Form 990 for tax year 2024
Filed by STEWARDS OF AFFORDABLE HOUSING FOR THE FUTURE.
Totals
- Total revenue
- $2,725,306
- Total expenses
- $2,558,997
- Contributions and grants received
- $1,787,768
- Grants paid
- $37,000
- Program service revenue
- $536,361
- Investment income
- $398,284
- Other revenue
- $2,893
- Total assets, end of year
- $11,100,031
- Total liabilities, end of year
- $580,999
- Net assets or fund balances, end of year
- $10,519,032
- Program services expenses (Part IX)
- $2,150,928
- Management and general expenses
- $387,703
- Fundraising expenses
- $20,366
- Program service expenses (Part III)
- $2,150,928
Program services were 84.1% 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.
-
1b · Membership dues
$207,768
-
1f · All other contributions, gifts and grants
$1,580,000
-
2a · Program service revenue: CONSULTING INCOME
total $497,500 · related or exempt $497,500
-
2b · Program service revenue: OTHER INCOME
total $38,861 · related or exempt $38,861
-
3 · Investment income
total $398,284 · excluded $398,284
-
11a · Other revenue: UNREALIZED GAIN
total $2,893 · related or exempt $2,893
-
11e · Other revenue, total
$2,893
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $37,000 · program services $37,000
-
5 · Compensation of officers, directors and key employees
total $954,154 · program services $854,795 · management and general $89,489 · fundraising $9,870
-
7 · Other salaries and wages
total $410,046 · program services $367,346 · management and general $38,458 · fundraising $4,242
-
8 · Pension plan contributions
total $73,148 · program services $65,531 · management and general $6,860 · fundraising $757
-
9 · Other employee benefits
total $109,989 · program services $98,535 · management and general $10,316 · fundraising $1,138
-
10 · Payroll taxes
total $103,237 · program services $92,487 · management and general $9,682 · fundraising $1,068
-
11b · Fees: legal
total $153 · program services $93 · management and general $59 · fundraising $1
-
11c · Fees: accounting
total $74,819 · program services $44,920 · management and general $29,142 · fundraising $757
-
11g · Fees: other
total $278,268 · program services $267,012 · management and general $11,179 · fundraising $77
-
13 · Office expenses
total $26,449 · program services $15,879 · management and general $10,302 · fundraising $268
-
16 · Occupancy
total $196,707 · program services $84,749 · management and general $111,196 · fundraising $762
-
17 · Travel
total $146,185 · program services $135,449 · management and general $10,663 · fundraising $73
-
19 · Conferences, conventions and meetings
total $14,130 · program services $8,483 · management and general $5,504 · fundraising $143
-
22 · Depreciation, depletion and amortization
total $10,169 · program services $4,381 · management and general $5,749 · fundraising $39
-
23 · Insurance
total $33,774 · program services $20,277 · management and general $13,155 · fundraising $342
-
24a · Other expenses: MISCELLANEOUS
total $34,144 · program services $20,499 · management and general $13,299 · fundraising $346
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $26,257 · program services $15,764 · management and general $10,227 · fundraising $266
-
24c · Other expenses: TECH SUPPORT & MAINTENA
total $10,285 · program services $4,785 · management and general $5,463 · fundraising $37
-
24d · Other expenses: TELEPHONE & INTERNET
total $8,591 · program services $5,158 · management and general $3,346 · fundraising $87
-
24e · All other expenses
total $11,492 · program services $7,785 · management and general $3,614 · fundraising $93
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,456,879 · end of year $10,663,976
-
4 · Accounts receivable
beginning of year $70,316 · end of year $48,400
-
9 · Prepaid expenses and deferred charges
beginning of year $16,690 · end of year $10,215
-
10a · Land, buildings and equipment: cost or other basis
$79,727
-
10b · Land, buildings and equipment: accumulated depreciation
$65,232
-
10c · Land, buildings and equipment, net
beginning of year $24,664 · end of year $14,495
-
15 · Other assets
beginning of year $523,457 · end of year $362,945
-
17 · Accounts payable and accrued expenses
beginning of year $173,105 · end of year $190,708
-
19 · Deferred revenue
beginning of year $9,574
-
25 · Other liabilities
beginning of year $556,604 · end of year $390,291
-
27 · Net assets without donor restrictions
beginning of year $9,067,663 · end of year $9,717,234
-
28 · Net assets with donor restrictions
beginning of year $1,285,060 · end of year $801,798
Mission and programs · 2024
Mission
SAHF'S MISSION IS TO ADVANCE THE CREATION AND PRESERVATION OF HEALTHY, SUSTAINABLE AFFORDABLE RENTAL HOMES THAT FOSTER EQUITY, OPPORTUNITY, AND WELLNESS FOR PEOPLE OF LIMITED ECONOMIC RESOURCES.
Activities or mission (Part I)
TO PROMOTE THE DEVELOPMENT AND PRESERVATION OF QUALITY AFFORDABLE HOUSING, TO EDUCATE THE PUBLIC, AND TO PROMOTE THE ROLE OF NONPROFIT ENTITIES IN THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING.
