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← PUBLIC AND AFFORDABLE HOUSING RESEARCH CORPORATION

Form 990 for tax year 2024

Filed by PUBLIC AND AFFORDABLE HOUSING RESEARCH CORPORATION.

Totals

Total revenue
$1,314,811
Total expenses
$1,140,974
Contributions and grants received
$1,218,500
Grants paid
$0
Program service revenue
$56,546
Investment income
$39,765
Other revenue
$0
Total assets, end of year
$452,522
Total liabilities, end of year
$256,057
Net assets or fund balances, end of year
$196,465
Program services expenses (Part IX)
$708,005
Management and general expenses
$432,969
Fundraising expenses
$0
Program service expenses (Part III)
$708,005

Program services were 62.1% 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

    $1,198,000

  • 1f · All other contributions, gifts and grants

    $20,500

  • 2a · Program service revenue: SUBSCRIPTION FEES

    total $49,679 · related or exempt $49,679

  • 2b · Program service revenue: CONSULTING SERVICES

    total $6,867 · related or exempt $6,867

  • 3 · Investment income

    total $39,765 · excluded $39,765

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $619,271 · program services $408,755 · management and general $210,516

  • 8 · Pension plan contributions

    total $67,198 · program services $45,565 · management and general $21,633

  • 9 · Other employee benefits

    total $84,617 · program services $49,240 · management and general $35,377

  • 10 · Payroll taxes

    total $41,645 · program services $29,843 · management and general $11,802

  • 11b · Fees: legal

    total $3,332 · program services $778 · management and general $2,554

  • 11c · Fees: accounting

    total $19,878 · management and general $19,878

  • 11g · Fees: other

    total $61,740 · program services $31,918 · management and general $29,822

  • 12 · Advertising and promotion

    total $28,077 · program services $27,787 · management and general $290

  • 13 · Office expenses

    total $30,863 · program services $12,647 · management and general $18,216

  • 14 · Information technology

    total $62,678 · program services $43,589 · management and general $19,089

  • 16 · Occupancy

    total $14,014 · management and general $14,014

  • 17 · Travel

    total $30,877 · program services $18,790 · management and general $12,087

  • 19 · Conferences, conventions and meetings

    total $13,574 · program services $7,240 · management and general $6,334

  • 22 · Depreciation, depletion and amortization

    total $17,127 · program services $11,305 · management and general $5,822

  • 23 · Insurance

    total $10,583 · management and general $10,583

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $12,216 · program services $8,792 · management and general $3,424

  • 24b · Other expenses: OTHER TAXES

    total $7,255 · management and general $7,255

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $5,597 · program services $3,703 · management and general $1,894

  • 24d · Other expenses: EVENT SUPPORT

    total $4,773 · program services $4,773

  • 24e · All other expenses

    total $5,659 · program services $3,280 · management and general $2,379

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $216,854 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $449,977

  • 4 · Accounts receivable

    beginning of year $15,850 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,627 · end of year $811

  • 15 · Other assets

    beginning of year $0 · end of year $1,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,522 · end of year $109,587

  • 19 · Deferred revenue

    beginning of year $30,812 · end of year $37,916

  • 25 · Other liabilities

    beginning of year $106,369 · end of year $108,554

  • 27 · Net assets without donor restrictions

    beginning of year $22,628 · end of year $196,465

Mission and programs · 2024

Mission

TO PROVIDE INDEPENDENT RESEARCH AND RELEVANT DATA TO SUPPORT THE EFFORTS OF THE PUBLIC AND AFFORDABLE HOUSING INDUSTRY AND ITS STAKEHOLDERS.

  • RESEARCH PROJECTS THAT INFORM AND EDUCATE RESIDENTS, OWNERS, OPERATORS, DEVELOPERS, VENDORS, AND REGULATORS OF PUBLIC AND AFFORDABLE HOUSING THROUGHOUT THE UNITED STATES.

    Expenses $708,005 · Revenue $56,546

As filed on the 2024 return.

