Affordable Housing Solutions Inc
EIN: 581918805 · Decatur, GA · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $1.6M |
| Net Assets | $4.0M |
Is Affordable Housing Solutions Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Affordable Housing Solutions Inc
Affordable Housing Solutions Inc (EIN: 581918805) is a nonprofit organization based in Decatur, GA, classified under NTEE code L20Z. The organization reported total revenue of $345K and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Affordable Housing Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Affordable Housing Solutions Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-339,189 |
| Total Assets | $9.2M |
| Total Liabilities | $5.1M |
| Net Assets | $4.0M |
| Operating Margin | -28.0% |
| Debt-to-Asset Ratio | 56.0% |
| Months of Reserves | 70.8 months |
Financial Health Grade: C
In 2023, Affordable Housing Solutions Inc reported a deficit of $339K with expenses exceeding revenue, holds 70.8 months of operating reserves (strong position), has a debt-to-asset ratio of 56.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Affordable Housing Solutions Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.4% | +477.5% | +11.4% |
| 2022 | -60.1% | -71.3% | +5.4% |
| 2021 | +7.6% | -64.8% | -4.3% |
| 2020 | -45.2% | +12.7% | -15.9% |
| 2019 | -0.5% | -26.0% | +53.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Affordable Housing Solutions Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Affordable Housing Solutions Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $339K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.0%.
Frequently Asked Questions about Affordable Housing Solutions Inc
Is Affordable Housing Solutions Inc a legitimate charity?
Affordable Housing Solutions Inc (EIN: 581918805) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $345K. No red flags identified. Financial health grade: C.
How does Affordable Housing Solutions Inc spend its money?
Affordable Housing Solutions Inc reported $345K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Affordable Housing Solutions Inc tax-deductible?
Affordable Housing Solutions Inc is registered as a tax-exempt nonprofit (EIN: 581918805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Affordable Housing Solutions Inc located?
Affordable Housing Solutions Inc is headquartered in Decatur, Georgia and files with the IRS under EIN 581918805. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Affordable Housing Solutions Inc have?
Affordable Housing Solutions 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 $345K in total revenue.
Filing History
IRS 990 filing history for Affordable Housing Solutions Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Affordable Housing Solutions Inc's revenue has grown by 531.9%, moving from $192K to $1.2M. Total assets increased by 152.9% over the same period, from $3.6M to $9.2M. Total functional expenses rose by 1501.3%, from $97K to $1.6M. In its most recent filing year (2023), Affordable Housing Solutions Inc reported a deficit of $339K, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $9.2M in assets (debt-to-asset ratio: 56.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.6M | $9.2M | $5.1M | — | — |
| 2022 | $676K | $269K | $8.2M | $3.9M | — | View 990 |
| 2021 | $1.7M | $935K | $7.8M | $3.8M | — | View 990 |
| 2020 | $1.6M | $2.7M | $8.1M | $5.3M | — | — |
| 2019 | $2.9M | $2.4M | $9.7M | $6.7M | — | View 990 |
| 2018 | $2.9M | $3.2M | $6.3M | $3.8M | — | View 990 |
| 2017 | $4.2M | $3.8M | $6.9M | $4.1M | — | — |
| 2016 | $1.8M | $2.0M | $5.0M | $2.6M | — | View 990 |
| 2015 | $2.0M | $2.1M | $5.8M | $3.2M | — | View 990 |
| 2014 | $1.8M | $2.2M | $7.1M | $5.2M | — | View 990 |
| 2013 | $2.0M | $2.5M | $9.0M | $6.6M | — | View 990 |
| 2012 | $2.3M | $1.5M | $9.1M | $6.4M | — | View 990 |
| 2011 | $192K | $97K | $3.6M | $943K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.6M, and assets of $9.2M (revenue +79.4% year-over-year).
- 2022: Revenue of $676K, expenses of $269K, and assets of $8.2M (revenue -60.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $935K, and assets of $7.8M (revenue +7.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.7M, and assets of $8.1M (revenue -45.2% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.4M, and assets of $9.7M (revenue -0.5% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.2M, and assets of $6.3M (revenue -31.6% year-over-year).
- 2017: Revenue of $4.2M, expenses of $3.8M, and assets of $6.9M (revenue +140.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.0M, and assets of $5.0M (revenue -12.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $5.8M (revenue +11.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.2M, and assets of $7.1M (revenue -11.0% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.5M, and assets of $9.0M (revenue -13.5% year-over-year).
- 2012: Revenue of $2.3M, expenses of $1.5M, and assets of $9.1M (revenue +1120.9% year-over-year).
- 2011: Revenue of $192K, expenses of $97K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Affordable Housing Solutions Inc:
Data Sources and Methodology
This transparency report for Affordable Housing Solutions 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.