Texas State Affordable Housing Corporation
99% goes to programs $40 to raise $100 Strong reserves Declining revenue
Texas State Affordable Housing Corporation is a 501(c)(3) organization based in Austin, Texas, registered in 1994, with $85,160,892 in FY2023 revenue. CharityIndex grades it C+, and it directs about 99% of spending to programs.
6701 Shirley Ave, Austin, TX, 78752 EIN 74-2746185 Since 1994
Revenue (FY2023)
$85.2M
▼ 3.4% vs prior year
Housing median: $408K
Expenses (FY2023)
$116.0M
Net assets
$328.3M
Employees
32
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 →AProgram efficiency40% of the rating99% to programs · $40 to raise $100
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 Texas State Affordable Housing Corporation: 99% to programs · $40 to raise $100 earns a A on this criterion. See the exact thresholds →
DFinancial health25% of the rating34 mo reserves · -36% 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 Texas State Affordable Housing Corporation: 34 mo reserves · -36% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Texas State Affordable Housing Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Texas State Affordable Housing Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Provide lower income texans with housing finance options.
What they do
Texas housing impact fund (impact fund)/formerly affordable communities of texas (act) - the impact fund offers short and long-term financing for the development, acquisition, or rehabilitation of affordable rental or homeownership developments across texas creating opportunity, healthier environments and a higher quality of life for low- and moderate-income families.
Asset management the corporation's single family and multifamily rental program provides affordable housing at below-market rents to income-eligible families and individuals in the austin area; the corporation also performs asset oversight and compliance monitoring for multifamily and single family bond financed properties located throughout texas.
Expenses grants revenue multi-family housing 1,132,605 592,389 1,115,108other 234,506 0 0
Contact & location
- Address
- 6701 Shirley Ave, Austin, TX, 78752
- City
- Austin
- State
- Texas
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $16.4M (FY2013) to $85.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $162.7MNet assets $328.3M
Operating margin
-36.2%
Spent more than it raised in the latest fiscal year.
Total assets
$491.0M
Total liabilities
$162.7M
Net assets
$328.3M
Salaries & benefits
$3.9M
3% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $85,160,892▼3.4% | $116,021,894▲232% | $328,301,853▼7.6% | $490,955,663▲11.4% | 990 |
| 2022 | $88,121,465▼19.9% | $34,965,677▲265% | $355,190,669▲17.0% | $440,678,449▲34.4% | 990 |
| 2021 | $110,068,921▼18.0% | $9,567,271▲5.5% | $303,573,883▲47.9% | $327,930,726▲29.5% | 990 |
| 2020 | $134,173,909▲188% | $9,070,626▼5.6% | $205,293,135▲148% | $253,139,285▲65.9% | 990 |
| 2019 | $46,562,579▲299% | $9,612,123▲9.6% | $82,873,279▲90.8% | $152,556,646▲26.7% | 990 |
| 2018 | $11,659,601▼32.8% | $8,766,827▲18.3% | $43,436,293▲12.0% | $120,401,181▲58.2% | 990 |
| 2017 | $17,353,981▲38.8% | $7,408,776▼8.6% | $38,782,958▲27.8% | $76,098,401▼12.9% | 990 |
| 2016 | $12,505,306▲19.3% | $8,107,358▼14.8% | $30,355,024▲8.3% | $87,331,410▼26.1% | 990 |
| 2015 | $10,482,825▼20.4% | $9,518,220▼19.5% | $28,039,583▼0.8% | $118,236,021▼22.8% | 990 |
| 2014 | $13,161,453▼20.0% | $11,827,974▼16.1% | $28,252,314▼10.0% | $153,166,433▼19.9% | 990 |
| 2013 | $16,443,925 | $14,101,749 | $31,401,634 | $191,251,434 | 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 (FY2023)
Highest-paid: David W Long — $234,111 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David W Long | President | 40 | $234,111 |
| Melinda Gay Smith | Cfo | 40 | $222,126 |
| San Juanita Taylor | Executive Vice President | 40 | $218,958 |
| Laura Ross | Senior Manager Communication & Development | 40 | $197,235 |
| Joniel L Levecque | Senior Director of Single Family Homeownership | 40 | $195,176 |
