Affordable Housing Opportunities Inc
Affordable Housing Opportunities Inc. shows substantial asset growth but frequently reports expenses exceeding revenue.
EIN: 201237467 · Washington, DC · NTEE: L21 · Updated: 2026-03-28
Is Affordable Housing Opportunities 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 Opportunities Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Affordable Housing Opportunities Inc
Affordable Housing Opportunities Inc (EIN: 201237467) is a nonprofit organization based in Washington, DC, classified under NTEE code L21. The organization reported total revenue of $3.1M and total assets of $79.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Affordable Housing Opportunities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Affordable Housing Opportunities Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-567,295 |
| Total Assets | $51.5M |
| Total Liabilities | $28.2M |
| Net Assets | $23.3M |
| Operating Margin | -16.8% |
| Debt-to-Asset Ratio | 54.7% |
| Months of Reserves | 156.8 months |
Financial Health Grade: C
In 2023, Affordable Housing Opportunities Inc reported a deficit of $567K with expenses exceeding revenue, holds 156.8 months of operating reserves (strong position), has a debt-to-asset ratio of 54.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Affordable Housing Opportunities Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.1% | -5.6% | +24.9% |
| 2022 | +726.5% | -3.5% | -2.3% |
| 2021 | -5.2% | +2.5% | -2.9% |
| 2020 | +15.1% | -1.0% | -2.1% |
| 2019 | -7.5% | +36.7% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Opportunities 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 Opportunities 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 deficit of $567K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization managing nearly $80 million in assets.
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 Opportunities Inc's IRS 990 filings:
- Frequent reporting of expenses exceeding revenue, raising questions about long-term operational sustainability without external capital injections.
- 0% officer compensation reported across all filings, which is highly unusual for an organization managing nearly $80 million in assets and could indicate a lack of transparency in executive remuneration.
- Significant year-over-year revenue volatility (e.g., $26M in 2022 vs. $3M in 2023) without clear explanation in summary data, suggesting reliance on infrequent large transactions.
Strengths
The following positive indicators were identified for Affordable Housing Opportunities Inc:
- Strong asset growth, from $8.6M in 2014 to $79.7M currently, indicating successful capital accumulation and investment in its mission.
- Consistent filing history (14 filings), demonstrating good transparency and compliance with IRS reporting requirements.
- Focus on affordable housing (NTEE L21) with substantial assets dedicated to the mission.
- Low reported administrative and fundraising costs, as implied by 0% officer compensation, suggesting efficient use of funds at the executive level.
Frequently Asked Questions about Affordable Housing Opportunities Inc
Is Affordable Housing Opportunities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Affordable Housing Opportunities Inc (EIN: 201237467) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Affordable Housing Opportunities Inc spend its money?
Affordable Housing Opportunities Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Affordable Housing Opportunities Inc tax-deductible?
Affordable Housing Opportunities Inc is registered as a tax-exempt nonprofit (EIN: 201237467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Affordable Housing Opportunities Inc. sustain operations given that expenses frequently exceed revenue?
The organization's financial filings show a pattern where expenses often surpass revenue, for example, $3,940,529 in expenses against $3,373,234 in revenue in 2023. This could be sustained through drawing down reserves, non-cash expenses like depreciation, or relying on asset appreciation and debt financing, which is common for real estate-focused nonprofits.
What caused the significant revenue spike to $26,244,241 in 2022?
The dramatic increase in revenue in 2022 from typical levels around $3 million suggests a major financial event, such as a large capital grant, a significant property sale, or a substantial refinancing transaction. Further investigation into the 2022 990 filing would clarify the source of this income.
What is the nature of the organization's substantial liabilities, which were $28,166,002 in 2023?
Given the organization's mission in affordable housing and its significant asset base of $79,774,288, these liabilities likely represent mortgages, construction loans, or other debt financing used to acquire, develop, and maintain its housing properties.
How does the organization manage executive compensation, given the reported 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and asset base. It suggests that executive roles might be filled by volunteers, compensated through a related entity, or that compensation is categorized differently within the 990, warranting further scrutiny.
Filing History
IRS 990 filing history for Affordable Housing Opportunities Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Affordable Housing Opportunities Inc's revenue has grown by 15.1%, moving from $2.9M to $3.4M. Total assets increased by 466% over the same period, from $9.1M to $51.5M. Total functional expenses rose by 167.1%, from $1.5M to $3.9M. In its most recent filing year (2023), Affordable Housing Opportunities Inc reported a deficit of $567K, with expenses exceeding revenue. The organization holds $28.2M in liabilities against $51.5M in assets (debt-to-asset ratio: 54.7%), resulting in net assets of $23.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.9M | $51.5M | $28.2M | — | — |
| 2022 | $26.2M | $4.2M | $41.2M | $17.3M | — | View 990 |
| 2021 | $3.2M | $4.3M | $42.2M | $40.4M | — | View 990 |
| 2020 | $3.4M | $4.2M | $43.5M | $40.5M | — | — |
| 2019 | $2.9M | $4.3M | $44.4M | $40.6M | — | View 990 |
| 2018 | $3.1M | $3.1M | $45.8M | $40.6M | — | View 990 |
| 2017 | $1.6M | $1.7M | $48.4M | $43.1M | — | View 990 |
| 2016 | $1.3M | $1.6M | $46.5M | $41.2M | — | View 990 |
| 2015 | $1.3M | $1.5M | $44.8M | $39.3M | — | View 990 |
| 2014 | $3.1M | $1.4M | $8.7M | $5.0M | — | View 990 |
| 2013 | $1.1M | $1.4M | $8.8M | $6.8M | — | View 990 |
| 2012 | $1.1M | $1.3M | $11.1M | $8.7M | — | View 990 |
| 2011 | $564K | $762K | $9.0M | $6.5M | — | View 990 |
| 2011 | $2.9M | $1.5M | $9.1M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.9M, and assets of $51.5M (revenue -87.1% year-over-year).
- 2022: Revenue of $26.2M, expenses of $4.2M, and assets of $41.2M (revenue +726.5% year-over-year).
- 2021: Revenue of $3.2M, expenses of $4.3M, and assets of $42.2M (revenue -5.2% year-over-year).
- 2020: Revenue of $3.4M, expenses of $4.2M, and assets of $43.5M (revenue +15.1% year-over-year).
- 2019: Revenue of $2.9M, expenses of $4.3M, and assets of $44.4M (revenue -7.5% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.1M, and assets of $45.8M (revenue +99.3% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $48.4M (revenue +18.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.6M, and assets of $46.5M (revenue -0.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.5M, and assets of $44.8M (revenue -56.2% year-over-year).
- 2014: Revenue of $3.1M, expenses of $1.4M, and assets of $8.7M (revenue +180.2% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.4M, and assets of $8.8M (revenue -4.0% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.3M, and assets of $11.1M (revenue +102.8% year-over-year).
- 2011: Revenue of $564K, expenses of $762K, and assets of $9.0M (revenue -80.8% year-over-year).
- 2011: Revenue of $2.9M, expenses of $1.5M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Affordable Housing Opportunities Inc:
Data Sources and Methodology
This transparency report for Affordable Housing Opportunities 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.