Listed in Part VII

  • Edelmiro Hinojosa

    BOARD MEMBER UNTIL 8/24

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Duane Hopkins

    BOARD MEMBER UNTIL 9/24

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Anthony Johnson

    BOARD MEMBER BEGIN 9/24

    Total calculated
    $9,538
    From this org
    $0
    From related orgs
    $9,538
    Other
    $0
    Hours/week
    1 + 3 related

  • Edwin Lowndes

    BOARD MEMBER

    Total calculated
    $39,200
    From this org
    $0
    From related orgs
    $39,200
    Other
    $0
    Hours/week
    1 + 3 related

  • Fernando Aniban

    BOARD MEMBER

    Total calculated
    $39,052
    From this org
    $0
    From related orgs
    $39,052
    Other
    $0
    Hours/week
    1 + 3 related

  • Rusty Young

    BOARD MEMBER

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    1 + 3 related

  • James Dipaolo

    BOARD MEMBER

    Total calculated
    $40,076
    From this org
    $0
    From related orgs
    $40,076
    Other
    $0
    Hours/week
    1 + 3 related

  • Douglas Dzema

    BOARD MEMBER

    Total calculated
    $40,076
    From this org
    $0
    From related orgs
    $40,076
    Other
    $0
    Hours/week
    1 + 3 related

  • Kevin L Loso

    BOARD MEMBER

    Total calculated
    $40,100
    From this org
    $0
    From related orgs
    $40,100
    Other
    $0
    Hours/week
    1 + 3 related

  • Richard Browne

    BOARD MEMBER

    Total calculated
    $40,100
    From this org
    $0
    From related orgs
    $40,100
    Other
    $0
    Hours/week
    1 + 3 related

  • Mary Smith

    BOARD MEMBER

    Total calculated
    $40,224
    From this org
    $0
    From related orgs
    $40,224
    Other
    $0
    Hours/week
    1 + 3 related

  • Vince Pearson

    BOARD MEMBER

    Total calculated
    $41,300
    From this org
    $0
    From related orgs
    $41,300
    Other
    $0
    Hours/week
    1 + 3 related

  • Jane W Smith

    BOARD MEMBER

    Total calculated
    $41,552
    From this org
    $0
    From related orgs
    $41,552
    Other
    $0
    Hours/week
    1 + 3 related

  • Jeffery Patterson

    BOARD VICE CHAIR

    Total calculated
    $45,124
    From this org
    $0
    From related orgs
    $45,124
    Other
    $0
    Hours/week
    1 + 3 related

  • Scott Bertrand

    BOARD CHAIR

    Total calculated
    $50,080
    From this org
    $0
    From related orgs
    $50,080
    Other
    $0
    Hours/week
    1 + 3 related

  • Edmund Malaspina

    PRESIDENT & CEO

    Total calculated
    $985,879
    From this org
    $0
    From related orgs
    $888,066
    Other
    $97,813
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $542,474 related
    Bonus
    $0 + $345,592 related
    Other
    $0
    Deferred
    $0 + $54,905 related
    Nontaxable benefits
    $0 + $42,908 related
    Filer's total
    $0 + $985,879 related

  • Paul Lagonigro

    CHIEF FINANCIAL OFFICER BEGIN 1/24

    Total calculated
    $350,234
    From this org
    $0
    From related orgs
    $265,018
    Other
    $85,216
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,397 related
    Bonus
    $0 + $49,621 related
    Other
    $0
    Deferred
    $0 + $42,308 related
    Nontaxable benefits
    $0 + $42,908 related
    Filer's total
    $0 + $350,234 related

  • Courtney Rice

    CHIEF COMM. OFFICER UNTIL 5/24

    Total calculated
    $446,708
    From this org
    $0
    From related orgs
    $394,093
    Other
    $52,615
    Hours/week
    5 + 32.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,301 related
    Bonus
    $0 + $98,623 related
    Other
    $0 + $102,169 related
    Deferred
    $0 + $18,798 related
    Nontaxable benefits
    $0 + $33,817 related
    Filer's total
    $0 + $446,708 related

