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$101.5M
Pt VIII · Ln 12
Total expenses
$108.9M
Pt IX · Ln 25
Net assets
$321.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7.5M
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01 Fundraising $0.00
Program efficiency
99%
of spending reaches programs0% vs prior filing year
Operating runway
23.2mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▲ +80% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$101.5M
FY2024▲ +19%
Expenses
$108.9M
FY2024▼ -6%
Total assets
$478.3M
FY2024▼ -3%
Total liabilities
$157.0M
FY2024▼ -3%
Total revenue
$101.5M
Pt VIII · Ln 12
Total expenses
$108.9M
Pt IX · Ln 25
Net assets
$321.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7.5M
Total assetsPt X · Ln 16$478.3M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $106.8M of program spending, described in the organization's own filed words · FY2024.
01

Single family programs provides 30-YEAR fixed rate mortgage loans to eligible first-time homebuyers in texas; provides down payment assistance to home buyers; provides short and long-term financing for the construction or improvement of single family housing in texas; provides grants for the construction or improvement of single family…

$104.1Mprogram expense
02

Asset management the corporation's single family and multifamily rental program provides affordable housing at below-market rents to income-eligible families and individuals in the austin area; the corporation also performs asset oversight and compliance monitoring for multifamily and single family bond financed properties located…

$2.0Mprogram expense
03

Texas housing impact fund (impact FUND)/FORMERLY affordable communities of texas (act) - the impact fund offers short and long-term financing for the development, acquisition, or rehabilitation of affordable rental or homeownership developments across texas creating opportunity, healthier environments and a higher quality of life for…

$647Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTexas State Affordable Housing Corporation
EINHdr · item D74-2746185
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.tsahc.org
Year of formationHdr · item L1994
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFDec 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
David Long
President
$294,144Pt VII · Sec A
Melinda Smith
Chief Financial Officer
$226,920Pt VII · Sec A
San Juanita Taylor
Executive Vice President
$220,000Pt VII · Sec A
Joniel Levecque
SR. Director Single Family Homeownership Programs
$212,813Pt VII · Sec A
$196,787Pt VII · Sec A
Dave Danenfelz
SR. Director Development Finance
$165,378Pt VII · Sec A
Katie Claflin
SR Director, Communications & Development
$156,625Pt VII · Sec A
Betsy Aldrich
Senior Accounting Manager
$130,026Pt VII · Sec A

David Long’s $294K as President is at the 38th percentile of top reported officer pay among 34 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Timothy Almquist——$521,741$263,593$254,469$241,609
Melinda Gay Smith—$222,126$197,735$367,854$172,969$151,194
David Long$294,144—————
David W Long—$234,111$231,711$237,811$223,129$208,891
Melinda Smith$226,920—————
San Juanita Taylor$220,000$218,958$160,000$157,708$143,542$130,000
Joniel Levecque$212,813—$128,153———
Laura Ross—$197,235————

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 Texas State Affordable Housing Corporation executive salaries →

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

Statement of Revenue

Part VIII
Program service revenue$88.5M · 87%
Investment income$10.0M · 10%
Contributions & grants$1.8M · 2%
Other revenue$1.2M · 1%
Program service revenue87%$88.5M
Investment income10%$10.0M
Contributions & grants2%$1.8M
Other revenue1%$1.2M
— government grantsLn 1e$1.5M
Total revenueLn 12$101.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01 Fundraising $0.00
Program services99%$108.0M
Management & general1%$631K
Fundraising$297K
Total functional expensesLn 25$108.9M

Balance Sheet

Part X · end of year
CashLn 1$47.6M
Total assetsLn 16$478.3M
Total liabilitiesLn 26$157.0M
Total net assetsLn 32$321.2M
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $210.9M · Operating expenses/yr $108.9M
23.2 months
Where the money goes
Program services
Program services $108.0M · Total expenses $108.9M
99%
Management & General
Management & general $631K · Total expenses $108.9M
1%
Fundraising
Fundraising $297K · Total expenses $108.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $199K · Solicited contributions (3-yr avg) $293K
$0.68 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $101.5M
2%
Government reliance
Government grants $1.5M · Total revenue $101.5M
1%
Earned-income share
Program service revenue $88.5M · Total revenue $101.5M
87%
Investment reliance
Investment income $10.0M · Total revenue $101.5M
+10%
Program self-sufficiency
Program service revenue $88.5M · Total expenses $108.9M
81%
Growth & trend
Revenue growth (YoY)
This year $101.5M · Prior year $85.2M
+19%
Revenue CAGR
FY2019 $46.6M · FY2024 $101.5M
+17%
Net-asset trend (YoY)
End of year $321.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $101.5M · Expenses $108.9M
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $478.3M
—
Net-asset ratio
Net assets $321.2M · Total assets $478.3M
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $163.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $478.3M
34%
People & payroll
Highest Reported Total Compensation
Individual David Long · Reported title PRESIDENT · Highest reported compensation $294K · Total expenses $108.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.9M · Total expenses $108.9M
4%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Fundraising cost ratio 17%——
Revenue growth 19%——

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
Wells Fargo FoundationFY2024$100K
Charitable Foundation Frost F0359600FY2024$5K
Total grants receivedfrom 2 funders$105K
Grants paid · 375 grants · $8.2M · 2019–2024
Homeless Network of TexasTX · FY2024$50,000
Habitat for Humanity of Smith CountyTX · FY2024$43,000
Lufkin Neighborhood StrongTX · FY2024$40,000
Katy RespondsTX · FY2024$40,000
Habitat for Humanity International INC Fort Bend Habitat for HumanityTX · FY2024$40,000
Community Outreach HousingTX · FY2024$40,000
The Restoration TeamTX · FY2024$35,000
Tejano Center for Community Concerns INCTX · FY2024$30,000
Houston Habitat for Humanity INCTX · FY2024$30,000
Youth and Family AllianceTX · FY2024$25,000
Fort Worth Area Habitat for HumanityTX · FY2024$25,000
San Antonio Metropolitan Ministries INCTX · FY2024$25,000
Recovery Resource CouncilTX · FY2024$25,000
Presbyterian Night Shelter of Tarrant CountyTX · FY2024$25,000
Panhandle Community ServicesTX · FY2024$25,000
Northwest Assistance MinistriesTX · FY2024$25,000
New Hope Housing INCTX · FY2024$25,000
Merced Housing TexasTX · FY2024$25,000
See all 375 grants →

Similar Organizations

Closest in mission — by what they do
Austin Affordable Housing CorporationTX
San Antonio Alternative Housing CorporationTX
Options for Affordable HousingLA
Metro Affordable Housing CorpTX
Guadalupe Neighborhood Development CorporationTX
Affordable Housing Development CorpFL
See all organizations like Texas State Affordable Housing Corporation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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$85.2M revenue · ⤓ 990 PDF
FY2023$88.1M revenue · ⤓ 990 PDF
FY2022$110.1M revenue · ⤓ 990 PDF
FY2021$134.2M revenue · ⤓ 990 PDF
FY2020$46.6M revenue · ⤓ 990 PDF

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

Sources

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