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Nonprofiteer
← AMERICAN OPPORTUNITY FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN OPPORTUNITY FOUNDATION.

Totals

Total revenue
$0
Total expenses
$354,750
Contributions and grants received
$0
Grants paid
$350,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,077
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,077
Program services expenses (Part IX)
$350,000
Management and general expenses
$4,750
Fundraising expenses
$0
Program service expenses (Part III)
$350,000

Program services were 98.7% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $350,000 · program services $350,000

  • 11g · Fees: other

    total $4,750 · management and general $4,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $357,827 · end of year $3,077

  • 27 · Net assets without donor restrictions

    beginning of year $357,827 · end of year $3,077

Mission and programs · 2024

Mission

AOF/HOUSTON AFFORDABLE HOUSING CORP. IS A 501(C)(3) NON PROFIT ORGANIZATION WHOSE MISSION IS TO PROVIDE HIGH-QUALITY, AFFORDABLE HOUSING FOR MODERATE TO LOW INCOME HOUSEHOLDS AND THE ELDERLY IN TEXAS, PRIMARILY BY ACQUIRING AND OPERATING APARTMENT COMPLEXES WHICH LEASE TO RESIDENTS THAT MEET SPECIFIC FINANCIAL REQUIREMENTS.

Activities or mission (Part I)

THE CORPORATION WAS ORGANIZED TO ACQUIRE, REHABILITATE, AND OPERATE APARTMENT COMPLEXES FOR LOW-INCOME, ELDERLY, AND/OR MENTALLY OR PHYSICALLY DISABLED PERSONS OR FAMILIES.

  • OPERATION OF TWO APARTMENT COMPLEXES FOR LOW-INCOME AND/OR MENTALLY OR PHYSICALLY DISABLED PERSONS OR FAMILIES.

    Expenses $350,000 · Grants $350,000

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

Listed in Part VII

  • Philip J Kennedy

    TREASURER, TRUSTEE

    Total calculated
    $598,720
    From this org
    $0
    From related orgs
    $515,000
    Other
    $83,720
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $42,991 related
    Nontaxable benefits
    $0 + $40,729 related
    Filer's total
    $0 + $598,720 related

  • Kathryn T Walker

    TRUSTEE, SECRETARY

    Total calculated
    $443,415
    From this org
    $0
    From related orgs
    $380,000
    Other
    $63,415
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,000 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $42,991 related
    Nontaxable benefits
    $0 + $20,424 related
    Filer's total
    $0 + $443,415 related

  • Gabrielle Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Trudi Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Natalie Breault

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

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

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

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.

Disregarded entities

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

  • SMF VILLAGES AFFORDABLE HOUSING LLC

    AFFORDABLE HOUSING · TX

    Directly controlled by AOFHOUSTON AFFORDABLE HOUSING CORP

  • AOF GARDEN GATE FW LLC

    AFFORDABLE HOUSING · TX

    Directly controlled by AOFHOUSTON AFFORDABLE HOUSING CORP

  • AOF GARDEN GATE PLANO LLC

    AFFORDABLE HOUSING · TX

    Directly controlled by AOFHOUSTON AFFORDABLE HOUSING CORP

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349317171

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