  • Amy Galvin

    CHIEF GOVERNANCE AND HR OFFICER & CORP. SECRETARY

    Total calculated
    $477,316
    From this org
    $0
    From related orgs
    $380,503
    Other
    $96,813
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,116 related
    Bonus
    $0 + $126,387 related
    Other
    $0
    Deferred
    $0 + $54,905 related
    Nontaxable benefits
    $0 + $41,908 related
    Filer's total
    $0 + $477,316 related

  • Sherryl Sullivan

    CHIEF INSURANCE OFFICER

    Total calculated
    $477,109
    From this org
    $0
    From related orgs
    $406,926
    Other
    $70,183
    Hours/week
    2.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,285 related
    Bonus
    $0 + $127,641 related
    Other
    $0
    Deferred
    $0 + $54,905 related
    Nontaxable benefits
    $0 + $15,278 related
    Filer's total
    $0 + $477,109 related

  • Troy Lepage

    EXECUTIVE VP & COO BEGIN 1/24

    Total calculated
    $557,131
    From this org
    $0
    From related orgs
    $463,414
    Other
    $93,717
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,937 related
    Bonus
    $0 + $131,477 related
    Other
    $0
    Deferred
    $0 + $51,287 related
    Nontaxable benefits
    $0 + $42,430 related
    Filer's total
    $0 + $557,131 related

  • Trevor Horn

    ASSISTANT CORP. SECRETARY BEGIN 5/24

    Total calculated
    $218,961
    From this org
    $0
    From related orgs
    $158,244
    Other
    $60,717
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,087 related
    Bonus
    $0 + $19,157 related
    Other
    $0
    Deferred
    $0 + $20,809 related
    Nontaxable benefits
    $0 + $39,908 related
    Filer's total
    $0 + $218,961 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

  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION UNDER A COMMON PAYMASTER ARRANGEMENT. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4A
DURING CALENDAR YEAR 2024, COURTNEY RICE RECEIVED SEVERANCE PAYMENTS FROM THE RELATED ORGANIZATION TOTALING $102,169. THIS AMOUNT WAS TREATED AS TAXABLE COMPENSATION AND IS INCLUDED IN FORM 990, SCHEDULE J, PART II, COLUMN B(III).
PART I, LINE 7
DURING CALENDAR YEAR 2024, EACH OF THE INDIVIDUALS WITH REPORTABLE COMPENSATION ON FORM 990, PART VII, SECTION A WAS ELIGIBLE FOR A NONFIXED BONUS UNDER THE HAI GROUP ANNUAL INCENTIVE PLAN (AIP). THE AIP IS BASED ON ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE CRITERIA, WITH THE BOARD AND EXECUTIVE MANAGEMENT HAVING DISCRETION OVER THE BONUS POOL.

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.

  • HOUSING AUTHORITY INSURANCE INC

    501(C)(4) · DEVELOPMENT AND MARKETING OF RISK MANAGEMENT AND INSURANCE PROGRAMS · DC

  • HOUSING AUTHORITY RISK RETENTION GROUP INC

    PROVIDES LIABILITY INS. COVERAGE TO MEMBERS OF PHA'S IN THE U.S. · VT

  • HOUSING AUTHORITY PROPERTY INSURANCE A MUTUAL COMPANY

    PROVIDES PROPERTY INS. COVERAGE TO MEMBERS OF PHA'S IN THE U.S. · VT

  • HOUSING TELECOMMUNICATIONS INC

    501(C)(3) · PROVIDE EDUCATION & RISK CONTROL THROUGH NATIONAL TELECOMMUNICATIONS NETWORK · CT

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 corporations and trusts

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

  • HOUSING INVESTMENT GROUP INC

    C · HOLDING COMPANY · DE

  • HOUSING ENTERPRISE INSURANCE COMPANY INC

    C · INSURANCE · VT

  • HOUSING INSURANCE SERVICES INC

    C · INSURANCE AGENCY · CT

  • HOUSING SPECIALTY INSURANCE COMPANY INC

    C · INSURANCE · VT

  • INNOVATIVE HOUSING INSURANCE COMPANY INC

    C · INSURANCE COMPANY · VT

  • HOUSING ALLIANCE GROUP LLC

    C · ASSISTING PUBLIC HOUSING AUTHORITIES · VT

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349307988

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