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Nonprofiteer
← AHC INC

Form 990 for tax year 2023

Filed by AHC INC.

Totals

Total revenue
$2,944,714
Total expenses
$1,455,542
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,940,245
Investment income
$4,469
Other revenue
$0
Total assets, end of year
$40,862,988
Total liabilities, end of year
$23,070,566
Net assets or fund balances, end of year
$17,792,422
Program services expenses (Part IX)
$1,385,693
Management and general expenses
$69,849
Fundraising expenses
$0
Program service expenses (Part III)
$1,385,693

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST INCOME

    total $1,748,220 · related or exempt $1,748,220

  • 2b · Program service revenue: RENTAL INCOME

    total $1,165,228 · related or exempt $1,165,228

  • 2c · Program service revenue: LAUNDRY INCOME

    total $16,270 · related or exempt $16,270

  • 2d · Program service revenue: OTHER RENTAL INCOME

    total $8,509 · related or exempt $8,509

  • 2e · Program service revenue: TENANT CHARGES

    total $2,018 · related or exempt $2,018

  • 3 · Investment income

    total $4,469 · excluded $4,469

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $215,436 · program services $215,436

  • 9 · Other employee benefits

    total $20,649 · program services $20,649

  • 11a · Fees: management

    total $63,456 · management and general $63,456

  • 11b · Fees: legal

    total $678 · program services $635 · management and general $43

  • 11c · Fees: accounting

    total $6,350 · management and general $6,350

  • 12 · Advertising and promotion

    total $8,613 · program services $8,613

  • 13 · Office expenses

    total $27,369 · program services $27,369

  • 14 · Information technology

    total $11,118 · program services $11,118

  • 16 · Occupancy

    total $723,593 · program services $723,593

  • 22 · Depreciation, depletion and amortization

    total $254,746 · program services $254,746

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $123,534 · program services $123,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,056 · end of year $213,288

  • 4 · Accounts receivable

    beginning of year $23,966 · end of year $14,044

  • 7 · Other notes and loans receivable

    beginning of year $34,543,656 · end of year $35,371,246

  • 9 · Prepaid expenses and deferred charges

    beginning of year $164 · end of year $159

  • 10a · Land, buildings and equipment: cost or other basis

    $5,573,620

  • 10b · Land, buildings and equipment: accumulated depreciation

    $672,755

  • 10c · Land, buildings and equipment, net

    beginning of year $5,050,401 · end of year $4,900,865

  • 14 · Intangible assets

    end of year $92,850

  • 15 · Other assets

    beginning of year $164,994 · end of year $270,536

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,594 · end of year $21,590

  • 19 · Deferred revenue

    beginning of year $10,093 · end of year $10,391

  • 21 · Escrow or custodial account liability

    beginning of year $35,799 · end of year $35,159

  • 23 · Secured mortgages and notes payable

    end of year $3,200,000

  • 25 · Other liabilities

    beginning of year $23,648,795 · end of year $19,803,426

  • 27 · Net assets without donor restrictions

    beginning of year $16,299,956 · end of year $17,792,422

Mission and programs · 2023

Mission

TO ASSIST IN THE OPERATIONS OF DECENT, SAFE, AFFORDABLE HOUSING FOR LOW-INCOME PERSONS.

  • ON APRIL 9, 2021, LEE GARDENS HOUSING CORPORATION ACQUIRED A MULTIFAMILY APARTMENT COMPLEX FROM KATE'S TRACE LIMITED PARTNERSHIP, AN AFFILIATE, WHICH CONSISTS OF 108 UNITS LOCATED IN NEWPORT NEWS, VIRGINIA AND OPERATES UNDER THE NAME OF KATE'S TRACE APARTMENTS.

    Expenses $1,281,506 · Revenue $1,192,025

  • LEE GARDENS HOUSING CORPORATION (LEE GARDENS) PROVIDED 364 RENTAL HOUSING UNITS FOR LOW/MODERATE INCOME FAMILIES THROUGH DECEMBER 5, 2014, WHEN THE ASSET WAS SOLD TO AN AFFILIATED ENTITY. LEE GARDENS PROVIDED A SELLER TAKE BACK NOTE WHICH MATURES DECEMBER 4, 2044.

    Expenses $104,187 · Revenue $1,748,220

As filed on the 2023 return.

