Skip to content
Nonprofiteer
← AFFORDABLE HOUSING EDUCATION AND DEVELOPMENT INC

Form 990 for tax year 2024

Filed by AFFORDABLE HOUSING EDUCATION AND DEVELOPMENT INC.

Totals

Total revenue
$5,012,542
Total expenses
$3,647,679
Contributions and grants received
$1,944,910
Grants paid
$226,354
Program service revenue
$3,002,694
Investment income
$76,583
Other revenue
-$11,645
Total assets, end of year
$11,621,788
Total liabilities, end of year
$2,253,932
Net assets or fund balances, end of year
$9,367,856
Program services expenses (Part IX)
$3,098,838
Management and general expenses
$529,953
Fundraising expenses
$18,888
Program service expenses (Part III)
$3,098,838

Program services were 85.0% 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.

  • 1c · Fundraising events

    $10,261

  • 1e · Government grants (contributions)

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $934,649

  • 2a · Program service revenue: Fees for Services

    total $2,002,732 · related or exempt $2,002,732

  • 2b · Program service revenue: Other Income

    total $712,280 · related or exempt $712,280

  • 2c · Program service revenue: Rental Income

    total $287,682 · related or exempt $287,682

  • 3 · Investment income

    total $28,519 · excluded $28,519

  • 7a · Gross sales of assets other than inventory

    securities $323,393

  • 7b · Less cost or other basis and sales expenses

    securities $275,329

  • 7c · Gain or loss

    securities $48,064

  • 7d · Net gain or loss

    total $48,064 · excluded $48,064

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $10,261

  • 8b · Fundraising events: direct expenses

    $11,645

  • 8c · Net income from fundraising events

    total -$11,645 · excluded -$11,645

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $226,354 · program services $226,354

  • 5 · Compensation of officers, directors and key employees

    total $113,884 · management and general $113,884

  • 7 · Other salaries and wages

    total $1,784,611 · program services $1,654,913 · management and general $117,045 · fundraising $12,653

  • 8 · Pension plan contributions

    total $86,841 · program services $75,699 · management and general $10,563 · fundraising $579

  • 9 · Other employee benefits

    total $355,221 · program services $323,634 · management and general $29,401 · fundraising $2,186

  • 10 · Payroll taxes

    total $140,942 · program services $122,558 · management and general $17,439 · fundraising $945

  • 11b · Fees: legal

    total $14,842 · management and general $14,842

  • 11c · Fees: accounting

    total $85,304 · program services $10,873 · management and general $74,431

  • 11g · Fees: other

    total $36,510 · program services $14,730 · management and general $21,742 · fundraising $38

  • 12 · Advertising and promotion

    total $9,745 · program services $5,269 · management and general $3,393 · fundraising $1,083

  • 13 · Office expenses

    total $93,510 · program services $82,693 · management and general $9,413 · fundraising $1,404

  • 14 · Information technology

    total $44,829 · program services $28,106 · management and general $16,723

  • 16 · Occupancy

    total $222,450 · program services $189,809 · management and general $32,641

  • 17 · Travel

    total $83,039 · program services $81,476 · management and general $1,563

  • 19 · Conferences, conventions and meetings

    total $48,761 · program services $32,516 · management and general $16,245

  • 20 · Interest

    total $72,641 · program services $41,391 · management and general $31,250

  • 22 · Depreciation, depletion and amortization

    total $57,553 · program services $54,504 · management and general $3,049

  • 23 · Insurance

    total $34,940 · program services $25,306 · management and general $9,634

  • 24a · Other expenses: Grant Recapture

    total $72,875 · program services $72,875

  • 24b · Other expenses: Other

    total $43,489 · program services $36,794 · management and general $6,695

  • 24c · Other expenses: Bad Debt

    total $16,016 · program services $16,016

  • 24d · Other expenses: Equipment Lease

    total $3,322 · program services $3,322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $601,255 · end of year $1,574,665

  • 3 · Pledges and grants receivable

    beginning of year $24,960 · end of year $109,917

  • 4 · Accounts receivable

    beginning of year $719,534 · end of year $723,705

  • 7 · Other notes and loans receivable

    beginning of year $4,459,355 · end of year $4,442,551

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,150 · end of year $65,986

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

    $3,136,051

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

    $1,634,324

  • 10c · Land, buildings and equipment, net

    beginning of year $1,478,006 · end of year $1,501,727

  • 11 · Investments: publicly traded securities

    beginning of year $960,862 · end of year $894,551

  • 13 · Investments: program-related

    beginning of year $801,245 · end of year $1,085,882

  • 14 · Intangible assets

    beginning of year $338,384 · end of year $281,982

  • 15 · Other assets

    beginning of year $1,255,359 · end of year $940,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $209,010 · end of year $235,306

  • 19 · Deferred revenue

    beginning of year $3,158 · end of year $89,546

  • 23 · Secured mortgages and notes payable

    beginning of year $2,172,308 · end of year $1,459,439

  • 25 · Other liabilities

    beginning of year $352,104 · end of year $469,641

  • 27 · Net assets without donor restrictions

    beginning of year $7,242,141 · end of year $8,105,989

  • 28 · Net assets with donor restrictions

    beginning of year $689,489 · end of year $1,261,867

Mission and programs · 2024

Mission

The primary purpose of Affordable Housing, Education and Development (AHEAD) Inc. (the "Corporation") is to provide opportunities for decent, safe, sanitary, affordable housing to the region's lower income people through comprehensive, cooperative programs which use community resources and emphasize education, personal initiative, democratic values, and economic empowerment. To provide opportunities to strengthen the standard of living for all community residents through retention, expansion, attraction of jobs, outreach programs and business development projects. The Corporation will be a membership-based entity.