| Nicholas Daniel Lawerence | Controller | 40 | $159,954 |
| Kathryn Howard | Senior Director Communication, Govt. Relations | 40 | $129,231 |
| David Wayne Danenfelzer | Senior Director Development Finance | 40 | $126,417 |
| Betsy Aldrich | Sr Accounting Manager | 40 | $107,819 |
| Cynthia Gonzales | Assistant Board Secretary | 40 | $98,186 |
| Rebecca Harrison Deleon | Board Secretary | 40 | $73,781 |
| Andy Williams | Member | 1 | — |
| Courtney Johnson-rose | Member | 1 | — |
| David Rassin | Member | 1 | — |
| Lemuel Williams | Member | 1 | — |
| Valerie Cardenas | Vice Chair | 1 | — |
| William Dietz | Chair | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Greenboro Homes | Construction Services | $507,752 |
| Harlingen Cdc | Construction Services | $431,430 |
| Urban Foundry Architecture | Architecture Services | $144,423 |
| Ja Mar Roofing | Construction Services | $133,639 |
| Ricoh USA | Monthly It Services | $120,284 |
Grants received · $215K total
3 grants to Texas State Affordable Housing Corporation totaling $215K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Local Initiatives Support Corporation | See part iv | 2022 | $198,148 |
| Local Initiatives Support Corporation | See part iv | 2021 | $7,000 |
| Austin Community Foundation | Legal expenses for predevelopment pilot launch | 2020 | $10,000 |
Grants made · $1.5M in FY2023
84 grants totaling $1.5M in FY2023 — showing the 15 largest. All grants made by Texas State Affordable Housing Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Homeless Network of Texas | Homeless data sharing network | $100,000 |
| Sgi Ventures Inc | Affordable housing construction | $78,373 |
| Jasper-newton Long Term Recovery Group | Critical repair | $40,000 |
| Family Eldercare Inc | Supportive housing services | $39,400 |
| Community Outreach Housing | Critical home repair | $35,000 |
| Austin-travis County Mental Health and Mental Retardation Center | Supportive housing services | $27,400 |
| Caritas of Austin | Supportive housing services | $27,400 |
| Meals-on-wheels Inc of Tarrant | Critical home repairs | $25,000 |
| Foundation Communities Inc | Supportive housing services | $25,000 |
| Navicore Solutions Inc | Supportive housing services (housing counseling) | $25,000 |
| Jeremiah Program | Supportive housing services | $25,000 |
| Buckner Children and Family Services Inc | Supportive housing services | $25,000 |
| Austin Habitat For Humanity Inc | Critical home repairs | $25,000 |
| Avenue Community Development Coporation | Critical home repairs | $25,000 |
| Catholic Charities of the Archdiocese of Galveston-houston | Supportive housing services | $25,000 |
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Compare Texas State Affordable Housing Corporation
Frequently asked questions
- Is Texas State Affordable Housing Corporation a legitimate nonprofit?
- Yes. Texas State Affordable Housing Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2746185, based in Austin, Texas. Donations are tax-deductible.
- What is Texas State Affordable Housing Corporation's EIN?
- Texas State Affordable Housing Corporation's Employer Identification Number (EIN) is 74-2746185.
- How much revenue does Texas State Affordable Housing Corporation report?
- Texas State Affordable Housing Corporation reported $85,160,892 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Texas State Affordable Housing Corporation's spending goes to programs?
- Texas State Affordable Housing Corporation spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Texas State Affordable Housing Corporation have?
- CharityIndex grades Texas State Affordable Housing Corporation C+, based on program efficiency and fundraising cost.
- How much does Texas State Affordable Housing Corporation's highest-paid employee make?
- The highest reported compensation on Texas State Affordable Housing Corporation's latest Form 990 is $234,111, paid to David W Long (President).
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Data for Texas State Affordable Housing Corporation (EIN 74-2746185) 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.