Listed in Part VII

  • Paul Bernard

    PRESIDENT

    Total calculated
    $366,911
    From this org
    $0
    From related orgs
    $346,604
    Other
    $20,307
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,604 related
    Bonus
    $0 + $26,000 related
    Other
    $0
    Deferred
    $0 + $8,838 related
    Nontaxable benefits
    $0 + $11,469 related
    Filer's total
    $0 + $366,911 related

  • Kenneth Crawford

    VICE PRESIDENT

    Total calculated
    $169,893
    From this org
    $0
    From related orgs
    $161,530
    Other
    $8,363
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,530 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,731 related
    Nontaxable benefits
    $0 + $6,632 related
    Filer's total
    $0 + $169,893 related

  • Steve Yeatman

    TREASURER

    Total calculated
    $302,246
    From this org
    $0
    From related orgs
    $268,397
    Other
    $33,849
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,820 related
    Bonus
    $0 + $18,577 related
    Other
    $0
    Deferred
    $0 + $20,351 related
    Nontaxable benefits
    $0 + $13,498 related
    Filer's total
    $0 + $302,246 related

  • Jennifer Endo

    SECRETARY

    Total calculated
    $224,063
    From this org
    $0
    From related orgs
    $195,474
    Other
    $28,589
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,916 related
    Bonus
    $0 + $14,558 related
    Other
    $0
    Deferred
    $0 + $15,518 related
    Nontaxable benefits
    $0 + $13,071 related
    Filer's total
    $0 + $224,063 related

  • Alan Goldstein

    VICE PRESIDENT UNTIL 9/23

    Total calculated
    $304,423
    From this org
    $0
    From related orgs
    $268,075
    Other
    $36,348
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,404 related
    Bonus
    $0 + $17,671 related
    Other
    $0
    Deferred
    $0 + $20,558 related
    Nontaxable benefits
    $0 + $15,790 related
    Filer's total
    $0 + $304,423 related

  • Walter Webdale

    FORMER PRESIDENT

    Total calculated
    $129,813
    From this org
    $0
    From related orgs
    $129,813
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,813 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $129,813 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
LEE GARDEN HOUSING CORPORATION DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE AHC, INC., RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(3). A COMPENSATION STUDY ANALYSIS IS PERFORMED FOR TOP POSITIONS. A COMPENSATION CONSULTANT WAS USED TO DETERMINE MARKET RATE COMPENSATION AS RELATED TO JOB DESCRIPTIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AHC DUNFIELD EO LLC