Activities or mission (Part I)

AHEAD creates pathways to safe, affordable housing which strengthens and revitalizes rural communities.

  • Property Management - AHEAD owns and manages a portfolio of low/moderate income rental properties in nine Northern New Hampshire communities and two Northern Vermont communities.

    Expenses $2,176,462 · Revenue $2,997,694

  • Housing Development - AHEAD acquires and rehabilitates primarily substandard rental housing into quality affordable housing, and also constructs new affordable rental housing. AHEAD intends to keep thishousing available and affordable to households at or below 80% of median income for a minimum of 20 years.

    Expenses $140,694 · Grants $226,354 · Revenue $5,000

  • Homeowner and Foreclosure Counseling - AHEAD provides education and counseling services to prepare individuals for homeownership and/or financial stability.

    Expenses $781,682

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

Listed in Part VII

  • Susan Retz

    President

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Mark Hesler

    Vice President

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Martha McLeod

    Interim Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Fran Day

    Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Erik Becker

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Angela Cleveland

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Ann Dow

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Bridget Freudenberger

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Adam Hammill

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Verge

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jordan Applewhite

    Past Director

    Total calculated
    $0
    Hours/week
    0.5

  • Mark MacDonald

    Past Director

    Total calculated
    $0
    Hours/week
    0.5

  • Autumn Shultz

    Past Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kaela Tavares

    Past Director

    Total calculated
    $0
    Hours/week
    0.5

  • Benjamin Tilton

    Past Director

    Total calculated
    $0
    Hours/week
    0.5

  • Harrison Kanzler

    Executive Director

    Total calculated
    $113,884
    From this org
    $113,884
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 22.5 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.

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.

  • Beattie House Inc

    501(c)(3) · Rental low-income housing · NH · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

  • Littleton Town & Country Family Housing Inc

    501(c)(3) · Rental low-income housing · NH · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

  • Groveton Housing Corporation

    501(c)(3) · Rental low-income housing · NH · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

  • Northern Lights Housing Corporation

    501(c)(3) · Rental low-income housing · NH · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

  • AHEAD Qtr Inc

    501(c)(2) · Rental commercial property · NH · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Better Homes AHEAD

    Sale of Manufactured and Modular Homes · NH · assets $44

    Directly controlled by Affordable Housing Education & Development Inc

  • Lisbon Renewal Limited Partnership

    Rental Low-Income Housing · NH · income $862,379 · assets $1,186,803

    Directly controlled by Affordable Housing Education & Development Inc

Related partnerships

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

  • Littleton South-West Limited Partnership

    Related · Rental low-income housing · NH · 100% owned · share of income -$1,579 · share of assets $131,762 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

  • Ammonoosuc Green Limited Partnership

    Related · Rental low-income housing · NH · 100% owned · share of income -$35,400 · share of assets $2,041,290 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

  • Woodsville Maple-Walnut Limited Partnership

    Related · Rental low-income housing · NH · 100% owned · share of income -$9,232 · share of assets $362,060 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

  • Bethlehem-Pine Manor Limited Partnership

    Related · Rental low-income housing · NH · 100% owned · share of income $4,170 · share of assets $122,207 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

  • Lisbon Inn Company

    Related · Rental low-income housing · NH · 100% owned · share of income -$58,199 · share of assets $1,538,323 · general or managing partner

    Directly controlled by Northern Housing Development Corporation

  • Woodsville Opera Block Limited Partnership

    Related · Rental low-income housing · NH · 0.01% owned · share of income -$9 · share of assets $359 · general or managing partner

    Directly controlled by Cached Inc

  • McKee Inn Limited Partnership

    Related · Rental low-income housing · NH · 0.01% owned · share of income -$4 · share of assets $266 · general or managing partner

    Directly controlled by Cached Inc

  • Littleton Town & Country Limited Partnership

    Related · Rental low-income housing · NH · 0.01% owned · share of income -$16 · share of assets $387 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

  • Senior Living at Notre Dame Limited Partnership

    Related · Rental low-income housing · NH · 0.01% owned · share of income -$15 · share of assets $588 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

  • Community Living at Lloyd's Hills Limited Partnership

    Related · Rental low-income housing · NH · 0.01% owned · share of income -$35 · share of assets $947 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

  • Peeling Village at Gordon Pond LP

    Related · Rental low-income housing · NH · 100% owned · share of assets $713,046 · general or managing partner

    Directly controlled by Upper Grafton Housing Corporation

Related corporations and trusts

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

  • Upper Grafton Housing Corporation

    C · Rental low-income housing · NH · 100% owned · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

  • NHDC Inc

    C · Rental low-income housing · NH · 100% owned · share of income -$466 · share of assets -$4,712 · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

  • Northern New Hampshire Housing Corporation

    C · Rental low-income housing · NH · 100% owned · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

  • Cached Inc

    C · Rental low-income housing · NH · 79% owned · share of income -$13 · controlled entity

    Directly controlled by Affordable Housing Education & Development Inc

Provenance

Return type
form_990
Tax year
2024
Filed
17 July 2025
IRS schema version
2024v5.2
Source object
202531999349301703

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.