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← AFFORDABLE HOUSING OPPORTUNITIES INC

Form 990 for tax year 2024

Filed by AFFORDABLE HOUSING OPPORTUNITIES INC.

Totals

Total revenue
$3,067,114
Total expenses
$6,133,095
Contributions and grants received
$0
Grants paid
$44,686
Program service revenue
$2,827,028
Investment income
$240,086
Other revenue
$0
Total assets, end of year
$79,774,288
Total liabilities, end of year
$39,949,507
Net assets or fund balances, end of year
$39,824,781
Program services expenses (Part IX)
$6,133,095
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,133,095

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $2,661,386 · related or exempt $2,661,386

  • 2b · Program service revenue: AFFORDABLE HOUSING SER

    total $165,642 · related or exempt $165,642

  • 3 · Investment income

    total $240,086 · excluded $240,086

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,686 · program services $44,686

  • 11a · Fees: management

    total $426,047 · program services $426,047

  • 11b · Fees: legal

    total $44,539 · program services $44,539

  • 11c · Fees: accounting

    total $4,000 · program services $4,000

  • 11g · Fees: other

    total $3,146 · program services $3,146

  • 13 · Office expenses

    total $19,772 · program services $19,772

  • 16 · Occupancy

    total $541,771 · program services $541,771

  • 17 · Travel

    total $891 · program services $891

  • 20 · Interest

    total $1,446,303 · program services $1,446,303

  • 22 · Depreciation, depletion and amortization

    total $1,268,351 · program services $1,268,351

  • 23 · Insurance

    total $306,852 · program services $306,852

  • 24a · Other expenses: INVESTMENT LOSS FROM AF

    total $1,365,462 · program services $1,365,462

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $373,609 · program services $373,609

  • 24c · Other expenses: BAD DEBTS

    total $201,139 · program services $201,139

  • 24d · Other expenses: EQUIPMENT & FURNITURE

    total $83,312 · program services $83,312

  • 24e · All other expenses

    total $3,215 · program services $3,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,789 · end of year $459,979

  • 4 · Accounts receivable

    beginning of year $422,739 · end of year $660,554

  • 7 · Other notes and loans receivable

    end of year $8,112,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,671 · end of year $46,163

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

    $62,094,708

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

    $13,946,978

  • 10c · Land, buildings and equipment, net

    beginning of year $47,132,687 · end of year $48,147,730

  • 12 · Investments: other securities

    beginning of year $1,664,936 · end of year $19,876,035

  • 14 · Intangible assets

    end of year $154,517

  • 15 · Other assets

    beginning of year $2,093,381 · end of year $2,317,310

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,574,506 · end of year $8,794,417

  • 19 · Deferred revenue

    beginning of year $25,574 · end of year $111,229

  • 21 · Escrow or custodial account liability

    beginning of year $54,321 · end of year $60,354

  • 23 · Secured mortgages and notes payable

    beginning of year $22,511,601 · end of year $30,983,507

  • 27 · Net assets without donor restrictions

    beginning of year $23,314,201 · end of year $39,824,781

Mission and programs · 2024

Mission

THE MISSION OF AFFORDABLE HOUSING OPPORTUNITIES, INC. (AHO) IS TO DEVELOP, OWN AND MANAGE LOW INCOME HOUSING FOR THE VERY POOREST OF THE WASHINGTON, DC METROPOLITAN AREA.

Activities or mission (Part I)

DEVELOP, OWN AND MANAGE LOW INCOME HOUSING FOR THE VERY POOREST OF THE WASHINGTON, DC AREA.

  • AFFORDABLE HOUSING SERVICES - IN 2024, SOME PROVIDED SAFE, AFFORDABLE HOUSING FOR 1486 INDIVIDUALS INCLUDING 215 FAMILIES WITH 274 CHILDREN, AS WELL AS 875 SINGLE ADULTS. SOME'S HOUSING PROVIDED SUPPORTIVE SERVICES FOR THE RESIDENTS TO HELP THEM BUILD ON THEIR STRENGTHS AND ACHIEVE GREATER INDEPENDENCE.

    Expenses $6,133,095 · Grants $44,686 · Revenue $2,827,028

As filed on the 2024 return.

Listed in Part VII

  • Michelle Barnaby

    TREASURER

    Total calculated
    $254,059
    From this org
    $0
    From related orgs
    $223,120
    Other
    $30,939
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,120 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,611 related
    Nontaxable benefits
    $0 + $16,328 related
    Filer's total
    $0 + $254,059 related

  • Ralph Boyd

    VICE PRESIDENT

    Total calculated
    $322,377
    From this org
    $0
    From related orgs
    $291,959
    Other
    $30,418
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,959 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,269 related
    Nontaxable benefits
    $0 + $17,149 related
    Filer's total
    $0 + $322,377 related

  • Sr Mary Catherine Guiler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Troy Swanda

    PRESIDENT

    Total calculated
    $289,948
    From this org
    $0
    From related orgs
    $247,419
    Other
    $42,529
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,419 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,314 related
    Nontaxable benefits
    $0 + $25,215 related
    Filer's total
    $0 + $289,948 related

