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← AFFORDABLE HOUSING PARTNERSHIP OF THE CAPITAL REGION INC

Form 990 for tax year 2024

Filed by AFFORDABLE HOUSING PARTNERSHIP OF THE CAPITAL REGION INC.

Totals

Total revenue
$1,895,006
Total expenses
$1,832,478
Contributions and grants received
$1,519,132
Grants paid
$0
Program service revenue
$356,607
Investment income
$4,089
Other revenue
$15,178
Total assets, end of year
$1,550,355
Total liabilities, end of year
$755,151
Net assets or fund balances, end of year
$795,204
Program services expenses (Part IX)
$1,818,676
Management and general expenses
$477
Fundraising expenses
$13,325
Program service expenses (Part III)
$1,818,676

Program services were 99.2% 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.

  • 1e · Government grants (contributions)

    $1,473,649

  • 1f · All other contributions, gifts and grants

    $45,483

  • 2a · Program service revenue: CONSULTING FEES

    total $332,957 · related or exempt $332,957

  • 2b · Program service revenue: HOME BUYER FAIR

    total $11,500 · related or exempt $11,500

  • 2c · Program service revenue: COUNSELING FEES

    total $10,150 · related or exempt $10,150

  • 2d · Program service revenue: ADMINISTRATIVE FEES

    total $2,000 · related or exempt $2,000

  • 3 · Investment income

    total $4,089 · excluded $4,089

  • 6a · Gross rents

    real property $15,178

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $15,178

  • 6d · Net rental income or loss

    total $15,178 · excluded $15,178

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $59,653 · program services $57,267 · management and general $2,386

  • 7 · Other salaries and wages

    total $520,620 · program services $498,355 · management and general $12,265 · fundraising $10,000

  • 8 · Pension plan contributions

    total $22,759 · program services $11,435 · management and general $11,324

  • 9 · Other employee benefits

    total $62,932 · program services $37,818 · management and general $25,114

  • 10 · Payroll taxes

    total $49,733 · program services $29,803 · management and general $19,930

  • 11c · Fees: accounting

    total $46,392 · program services $5,756 · management and general $40,636

  • 12 · Advertising and promotion

    total $25,467 · program services $24,957 · management and general $10 · fundraising $500

  • 13 · Office expenses

    total $9,623 · program services $64 · management and general $9,559

  • 16 · Occupancy

    total $29,814 · program services $7,400 · management and general $22,414

  • 19 · Conferences, conventions and meetings

    total $6,085 · program services $6,085

  • 20 · Interest

    total $298 · management and general $298

  • 22 · Depreciation, depletion and amortization

    total $4,120 · management and general $4,120

  • 23 · Insurance

    total $4,984 · program services $644 · management and general $4,340

  • 24a · Other expenses: DIRECT PROGRAM EXPENSE

    total $966,770 · program services $966,768 · management and general $2

  • 24b · Other expenses: PRINTING AND PUBLICATIO

    total $7,440 · program services $5,384 · management and general $731 · fundraising $1,325

  • 24c · Other expenses: TELEPHONE

    total $5,795 · program services $2,613 · management and general $3,182

  • 24d · Other expenses: POSTAGE AND SHIPPING

    total $3,661 · program services $2,925 · management and general $736

  • 24e · All other expenses

    total $6,332 · program services $161,402 · management and general -$156,570 · fundraising $1,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $112,186 · end of year $4,362

  • 2 · Savings and temporary cash investments

    beginning of year $358,774 · end of year $441,123

  • 4 · Accounts receivable

    beginning of year $707,162 · end of year $998,207

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

    $30,451

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

    $21,925

  • 10c · Land, buildings and equipment, net

    beginning of year $11,204 · end of year $8,526

  • 15 · Other assets

    beginning of year $51,119 · end of year $98,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $318,542 · end of year $435,218

  • 19 · Deferred revenue

    beginning of year $132,617 · end of year $206,000

  • 21 · Escrow or custodial account liability

    beginning of year $56,610 · end of year $78,160

  • 25 · Other liabilities

    beginning of year $0 · end of year $35,773

  • 27 · Net assets without donor restrictions

    beginning of year $703,676 · end of year $776,412

  • 28 · Net assets with donor restrictions

    beginning of year $29,000 · end of year $18,792

Mission and programs · 2024

Mission

STRENGTHEN NEIGHBORHOODS AND THE FINANCIAL INDEPENDENCE OF RESIDENTS THROUGH ADVISEMENT, FINANCIAL RESOURCES, COMMUNITY ORGANIZING AND COLLABORATION.

