Affordable Housing Resources Inc
Only null% goes to programs Strong reserves Growing revenue
Affordable Housing Resources Inc is a 501(c)(3) organization based in Nashville, Tennessee, registered in 1989, with $5,229,157 in FY2023 revenue. CharityIndex grades it B.
1 Vantage Way -c130, Nashville, TN, 37228 EIN 58-1857324 Since 1989
Revenue (FY2023)
$5.2M
▲ 24.4% vs prior year
Housing median: $408K
Expenses (FY2023)
$2.5M
Net assets
$11.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Affordable Housing Resources Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating54 mo reserves · +52% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Affordable Housing Resources Inc: 54 mo reserves · +52% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Affordable Housing Resources Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Affordable Housing Resources Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1 Vantage Way -c130, Nashville, TN, 37228
- City
- Nashville
- State
- Tennessee
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue declined from $8.8M (FY2013) to $5.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $15.9MNet assets $11.4M
Operating margin
51.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$27.3M
Total liabilities
$15.9M
Net assets
$11.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,229,157▲24.4% | $2,518,879▲55.7% | $11,415,863▲31.1% | $27,266,246▲4.9% | 990 |
| 2022 | $4,202,801▼9.6% | $1,617,401▼21.2% | $8,705,585▲42.2% | $25,997,448▲8.2% | 990 |
| 2021 | $4,651,138▲22.1% | $2,052,790▲4.8% | $6,120,185▲73.8% | $24,037,814▲14.6% | 990 |
| 2020 | $3,810,561▲55.9% | $1,958,699▲60.6% | $3,521,837▲111% | $20,979,124▲11.3% | 990 |
| 2019 | $2,444,699▲86.6% | $1,219,793▲10.7% | $1,669,975▲275% | $18,848,203▲13.7% | 990 |
| 2018 | $1,309,873▼37.0% | $1,101,506▲14.6% | $445,069▲88.1% | $16,582,033▲41.5% | 990 |
| 2017 | $2,078,114▲24.8% | $961,155▲0.1% | $236,555▲127% | $11,715,475▲58.7% | 990 |
| 2016 | $1,665,097▲92.4% | $959,860▲3.1% | -$876,621▲44.4% | $7,381,128▼1.7% | 990 |
| 2015 | $865,583▼10.9% | $930,885▼6.6% | -$1,576,974▼4.3% | $7,509,860▼4.3% | 990 |
| 2014 | $971,550▼89.0% | $996,247▼0.4% | -$1,511,672▼1.7% | $7,844,112▲98.5% | 990 |
| 2013 | $8,807,488 | $999,773▼16.3% | -$1,486,975▲84.0% | $3,951,229▼26.2% | 990 |
| 2012 | — | $1,194,478▲11.6% | -$9,294,690▼4.2% | $5,357,305▼9.9% | 990 |
| 2011 | — | $1,070,683▼32.7% | -$8,920,069▼355% | $5,943,776▼2.8% | 990 |
| 2010 | — | $1,591,070 | -$1,959,731 | $6,117,897 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.5M total
23 grants to Affordable Housing Resources Inc totaling $3.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Neighborhood Reinvestment Corp | General support | 2023 | $366,500 |
| Neighborhood Reinvestment Corp | General support | 2022 | $468,000 |
| Charities Aid Foundation America | Charitable donation | 2022 | $14,750 |
| Neighborhood Reinvestment Corp | General support | 2021 | $486,000 |
| The Community Fdn of Middle Tn Inc | To support rental assistance for tornado survivors referred by the tornado recovery connection | 2021 | $50,000 |
| The Community Fdn of Middle Tn Inc | To provide rental assistance payments for tornado survivors in davidson county referred through tornado recover connection | 2021 | $25,000 |
| Charities Aid Foundation America | Charitable donation | 2021 | $24,750 |
| Neighborhood Reinvestment Corp | General support | 2020 | $509,000 |
| The Community Fdn of Middle Tn Inc | To provide mortgage mitigation assistance to individuals and families affected by march 2020 tornadoes in partnership with lee ame chapel | 2020 | $25,000 |
| The Community Fdn of Middle Tn Inc | For unrestricted use | 2020 | $2,500 |
| The Community Fdn of Middle Tn Inc | Housing/comm dev | 2020 | $1,594 |
| Neighborhood Reinvestment Corp | — | 2019 | $430,000 |
| The Community Fdn of Middle Tn Inc | Housing/comm dev | 2019 | $10,000 |
| The Community Fdn of Middle Tn Inc | Housing/comm dev | 2019 | $644 |
| Neighborhood Reinvestment Corp | Unrestricted | 2018 | $219,500 |
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Frequently asked questions
- Is Affordable Housing Resources Inc a legitimate nonprofit?
- Yes. Affordable Housing Resources Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1857324, based in Nashville, Tennessee. Donations are tax-deductible.
- What is Affordable Housing Resources Inc's EIN?
- Affordable Housing Resources Inc's Employer Identification Number (EIN) is 58-1857324.
- How much revenue does Affordable Housing Resources Inc report?
- Affordable Housing Resources Inc reported $5,229,157 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Affordable Housing Resources Inc have?
- CharityIndex grades Affordable Housing Resources Inc B, based on financial health (reserves and operating margin).
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Data for Affordable Housing Resources Inc (EIN 58-1857324) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.