Skip to content
Nonprofiteer
← FOUNDATION FOR AFFORDABLE HOUSING VI INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR AFFORDABLE HOUSING VI INC.

Totals

Total revenue
$2,104,053
Total expenses
$2,698,158
Contributions and grants received
$1,366,956
Grants paid
$0
Program service revenue
$484,976
Investment income
$746
Other revenue
$251,375
Total assets, end of year
$270,019
Total liabilities, end of year
$612,236
Net assets or fund balances, end of year
-$342,217
Program services expenses (Part IX)
$674,763
Management and general expenses
$2,023,395
Fundraising expenses
$0
Program service expenses (Part III)
$674,763

Program services were 25.0% 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.

  • 1d · Related organizations

    $1,164,329

  • 1f · All other contributions, gifts and grants

    $202,627

  • 1g · Noncash contributions included above

    $58,313

  • 2a · Program service revenue: RESIDENT SERVICES

    total $484,976 · related or exempt $484,976

  • 3 · Investment income

    total $746 · excluded $746

  • 11a · Other revenue: ACCRUED PAYROLL BENEFI

    total $242,732 · related or exempt $242,732

  • 11b · Other revenue: LATE CHARGES

    total $6,775 · related or exempt $6,775

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $1,868 · related or exempt $1,868

  • 11e · Other revenue, total

    $251,375

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,734,401 · program services $380,065 · management and general $1,354,336

  • 8 · Pension plan contributions

    total $77,567 · program services $10,517 · management and general $67,050

  • 9 · Other employee benefits

    total $167,752 · program services $167,752

  • 10 · Payroll taxes

    total $134,474 · program services $22,621 · management and general $111,853

  • 11b · Fees: legal

    total $2,933 · management and general $2,933

  • 11c · Fees: accounting

    total $2,755 · management and general $2,755

  • 13 · Office expenses

    total $35,548 · management and general $35,548

  • 16 · Occupancy

    total $2,580 · management and general $2,580

  • 17 · Travel

    total $1,290 · program services $1,180 · management and general $110

  • 22 · Depreciation, depletion and amortization

    total $2,589 · management and general $2,589

  • 23 · Insurance

    total $20,823 · management and general $20,823

  • 24a · Other expenses: OTHER ADMIN EXPENSES

    total $407,562 · management and general $407,562

  • 24b · Other expenses: RESIDENT SERVICES

    total $92,628 · program services $92,628

  • 24c · Other expenses: OTHER PAYROLL EXPENSES

    total $15,256 · management and general $15,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,509 · end of year $122,346

  • 5 · Loans and receivables from officers and key people

    beginning of year $140,000 · end of year $140,000

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

    $18,797

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

    $11,124

  • 10c · Land, buildings and equipment, net

    beginning of year $9,379 · end of year $7,673

  • 25 · Other liabilities

    beginning of year $0 · end of year $612,236

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $251,888 · end of year -$342,217

Mission and programs · 2023

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW INCOME FAMILIES AND SENIOR CITIZENS.

Activities or mission (Part I)

TO PROVIDE EDUCATIONAL, SELF-IMPROVEMENT, AND SOCIAL PROGRAMS TO LOW INCOME FAMILIES AND SENIOR CITIZENS RESIDING IN SUBSIDIZED AFFORDABLE HOUSING APARTMENT UNITS.

  • HOUSING - PROVIDED EDUCATIONAL, SELF-IMPROVEMENT, AND SOCIAL PROGRAMS TO LOW INCOME FAMILIES AND SENIOR CITIZENS RESIDING IN SUBSIDIZED AFFORDABLE HOUSING APARTMENT UNITS.

    Expenses $674,763 · Revenue $736,351

As filed on the 2023 return.

Listed in Part VII

  • Darrin Willard

    PRESIDENT

    Total calculated
    $903,377
    From this org
    $0
    From related orgs
    $828,313
    Other
    $75,064
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $715,223 related
    Bonus
    $0 + $84,777 related
    Other
    $0 + $28,313 related
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $31,564 related
    Filer's total
    $0 + $903,377 related

  • Roger Teel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rj Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Erica Teel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ryan Hibbard Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Eddie Prosser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Tarun Chandran

    VICE PRESIDENT AND SECRETARY (NOT A DIRECTOR)

    Total calculated
    $660,918
    From this org
    $277,884
    From related orgs
    $329,656
    Other
    $53,378
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $276,719 + $328,173 related
    Bonus
    $0
    Other
    $1,165 + $1,483 related
    Deferred
    $0 + $21,998 related
    Nontaxable benefits
    $0 + $31,380 related
    Filer's total
    $277,884 + $383,034 related

  • Melissa Vincent

    VICE PRESIDENT AND TREASURER (NOT A DIRECTOR)

    Total calculated
    $462,111
    From this org
    $168,257
    From related orgs
    $243,675
    Other
    $50,179
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $167,292 + $222,306 related
    Bonus
    $0 + $19,892 related
    Other
    $965 + $1,477 related
    Deferred
    $0 + $18,087 related
    Nontaxable benefits
    $0 + $32,092 related
    Filer's total
    $168,257 + $293,854 related

  • Mei Luu

    VICE PRESIDENT AND ASSISTANT SECRETARY (NOT A DIRE

    Total calculated
    $252,253
    From this org
    $96,377
    From related orgs
    $114,860
    Other
    $41,016
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $96,250 + $114,860 related
    Bonus
    $0
    Other
    $127
    Deferred
    $0 + $10,506 related
    Nontaxable benefits
    $0 + $30,510 related
    Filer's total
    $96,377 + $155,876 related

  • Thomas Waldron

    KEY EMPLOYEE

    Total calculated
    $456,299
    From this org
    $188,685
    From related orgs
    $224,138
    Other
    $43,476
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $187,183 + $222,306 related
    Bonus
    $0
    Other
    $1,502 + $1,832 related
    Deferred
    $0 + $18,098 related
    Nontaxable benefits
    $0 + $25,378 related
    Filer's total
    $188,685 + $267,614 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202413179349301681

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.