Affordable Housing Network Inc
Affordable Housing Network Inc maintains strong assets and reports no officer compensation over a decade of operations.
EIN: 208640691 · Cedar Rapids, IA · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $5.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $9.6M |
| Transparency Score | 85/100 |
Is Affordable Housing Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Affordable Housing Network Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Affordable Housing Network Inc
Affordable Housing Network Inc (EIN: 208640691) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code L20. The organization reported total revenue of $6.9M and total assets of $20.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Affordable Housing Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Affordable Housing Network Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$3.4M |
| Total Assets | $18.6M |
| Total Liabilities | $9.0M |
| Net Assets | $9.6M |
| Operating Margin | 39.7% |
| Debt-to-Asset Ratio | 48.4% |
| Months of Reserves | 42.6 months |
Financial Health Grade: A
In 2023, Affordable Housing Network Inc reported a surplus of $3.4M with revenue exceeding expenses, holds 42.6 months of operating reserves (strong position), has a debt-to-asset ratio of 48.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Affordable Housing Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.1% | -23.8% | -27.8% |
| 2022 | -7.7% | +2.6% | +4.5% |
| 2021 | -0.3% | +15.8% | +0.3% |
| 2020 | +13.9% | +6.2% | +1.8% |
| 2019 | +0.5% | +6.3% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Affordable Housing Network Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Affordable Housing Network Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, indicating that no funds are allocated to officer salaries, or that these roles are compensated through other means not categorized as officer compensation on the 990 form. This is highly unusual for an organization of its size with assets exceeding $20 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Affordable Housing Network Inc's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this scale and could mask executive compensation if paid through other means or related entities.
- Significant fluctuations in annual revenue and expenses, leading to periods of substantial deficits (e.g., 202206: $1.15M deficit) and surpluses (e.g., 202306: $3.44M surplus), which could indicate unpredictable funding or project cycles.
Strengths
The following positive indicators were identified for Affordable Housing Network Inc:
- Strong asset base, consistently exceeding $18 million, indicating significant financial capacity and stability (e.g., $18,568,829 in assets for 202306).
- Positive net assets, with assets consistently higher than liabilities across all reported periods (e.g., 202306: Assets $18.57M vs. Liabilities $9.00M).
- Efficient spending, as suggested by the 0% officer compensation, implying a high proportion of funds are directed towards program services.
- Long operational history with 13 filings, demonstrating sustained commitment to its mission.
Frequently Asked Questions about Affordable Housing Network Inc
Is Affordable Housing Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Affordable Housing Network Inc (EIN: 208640691) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Affordable Housing Network Inc spend its money?
Affordable Housing Network Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Affordable Housing Network Inc tax-deductible?
Affordable Housing Network Inc is registered as a tax-exempt nonprofit (EIN: 208640691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Affordable Housing Network Inc CEO make?
Affordable Housing Network Inc's highest-compensated officer earns $20 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Affordable Housing Network Inc's spending goes to programs?
Affordable Housing Network Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Affordable Housing Network Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Affordable Housing Network Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Affordable Housing Network Inc located?
Affordable Housing Network Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 208640691. It is classified under NTEE code L20.
How many years of IRS 990 filings does Affordable Housing Network Inc have?
Affordable Housing Network Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.9M in total revenue.
How does Affordable Housing Network Inc sustain operations without reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be volunteer-based, compensated through a related entity, or that compensation is categorized differently within the 990, such as through independent contractors or other salaries and wages not specifically identified as 'officer compensation'.
What caused the significant drop in assets from $27,873,584 in 201706 to $18,568,829 in 202306?
The organization experienced a notable decrease in assets, from a high of $29,335,573 in 201506 to $18,568,829 in 202306. This could be due to various factors such as asset depreciation, sale of properties, significant debt repayment, or reclassification of assets. A detailed look into the balance sheet changes would be required to pinpoint the exact reasons.
Are the revenue fluctuations indicative of financial instability?
While revenue has fluctuated, ranging from $5.4M to $8.6M over the past decade, the organization has generally maintained a strong asset base and often generated surpluses. For example, in 202306, revenue was $8.67M against expenses of $5.22M. These fluctuations are not necessarily indicative of instability but could reflect project-based funding cycles or varying market conditions for housing development.
Filing History
IRS 990 filing history for Affordable Housing Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Affordable Housing Network Inc's revenue has declined by 30.2%, moving from $12.4M to $8.7M. Total assets decreased by 26.9% over the same period, from $25.4M to $18.6M. Total functional expenses fell by 32.8%, from $7.8M to $5.2M. In its most recent filing year (2023), Affordable Housing Network Inc reported a surplus of $3.4M, with revenue exceeding expenses. The organization holds $9.0M in liabilities against $18.6M in assets (debt-to-asset ratio: 48.4%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $5.2M | $18.6M | $9.0M | — | View 990 |
| 2022 | $5.7M | $6.9M | $25.7M | $19.3M | — | View 990 |
| 2021 | $6.2M | $6.7M | $24.6M | $17.0M | — | — |
| 2020 | $6.2M | $5.8M | $24.5M | $16.4M | — | View 990 |
| 2019 | $5.4M | $5.4M | $24.1M | $16.7M | — | View 990 |
| 2018 | $5.4M | $5.1M | $24.9M | $17.7M | — | View 990 |
| 2017 | $5.8M | $5.5M | $27.9M | $19.4M | — | View 990 |
| 2016 | $5.4M | $6.8M | $27.3M | $19.1M | — | View 990 |
| 2015 | $8.3M | $6.1M | $29.3M | $19.7M | — | View 990 |
| 2014 | $6.5M | $7.3M | $29.1M | $20.1M | — | View 990 |
| 2013 | $6.8M | $7.9M | $24.1M | $15.0M | — | View 990 |
| 2012 | $5.5M | $7.3M | $23.2M | $12.8M | — | View 990 |
| 2011 | $12.4M | $7.8M | $25.4M | $13.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $5.2M, and assets of $18.6M (revenue +52.1% year-over-year).
- 2022: Revenue of $5.7M, expenses of $6.9M, and assets of $25.7M (revenue -7.7% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.7M, and assets of $24.6M (revenue -0.3% year-over-year).
- 2020: Revenue of $6.2M, expenses of $5.8M, and assets of $24.5M (revenue +13.9% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.4M, and assets of $24.1M (revenue +0.5% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.1M, and assets of $24.9M (revenue -6.0% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.5M, and assets of $27.9M (revenue +6.6% year-over-year).
- 2016: Revenue of $5.4M, expenses of $6.8M, and assets of $27.3M (revenue -34.8% year-over-year).
- 2015: Revenue of $8.3M, expenses of $6.1M, and assets of $29.3M (revenue +26.7% year-over-year).
- 2014: Revenue of $6.5M, expenses of $7.3M, and assets of $29.1M (revenue -4.0% year-over-year).
- 2013: Revenue of $6.8M, expenses of $7.9M, and assets of $24.1M (revenue +24.7% year-over-year).
- 2012: Revenue of $5.5M, expenses of $7.3M, and assets of $23.2M (revenue -55.9% year-over-year).
- 2011: Revenue of $12.4M, expenses of $7.8M, and assets of $25.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Affordable Housing Network Inc:
Data Sources and Methodology
This transparency report for Affordable Housing Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.