-
TO PROMOTE THE DEVELOPMENT AND PRESERVATION OF QUALITY AFFORDABLE HOUSING, TO ENABLE RESIDENTS OF THAT HOUSING TO USE IT AS A PLATFORM TO IMPROVE THEIR LIVES, INCLUDING THROUGH THE COORDINATION OF RESIDENT SERVICES, TO EDUCATE THE PUBLIC, AND TO PROMOTE THE ROLE OF NONPROFIT ENTITIES IN THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING IN THE UNITED STATES. IN AID OF ITS MISSION, SAHF IS WORKING TO PROMOTE RESIDENT-CENTERED SYSTEMS APPROACHES TO DELIVERING SERVICES TO RESIDENTS OF AFFRODABLE HOUSING PROGRAMS AND HAS CREATED AND OPERATES THE CERTIFIED ORGANIZATION FOR RESIDENT ENGAGEMENT AND SERVICES PROGRAM TO PROVIDE A COMMON STANDARD AND RESOURCE FOR OWNERS, SERVICE PROVIDERS, FINANCIAL AND PHILANTHROPIC PARTNERS IN SEEKING TO SUPPORT HOUSING WITH SERVICES.
Expenses $2,150,928 · Grants $37,000 · Revenue $536,361
As filed on the 2024 return.
Listed in Part VII
-
Nicole ManchesterNICOLE MANCHESTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bart MitchellBART MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dana JohnsonDANA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David NisivocciaDAVID NISIVOCCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deidre Lal SchmidtDEIDRE LAL SCHMIDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ismael GuerreroISMAEL GUERRERO
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey K ReedJEFFREY K REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sonya BrownSONYA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matthew RuleMATTHEW RULE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Priya JayachandranPRIYA JAYACHANDRAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mansur Abdul-MalikMANSUR ABDUL-MALIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stuart HartmanSTUART HARTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas AdamsTHOMAS ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ken LombardKEN LOMBARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Raisa JohnsonRAISA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael M RuaneMICHAEL M RUANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrea R PonsorANDREA R PONSOR
PRESIDENT & CEO
- Total calculated
- $334,850
- From this org
- $309,220
- From related orgs
- $0
- Other
- $25,630
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $268,660
- Bonus
- $0
- Other
- $40,560
- Deferred
- $23,959
- Nontaxable benefits
- $1,671
- Filer's total
- $334,850
-
Alexandra Nassau-BrownstoneALEXANDRA NASSAU-BROWNSTONE
VP, RESIDENT OUTCOMES & CO
- Total calculated
- $187,158
- From this org
- $170,932
- From related orgs
- $0
- Other
- $16,226
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,816
- Bonus
- $3,000
- Other
- $28,116
- Deferred
- $13,675
- Nontaxable benefits
- $2,551
- Filer's total
- $187,158
-
Althea HarrisonALTHEA HARRISON
SENIOR VP, POLICY
- Total calculated
- $240,917
- From this org
- $198,635
- From related orgs
- $0
- Other
- $42,282
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,318
- Bonus
- $3,500
- Other
- $27,817
- Deferred
- $15,891
- Nontaxable benefits
- $26,391
- Filer's total
- $240,917
-
Lauren WestmorelandLAUREN WESTMORELAND
VP, ENERGY & SUSTAINABILIT
- Total calculated
- $175,658
- From this org
- $160,774
- From related orgs
- $0
- Other
- $14,884
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,690
- Bonus
- $4,000
- Other
- $17,084
- Deferred
- $12,333
- Nontaxable benefits
- $2,551
- Filer's total
- $175,658
-
Nicole ManchesterNICOLE MANCHESTER
DIRECTOR, DATA & ANALYTICS
- Total calculated
- $167,614
- From this org
- $114,593
- From related orgs
- $0
- Other
- $53,021
- 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. 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
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Nicole ManchesterNICOLE MANCHESTER
DIRECTOR, DATA & ANALYTICS
Schedule J breakdown
- Base
- $95,417
- Bonus
- $3,000
- Other
- $16,176
- Deferred
- $9,168
- Nontaxable benefits
- $43,853
- Filer's total
- $167,614
Answered yes
- 3 · Independent compensation consultant
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- IN 2022, SAHF HIRED AN INDEPENDENT CONSULTANT TO EVALUATE COMPARABLE CEO SALARIES.
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
-
TO SUPPORT THE IMPROVEMENT OF RENTER STABILITY THROUGH RESPONSIBLE LANDLORD PRACTICES AND EXPAND SUPPLY OF AFFORDABLE RENTAL HOUSING.
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.
-
NATIONAL AFFORDABLE HOUSING TRUST INC
501(C)(3) · PROVIDE PROGRAM AND SUPERVISORY MANAGEMENT TO LOW-INCOME HOUSING · MD
Directly controlled by LOW INCOME INVESTMENT FUND
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521649349301807
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.