    RENTAL REAL ESTATE · MD

  • AHC HAMPTONS LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 10

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 11

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 15

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 2

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 20

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 26

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 27 - 9

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 29

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 3

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 30

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 5

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 6

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 7

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 8

    RENTAL REAL ESTATE · VA

  • AHC WOODLEAF LLC

    RENTAL REAL ESTATE · MD

  • BARCLAY GREENMOUNT NSA LP

    RENTAL REAL ESTATE · MD

  • FHG LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · VA

  • KIRKWOOD HOUSE PRESERVATION LP

    RENTAL REAL ESTATE · MD

  • MONTE VERDE HOUSING LP

    RENTAL REAL ESTATE · MD

  • NAUCK DEVELOPMENT PARTNERS-1 LP

    RENTAL REAL ESTATE · VA

  • O'DONNELL HEIGHTS 1 ASSOCIATES LP

    RENTAL REAL ESTATE · MD

  • O'DONNELL HEIGHTS 2 ASSOCIATES LP

    RENTAL REAL ESTATE · MD

  • PERSHING DRIVE ASSOCIATES LP

    RENTAL REAL ESTATE · VA

  • TRIANGLE PARTNERS LP

    RENTAL REAL ESTATE · VA

  • VIRGINIA GARDENS ASSOCIATES LP

    RENTAL REAL ESTATE · VA

  • WOODLANDS APARTMENTS LP

    RENTAL REAL ESTATE · MD

  • BARCLAY GREENMOUNT HOUSING ASSOCIATES LLC

    RENTAL REAL ESTATE · MD

  • LANDSDOWNE GARDENS LP

    RENTAL REAL ESTATE · MD

  • FRANKLIN SQUARE HOUSING LP

    RENTAL REAL ESTATE · MD

  • GREENSPRING OVERLOOK LP

    RENTAL REAL ESTATE · MD

  • AHC LIMITED PARTNERSHIP - 12

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 14

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 16

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 18

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 21

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 22

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 23

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 24

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 25

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 27 - 4

    RENTAL REAL ESTATE · VA

  • AHC LIMITED PARTNERSHIP - 28

    RENTAL REAL ESTATE · VA

  • AHC LP - 31 RANDOLPH

    RENTAL REAL ESTATE · MD

  • WFS2 AH4 MT LLC

    RENTAL REAL ESTATE · DC

  • WFS2 AH9 MT LLC

    RENTAL REAL ESTATE · DC

  • WFS2 AH4 MM LLC

    RENTAL REAL ESTATE · DC

  • WFS2 AH9 MM LLC

    RENTAL REAL ESTATE · DC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AHC HAMPTONS LIMITED PARTNER LLC

    C · INVESTMENT · VA

  • ARLINGTON VIEW TERRACE HOUSING CORP

    C · INVESTMENT · VA

  • AVT HOUSING CORPORATION

    C · INVESTMENT · VA

  • BROOK RUN HOUSING CORPORATION

    C · INVESTMENT · VA

  • COLONIAL VILLAGE HOUSING CORPORATION

    C · INVESTMENT · VA

  • CV HOUSING CORPORATION

    C · INVESTMENT · VA

  • EAST REED HOUSING CORPORATION

    C · INVESTMENT · VA

  • FILLMORE AVENUE HOUSING CORPORATION

    C · INVESTMENT · VA

  • FORT HENRY MANAGEMENT CORPORATION

    C · INVESTMENT · VA

  • FRANKLIN SQUARE HOUSING ASSOC LLC

    C · INVESTMENT · MD

  • GBAHC O'DONNELL HEIGHTS 1 LLC

    C · INVESTMENT · MD

  • GBAHC O'DONNELL HEIGHTS 2 LLC

    C · INVESTMENT · MD

  • GLEBE ROAD 4 HOUSING CORPORATION

    C · INVESTMENT · VA

  • GLEBE ROAD 9 HOUSING CORPORATION

    C · INVESTMENT · VA

  • GREENSPRING HOUSING ASSOCIATES LLC

    C · INVESTMENT · MD

  • HARVEY HALL MANAGEMENT CORPORATION

    C · INVESTMENT · VA

  • HISTORIC GATES CORPORATION

    C · INVESTMENT · VA

  • HOLLYBROOKE HOUSING CORPORATION

    C · INVESTMENT · VA

  • HOLLYBROOKE III HOUSING CORPORATION

    C · INVESTMENT · VA

  • HUNTER'S PARK AT CHERRYDALE CORPORATION

    C · INVESTMENT · VA

  • JORDAN HOUSING CORPOATION

    C · INVESTMENT · VA

  • KATE'S TRACE HOUSING CORPORATION

    C · INVESTMENT · VA

  • KIRKWOOD HOUSING ASSOCIATES LLC

    C · INVESTMENT · MD

  • LANDSDOWNE HOUSING CORPORATION

    C · INVESTMENT · VA

  • MAGNOLIA COMMONS HOUSING CORPORATION

    C · INVESTMENT · VA

  • MONTEVERDE HOUSING ASSOCIATES LLC

    C · INVESTMENT · MD

  • NAUCK DEVELOPMENT MANAGEMENT CORPORATION

    C · INVESTMENT · VA

  • NEW GATES CORPORATION

    C · INVESTMENT · VA

  • NEW WESTOVER CORPORATION

    C · INVESTMENT · VA

  • OLD TRIANGLE HOUSING CORPORATION

    C · INVESTMENT · VA

  • ROYAL OAKS MANAGEMENT CORPORATION

    C · INVESTMENT · VA

  • SHELTON DEVELOPMENT CORPORATION

    C · INVESTMENT · VA

  • SHIRLINGTON ROAD DEVELOPMENT CORPORATION

    C · INVESTMENT · VA

  • SPIRE HOUSING CORPORATION

    C · INVESTMENT · VA

  • SUNSET PARK HOUSING CORPORATION

    C · INVESTMENT · VA

  • THE SHELL HOUSING CORPORATION

    C · INVESTMENT · VA

  • TRIPOD HOUSING CORPORATION

    C · INVESTMENT · VA

  • VILLAGES OF BUCKINGHAM MANAGEMENT CORP

    C · INVESTMENT · VA

  • VIRGINIA GARDENS MANAGEMENT CORP

    C · INVESTMENT · VA

  • WOODBURY NORTH CONDO DEVELOPMENT INC

    C · INVESTMENT · VA

  • WOODBURY NORTH HOUSING CORPORATION

    C · INVESTMENT · VA

  • WOODBURY PARK APARTMENTS HOUSING CORPORATION

    C · INVESTMENT · VA

  • WOODLANDS HOUSING ASSOCIATES LLC

    C · INVESTMENT · MD

  • WOODS AT VICTORIA PARK HOUSING CORP

    C · INVESTMENT · VA

  • AHC WATERFRONT 4 LLC

    C · INVESTMENT · VA

  • AHC WATERFRONT 9 LLC

    C · INVESTMENT · VA

  • RANDOLPH MM HOUSING CORPORATION

    C · INVESTMENT · VA

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349307633

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