  • COUNSELING- THE AFFORDABLE HOUSING PARTNERSHIP (AHP) PROVIDES HOUSING COUNSELING SERVICES TO FIRST-TIME HOMEBUYERS AND EXISTING HOMEOWNERS. SERVICES ARE PROVIDED THROUGH INDIVIDUAL ADVISEMENT AND GROUP WORKSHOPS. FOR FIRST-TIME BUYERS, AHP PROVIDES MORTGAGE AND GRANT PRE-QUALIFICATION COUNSELING, CREDIT ADVICE, BUDGET COUNSELING, AND EDUCATION. AHP ALSO SERVES AS A CLEARINGHOUSE OF INFORMATION ON DOWN PAYMENT ASSISTANCE PROGRAMS, ENERGY EFFICIENCY PROGRAMS AND AFFORDABLE HOUSING PROJECTS. AHP PARTNERS WITH THE ALBANY COMMUNITY LAND TRUST (ACLT) AND OFFERS ITS BUYERS FINANCIAL COUNSELING AND ASSISTANCE. OVER 710 HOUSEHOLDS ATTENDED GROUP WORKSHOPS DURING THE YEAR. AHP COUNSELED NEARLY 570 NEW FIRST TIME HOME BUYER CLIENTS AND 128 MORTGAGE DEFAULT CLIENTS.

    Expenses $304,743 · Revenue $23,650

  • ENERGY - AHP PROVIDES OUTREACH AND ASSISTANCE TO LOW INCOME HOMEOWNERS APPLYING FOR A NYSERDA HOME ENERGY ASSESSMENT AND FINANCING TO COMPLETE HOME ENERGY IMPROVEMENTS. IN CONJUNCTION WITH THIS, AHP MANAGES A HOME REPAIR PROGRAM. ADDITIONALLY, AHP IS IMPLEMENTING A ROOFTOP SOLAR PROGRAM FOR LOW INCOME HOMEOWNERS USING PROGRAM FUNDS FROM NYSERDA. AHP ASSISTED OVER 260 HOUSEHOLDS WITH ENERGY EFFICIENCY PROJECTS DURING THE YEAR.

    Expenses $1,019,240 · Revenue $99,883

  • COMMUNITY DEVELOPMENT - AHP HAS DEVELOPED A REVITALIZATION PLAN FOR THE SHERIDAN HOLLOW NEIGHBORHOOD SURROUNDING ITS OFFICE ON ORANGE STREET. PLANNING WORK WILL BE COMPLETED BY AHP STAFF AS WELL AS SUBCONTRACTED EXPERT CONSULTANTS. AHP HAS SUPPORTED THE SHERIDAN HOLLOW NEIGHBORHOOD ASSOCIATION AS THEY HAVE WORKED TO BRING LOCAL AND STATE RESOURCES TO THIS NEIGHBORHOOD WHERE 45% OF THE HOUSEHOLDS LIVE BELOW THE POVERTY LEVEL. AHP FACILITATED MONTHLY NEIGHBORHOOD ASSOCIATION MEETINGS FOR FEEDBACK ON THE PLANNING EFFORTS COORDINATED BY AHP.

    Expenses $255,658

  • ACLT - AHP SHARES STAFF AND OFFICE SPACE/EQUIPMENT WITH THE ALBANY COMMUNITY LAND TRUST (ACLT), AN INDEPENDENT NONPROFIT ORGANIZATION THAT PROVIDES COMPLEMENTARY HOUSING DEVELOPMENT AND PROPERTY MANAGEMENT PROGRAMS. AHP IS THE EMPLOYER OF RECORD AND IS REIMBURSED BY ACLT FOR THE COST OF STAFF AND OVERHEAD EXPENSES.

    Expenses $239,035 · Revenue $233,074

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • VALERIE ALEXANDER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ELLEN STEINFELD

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KIMBERLY REILLY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARLENE MORALES

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER KENNEDY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CAITLIN BURNS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ROGER MARKOVICS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • ERIC DAHL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BOB MACLASCO

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • SUSAN COTNER

    EXECUTIVE DIRECTOR

    Total calculated
    $67,653
    From this org
    $56,913
    From related orgs
    $8,000
    Other
    $2,740
    Hours/week
    40

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.

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
2024
Filed
6 March 2026
IRS schema version
2024v5.5
Source object
202600709349300410

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