  • Fr John Adams

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    20 + 20 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
CEO COMPENSATION IS ESTABLISHED BY RELATED ORGANIZATION, SOME, INC. USING THE FOLLOWING METHOD: EXECUTIVE SALARIES ARE PROPOSED BASED ON MARKET DATA FOR SIMILAR POSITIONS AND ORGANIZATIONS IN THE WASHINGTON DC AREA. THE BOARD MAKES A FINAL DETERMINATION ON THE COMPENSATION FOR THE PRESIDENT AND EXECUTIVE DIRECTOR. COMPENSATION OF OTHER POSITIONS IS DETERMINED AS PART OF SOME'S REGULAR COMPENSATION DETERMINATION PROCEDURES WHICH INCLUDES REFERENCING MARKET DATA.
PART I, LINE 4B
THE PRESIDENT EMERITUS OF SOME, VICE PRESIDENT OF AHO, IS A NAMED BENEFICIARY OF A SPLIT DOLLAR LIFE INSURANCE POLICY. DURING 2024 AHO PARENT, SOME, MADE NO PREMIUM PAYMENTS.

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

  • SOME INC

    $44,686

    TO SUPPORT THE LONG-TERM NEEDS OF AFFORDABLE 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.

  • SOME INC

    501(C)(3) · PROVIDES SUPPORT & SERVICES TO THE HOMELESS · DC

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.

  • ZH LLC

    AFFORDABLE HOUSING · DC · income $0 · assets $0

    Directly controlled by AHO INC

  • SHO LLC

    AFFORDABLE HOUSING · DC · income $0 · assets $0

    Directly controlled by AHO INC

  • BR LLC

    AFFORDABLE HOUSING · DC · income $0 · assets $0

    Directly controlled by AHO INC

  • BH LLC

    AFFORDABLE HOUSING · DC · income $168,413 · assets $1,654,418

    Directly controlled by AHO INC

  • BENNING PROGRAMS LLC

    AFFORDABLE HOUSING · DC · income $512,090 · assets $25,835,867

    Directly controlled by AHO INC

  • BENNING HEALTHCARE LLC

    AFFORDABLE HOUSING · DC · income $1,525,962 · assets $15,211,039

    Directly controlled by AHO INC

  • AP LLC

    AFFORDABLE HOUSING · DC · income $0 · assets $0

    Directly controlled by AHO INC

  • SR LLC

    AFFORDABLE HOUSING · DC · income $0 · assets $0

    Directly controlled by AHO INC

  • 2607 CONNECTICUT AVE LLC

    AFFORDABLE HOUSING · DC · income $113,168 · assets $12,374,431

    Directly controlled by AHO INC

  • 1701 LLC

    AFFORDABLE HOUSING · DC · income $0 · assets $0

    Directly controlled by AHO INC

Related partnerships

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

  • 1515 NORTH CAPITOL LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$489 · share of assets $5,977,110 · general or managing partner

    Directly controlled by 1515 NCAP LLC

  • ALTAMONT PLACE LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$34 · share of assets $67 · general or managing partner

    Directly controlled by AP LLC

  • BENNING RESIDENTIAL LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$185 · share of assets $2,414 · general or managing partner

    Directly controlled by BR LLC

  • NAYLOR ROAD LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$47 · share of assets -$163 · general or managing partner

    Directly controlled by NR LLC

  • SCATTERED SITES II LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$131 · share of assets $934 · general or managing partner

    Directly controlled by SS II LLC

  • SCATTERED SITES III LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$609,120 · share of assets $2,813 · general or managing partner

    Directly controlled by SS III LLC

  • SPRING ROAD LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$91 · share of assets $441,074 · general or managing partner

    Directly controlled by SR LLC

  • SUPPORTIVE HOUSING OPPORTUNITIES LLC

    AFFORDABLE HOUSING · DC

  • ZAGAMI HOUSE LLC

    RELATED · AFFORDABLE HOUSING · DC · 0.01% owned · share of income -$164,729 · share of assets $644,265 · general or managing partner

    Directly controlled by ZH LLC

Related corporations and trusts

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

  • 1515 NCAP LLC

    C · AFFORDABLE HOUSING · DC · 100% owned · share of income -$489 · share of assets $5,977,110 · controlled entity

    Directly controlled by AHO INC

  • AP LLC

    C · AFFORDABLE HOUSING · DC · 100% owned · share of income -$34 · share of assets $76 · controlled entity

    Directly controlled by AHO INC

  • NR LLC

    C · AFFORDABLE HOUSING · DC · 100% owned · share of income -$47 · share of assets -$99 · controlled entity

    Directly controlled by AHO INC

  • SR LLC

    C · AFFORDABLE HOUSING · DC · 100% owned · share of income -$91 · share of assets $441,074 · controlled entity

    Directly controlled by AHO INC

  • SS II LLC

    C · AFFORDABLE HOUSING · DC · 100% owned · share of income -$131 · share of assets $1,076 · controlled entity

    Directly controlled by AHO INC

  • SS III LLC

    C · AFFORDABLE HOUSING · DC · 100% owned · share of income -$609,120 · share of assets $2,813 · controlled entity

    Directly controlled by AHO INC

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202543119349300009

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