Atlantic Housing Foundation Inc
98% goes to programs Thin reserves Growing revenue
Atlantic Housing Foundation Inc is a 501(c)(3) organization based in Dallas, Texas, registered in 2000, with $120,912,541 in FY2024 revenue. CharityIndex grades it C, and it directs about 98% of spending to programs.
4770 Iberia Ave Ste 100, Dallas, TX, 75207 EIN 57-1090154 Since 2000
Revenue (FY2024)
$120.9M
▲ 19.7% vs prior year
Housing median: $408K
Expenses (FY2024)
$117.6M
Net assets
-$89.9M
Employees
408
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating98% to programs
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. For Atlantic Housing Foundation Inc: 98% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +3% 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 Atlantic Housing Foundation Inc: 0 mo reserves · +3% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
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. For Atlantic Housing Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Atlantic Housing Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To foster, support, provide, acquire, construct, rehabilitate and operate qualified affordable housing for low-income persons and families, elderly, and mentally or physically disabled persons where no adequate housing exists for such persons. provide aid to the poor and distressed, provide decent, safe and sanitary housing, provide social services to low income persons and families, assist in the social and economic integration of the poor, combat community deterioration, lessen neighborhood tensions, eliminate prejudice and discrimination, and reduce the burden of government through the provision of affordable housing.in order to further assist the communities the foundation serves or will serve, the board amended the articles of incorporation to include the charitable purpose of providing student housing as part of its charitable purposes, and filed the amended articles with the irs and the south carolina secretary of state as of april 24, 2004. the board of directors concluded that
Contact & location
- Address
- 4770 Iberia Ave Ste 100, Dallas, TX, 75207
- City
- Dallas
- State
- Texas
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $62.4M (FY2015) to $120.9M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $529.2MNet assets -$89.9M
Operating margin
2.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$439.2M
Total liabilities
$529.2M
Net assets
-$89.9M
Salaries & benefits
$6.6M
6% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $120,912,541▲19.7% | $117,636,361▲4.7% | -$89,935,832▲8.1% | $439,221,223▼16.8% | 990 |
| 2023 | $101,000,581▲3.0% | $112,402,795▲5.8% | -$97,811,403▼15.0% | $528,140,962▼2.4% | 990 |
| 2022 | $98,028,406▼5.5% | $106,224,237▲3.1% | -$85,047,171▼10.5% | $540,951,595▲8.2% | 990 |
| 2021 | $103,755,815▼30.2% | $103,009,523▲9.6% | -$76,936,320▲0.7% | $500,012,699▼4.5% | 990 |
| 2020 | $148,610,400▲47.0% | $93,995,028▼2.9% | -$77,512,612▲41.3% | $523,695,373▼5.5% | 990 |
| 2019 | $101,104,174▲55.5% | $96,771,729▲41.8% | -$131,957,984▼4.9% | $554,431,677▲19.4% | 990 |
| 2018 | $65,025,066▼24.4% | $68,244,258▲0.5% | -$125,806,316▼2.8% | $464,184,556▲97.0% | 990 |
| 2017 | $86,041,444▲28.7% | $67,932,262▲3.1% | -$122,417,124▲12.8% | $235,622,325▲6.3% | 990 |
| 2016 | $66,862,186▲7.2% | $65,889,333▲2.3% | -$140,356,306▲0.3% | $221,693,784▼0.8% | 990 |
| 2015 | $62,370,121 | $64,430,416 | -$140,774,249 | $223,564,974 | 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.
Leadership & compensation (FY2024)
Highest-paid: Michael Nguyen — $574,498 (0.49% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Nguyen | President & Ceo | 40 | $574,498 |
| Wilfredo Saqueton | Cfo, Scty,treas | 40 | $289,611 |
| Carrie Stumfall | Coo | 40 | $232,354 |
| Timothy Cone | Dir Development | 40 | $225,471 |
| Heather Baker | Dir Property Mgmt | 40 | $176,862 |
| Kent Foster | Assoc Dir of Dev | 40 | $165,502 |
| Keria Caldwell | Mgr of Asset Risk | 40 | $148,835 |
| Alan Naul | Trustee | 2 | $10,000 |
| Amanda Mccullough | Trustee Li Rep | 2 | $10,000 |
| Michael Duffy | Chairman | 2 | $10,000 |
| Rachel Hayden | Trustee | 2 | $10,000 |
| Ruben Gomez | Trustee Li Rep | 2 | $10,000 |
| Stepanie Laxton | Trustee Li Rep | 2 | $10,000 |
| James Kilpatrick Smith | Trustee | 2 | $5,000 |
| Robert Voelker | Trustee | 0 | $2,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Belfor Property Restoration | Restoration | $1,458,397 |
| Jt United LLC | Unit Repairs and Turns | $108,632 |
| Perfect Gift LLC | Gift Cards | $105,809 |
Grants received · $17K total
1 grant to Atlantic Housing Foundation Inc totaling $17K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Paypal Charitable Giving Fund | General support | 2024 | $17,000 |
Grants made · $501K in FY2024
2 grants totaling $501K in FY2024. All grants made by Atlantic Housing Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Gwj Charitable Foundation Inc | Scholarships | $300,691 |
| Florida International University Foundation Inc | Scholarships and academic support | $200,000 |
Similar organizations in Housing
Housing
National Campus and Community Development Corporation Inc
Austin, TX
$90.1M
Cannual revenue
Housing
Texas State Affordable Housing Corporation
Austin, TX
$85.2M
C+annual revenue
Housing
Buckner Retirement Services Inc
Dallas, TX
$72.0M
C+annual revenue
Housing
1877 Journey
Little Elm, TX
$71.6M
Bannual revenue
- Housing
Presbyterian Village North Forefront Living
Dallas, TX
$52.0M
Dannual revenue
Housing
Crossroads Housing Development Corporation
Big Spring, TX
$50.7M
Cannual revenue
Housing
Foundation Communities Inc
Austin, TX
$50.0M
Bannual revenue
Housing
Austin Affordable Housing Corporation
Austin, TX
$46.6M
Bannual revenue
Buckner Senior Living Inc
Dallas, TX
$40.6M
Dannual revenue
Foundation Communities
Austin, TX
$39.3M
Dannual revenue
Compare Atlantic Housing Foundation Inc
Frequently asked questions
- Is Atlantic Housing Foundation Inc a legitimate nonprofit?
- Yes. Atlantic Housing Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-1090154, based in Dallas, Texas. Donations are tax-deductible.
- What is Atlantic Housing Foundation Inc's EIN?
- Atlantic Housing Foundation Inc's Employer Identification Number (EIN) is 57-1090154.
- How much revenue does Atlantic Housing Foundation Inc report?
- Atlantic Housing Foundation Inc reported $120,912,541 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Atlantic Housing Foundation Inc's spending goes to programs?
- Atlantic Housing Foundation Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Atlantic Housing Foundation Inc have?
- CharityIndex grades Atlantic Housing Foundation Inc C, based on program efficiency and fundraising cost.
- How much does Atlantic Housing Foundation Inc's highest-paid employee make?
- The highest reported compensation on Atlantic Housing Foundation Inc's latest Form 990 is $574,498, paid to Michael Nguyen (President & Ceo).
More nonprofits in Dallas
Explore more
Data for Atlantic Housing Foundation Inc (EIN 57-1090154) 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.