AFFORDABLE HOUSING RESOURCES INC Charity Report

Public IRS 990 nonprofit record

AFFORDABLE HOUSING RESOURCES INC

EIN 58-1857324 · Housing Development, Construction & Management (L20)

What they do

AFFORDABLE HOUSING RESOURCES, INC. (AHR) is A NON-PROFIT ORGANIZATION WHOSE MISSION is to CREATE AFFORDABLE HOUSING and STRONG NEIGHBORHOODS. for OVER 20 YEARS, AHR HAS BEEN LAYING A FOUNDATION for SUCCESSFUL HOME OWNERSHIP for MIDDLE TENNESSEES WORKFORCE. AHR is COMMITTED to PROVIDING HOME OWNERSHIP OPPORTUNITIES for LOW to MODERATE INCOME FAMILIES, WHICH ENABLES THESE FAMILIES to BECOME SUCCESSFUL HOMEOWNERS OVER THE LONG TERM.AHR HAS DEVELOPED and SOLD OVER 1,500 SINGLE FAMILY HOMES and ASSISTED OVER 15,000 PEOPLE IN BUYING THEIR FIRST HOME THROUGH ITS 3 MAIN PROGRAMS: 1. HOME BUYER EDUCATION and FINANCIAL LITERACY PROGRAMS 2. SINGLE FAMILY HOUSING DEVELOPMENT 3. MORTGAGE LENDING PROGRAMS

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.26%of revenue went to mission work95.9% of expenses · Program services

$74.33spent for every $100 of revenueRevenue covered expenses this year.

3.06%of revenue went to management and office costs4.1% of expenses

$5.29in assets for every $1 spent this yearSome assets cannot be spent right away.

72.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $232,475 for EDDIE LATIMER (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,609,212

Mission workProgram services$5,422,60971.26% of revenue95.9% of expenses

ManagementOffice and general costs$233,0823.06% of revenue4.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,953,52125.67% of revenueShown in gray on the chart

Total expenses$5,655,69174.33% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.9% mission · 4.1% management · 0.0% fundraisingTotal expenses: 74.33% of revenue

2023Expense mix: 93.5% mission · 6.5% management · 0.0% fundraisingTotal expenses: 48.17% of revenue

2022Expense mix: 76.8% mission · 23.2% management · 0.0% fundraisingTotal expenses: 38.48% of revenue

2021Expense mix: 85.1% mission · 14.9% management · 0.0% fundraisingTotal expenses: 44.14% of revenue

2020Expense mix: 85.0% mission · 15.0% management · 0.0% fundraisingTotal expenses: 51.40% of revenue

2019Expense mix: 81.5% mission · 18.5% management · 0.0% fundraisingTotal expenses: 49.90% of revenue

2018Expense mix: 83.1% mission · 16.9% management · 0.0% fundraisingTotal expenses: 84.09% of revenue

2017Expense mix: 80.5% mission · 19.5% management · 0.0% fundraisingTotal expenses: 46.25% of revenue

Money in and money out

Revenue$7,609,212

Expenses$5,655,691

Annual surplus $1,953,521 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,422,609 · 95.9% of expenses

Management and office costs$233,082 · 4.1% of expenses

See all reported dollar amounts

Revenue$7,609,212

Expenses$5,655,691

Assets$29,939,155

Income$11,961,427

Contributions$5,506,736

Mission work (program services)$5,422,609

Management and general$233,082

Executive compensation (total)$153,833

Stocks and bonds$52,457

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

EDDIE LATIMERCEO · 40 hrs/week $232,475Base $224,917 · Other $7,558

DAN EATONDIRECTOR OF HOUSING DEVELOPMENT · 40 hrs/week $123,725Base $119,663 · Other $4,062

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

EDDIE LATIMERCEO

DAN EATONDIRECTOR OF HOUSING DEVELOPMENT

ALETA YOUNGDIRECTOR

DAVID CRANEDIRECTOR

DEWAYNE OLIVETREASURER & FINANCE CHAIR

JAMAL CAMBELL-GOOCHDIRECTOR

JAQUELINE PAUL SIMSDIRECTOR

JIM RIENIETSDIRECTOR

JOHN A BEAM IIISECRETARY & CHAIR GOVERNANCE

MARK G CALVERTDIRECTOR

PAIGE ODELLDIRECTOR

PAUL HOFFMANDIRECTOR

R DALE MITCHELLDIRECTOR

ROSEMARY NABAWEESIDIRECTOR

W PERRY BLANDFORDBOARD CHAIR

About this charity

Recognized since: January 1989
Location: 1 VANTAGE WAY C130, NASHVILLE, TN 37228
County: Davidson
In care of: EDDIE LATIMER
Primary officer: EDDIE LATIMER, CEO

How to reach them

WebsiteVisit the charity’s website Phone(615) 251-0025

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LBMC PC
NTEE classification: Housing Development, Construction & Management (L20)
IRS tax category: Housing Development, Construction & Management