Alexandria Affordable Housing Corporation
Alexandria Affordable Housing Corporation shows strong asset growth but reports an unusual negative expense in its latest filing.
EIN: 20693187 · Alexandria, LA · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $696K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4.6 |
| Net Assets | $4.7M |
| Transparency Score | 75/100 |
Is Alexandria Affordable Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alexandria Affordable Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alexandria Affordable Housing Corporation
Alexandria Affordable Housing Corporation (EIN: 20693187) is a nonprofit organization based in Alexandria, LA, classified under NTEE code L21. The organization reported total revenue of $696K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alexandria Affordable Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alexandria Affordable Housing Corporation is a small nonprofit that has been operating for 22 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 42.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $883K |
| Total Expenses | $-239,133 |
| Surplus / Deficit | +$1.1M |
| Total Assets | $4.7M |
| Net Assets | $4.7M |
| Operating Margin | 127.1% |
Financial Health Grade: A
In 2023, Alexandria Affordable Housing Corporation reported a surplus of $1.1M with revenue exceeding expenses.
Financial Trends
Over 6 years of filings (2018–2023), Alexandria Affordable Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 42.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.5% | -128.4% | +31.6% |
| 2022 | +166.3% | +275.0% | +1.8% |
| 2021 | -42.2% | +156.5% | +3.5% |
| 2020 | -76.8% | +505.6% | +17.4% |
| 2019 | +1588.4% | -93.1% | +726.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Alexandria Affordable Housing Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Alexandria Affordable Housing Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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:
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all six filing periods, indicating that no executive salaries are being paid, which is highly unusual for an organization of its size with assets exceeding $4.6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alexandria Affordable Housing Corporation's IRS 990 filings:
- Unexplained negative expense figure ($-239,133) in the 202312 filing, which significantly distorts financial analysis.
- Consistent reporting of 0% officer compensation for an organization with over $4.6 million in assets, which is highly unusual and warrants further scrutiny regarding how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Alexandria Affordable Housing Corporation:
- Consistent growth in assets, reaching $4,671,287 in the latest period, indicating financial stability and capacity.
- Generally low or zero reported liabilities across most filing periods, suggesting sound financial management and low debt burden.
- No reported officer compensation, implying that resources are not being diverted to high executive salaries.
Frequently Asked Questions about Alexandria Affordable Housing Corporation
Is Alexandria Affordable Housing Corporation a legitimate charity?
Alexandria Affordable Housing Corporation (EIN: 20693187) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. Total revenue: $696K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Alexandria Affordable Housing Corporation spend its money?
Alexandria Affordable Housing Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Alexandria Affordable Housing Corporation tax-deductible?
Alexandria Affordable Housing Corporation is registered as a tax-exempt nonprofit (EIN: 20693187). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alexandria Affordable Housing Corporation CEO make?
Alexandria Affordable Housing Corporation's highest-compensated officer earns $4.6 annually. The organization reported $696K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Alexandria Affordable Housing Corporation's spending goes to programs?
Alexandria Affordable Housing Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alexandria Affordable Housing Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Alexandria Affordable Housing Corporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alexandria Affordable Housing Corporation located?
Alexandria Affordable Housing Corporation is headquartered in Alexandria, Louisiana and files with the IRS under EIN 20693187. It is classified under NTEE code L21.
How many years of IRS 990 filings does Alexandria Affordable Housing Corporation have?
Alexandria Affordable Housing Corporation has 6 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 $696K in total revenue.
What caused the negative expense of $-239,133 in the 202312 filing period?
The provided data does not specify the reason for the negative expense. This could indicate a significant financial gain, a reversal of prior period expenses, or a reporting error, and requires further investigation into the detailed IRS Form 990.
How does Alexandria Affordable Housing Corporation manage to operate without reporting any officer compensation?
The filings consistently show 0% officer compensation. This could mean that executive functions are performed by volunteers, compensated through other means not classified as officer compensation, or outsourced, which would be unusual for an organization of this scale.
What is the primary source of the organization's fluctuating revenue?
The provided data shows significant revenue fluctuations (e.g., $2.5M in 201912 vs. $340K in 202112). Without detailed schedules, it's unclear if this is due to grants, program service revenue, or other income sources, which impacts revenue predictability.
Filing History
IRS 990 filing history for Alexandria Affordable Housing Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Alexandria Affordable Housing Corporation's revenue has grown by 488.2%, moving from $150K to $883K. Total assets increased by 1245.7% over the same period, from $347K to $4.7M. Total functional expenses fell by 213.7%, from $210K to $-239,133.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $883K | $-239,133 | $4.7M | $0 | — | — |
| 2022 | $906K | $841K | $3.5M | $0 | — | View 990 |
| 2021 | $340K | $224K | $3.5M | $2K | — | View 990 |
| 2020 | $588K | $87K | $3.4M | $0 | — | View 990 |
| 2019 | $2.5M | $14K | $2.9M | $0 | — | View 990 |
| 2018 | $150K | $210K | $347K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $883K, expenses of $-239,133, and assets of $4.7M (revenue -2.5% year-over-year).
- 2022: Revenue of $906K, expenses of $841K, and assets of $3.5M (revenue +166.3% year-over-year).
- 2021: Revenue of $340K, expenses of $224K, and assets of $3.5M (revenue -42.2% year-over-year).
- 2020: Revenue of $588K, expenses of $87K, and assets of $3.4M (revenue -76.8% year-over-year).
- 2019: Revenue of $2.5M, expenses of $14K, and assets of $2.9M (revenue +1588.4% year-over-year).
- 2018: Revenue of $150K, expenses of $210K, and assets of $347K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alexandria Affordable Housing Corporation:
Data Sources and Methodology
This transparency report for Alexandria Affordable Housing Corporation 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.