Form 990 for tax year 2025
Filed by AFFORDABLE HOUSING ASSOCIATES INC.
Totals
- Total revenue
- $96,145
- Total expenses
- $131,009
- Contributions and grants received
- $61,768
- Grants paid
- $0
- Program service revenue
- $33,149
- Investment income
- $1,228
- Other revenue
- $0
- Total assets, end of year
- $444,198
- Total liabilities, end of year
- $1,153,983
- Net assets or fund balances, end of year
- -$709,785
- Program services expenses (Part IX)
- $72,750
- Management and general expenses
- $58,259
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $72,750
Program services were 55.5% 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.
-
1e · Government grants (contributions)
$61,768
-
2a · Program service revenue: RENT INCOME
total $33,149 · related or exempt $33,149
-
3 · Investment income
total $1,228 · excluded $1,228
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $17,137 · program services $17,137
-
9 · Other employee benefits
total $5,680 · program services $5,680
-
10 · Payroll taxes
total $1,220 · program services $1,220
-
11a · Fees: management
total $5,856 · management and general $5,856
-
11c · Fees: accounting
total $7,432 · management and general $7,432
-
13 · Office expenses
total $4,376 · program services $4,376
-
17 · Travel
total $68 · management and general $68
-
22 · Depreciation, depletion and amortization
total $41,364 · management and general $41,364
-
23 · Insurance
total $3,539 · management and general $3,539
-
24a · Other expenses: MAINTENANCE
total $24,327 · program services $24,327
-
24b · Other expenses: UTILITIES
total $10,059 · program services $10,059
-
24c · Other expenses: PROPERTY TAXES
total $9,683 · program services $9,683
-
24d · Other expenses: SECURITY
total $208 · program services $208
-
24e · All other expenses
total $60 · program services $60
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,482 · end of year $33,096
-
2 · Savings and temporary cash investments
beginning of year $63,767 · end of year $77,364
-
4 · Accounts receivable
beginning of year $29 · end of year $408
-
9 · Prepaid expenses and deferred charges
beginning of year $1,496 · end of year $1,571
-
10a · Land, buildings and equipment: cost or other basis
$1,272,461
-
10b · Land, buildings and equipment: accumulated depreciation
$942,949
-
10c · Land, buildings and equipment, net
beginning of year $369,082 · end of year $329,512
-
15 · Other assets
beginning of year $2,252 · end of year $2,247
-
17 · Accounts payable and accrued expenses
beginning of year $3,758 · end of year $3,472
-
19 · Deferred revenue
beginning of year $43 · end of year $57
-
23 · Secured mortgages and notes payable
beginning of year $1,133,983 · end of year $1,133,983
-
25 · Other liabilities
beginning of year $2,245 · end of year $16,471
-
27 · Net assets without donor restrictions
beginning of year -$738,695 · end of year -$709,785
-
28 · Net assets with donor restrictions
beginning of year $63,774 · end of year $0
Mission and programs · 2025
Mission
PROVIDE LOW INCOME HOUSING AND LOW INCOME HOUSING ASSISTANCE TO THE ELDERLY AND DISABLED.
-
PROVIDE LOW INCOME HOUSING AND LOW INCOME HOUSING ASSISTANCE TO THE ELDERLY AND DISABLED.
Expenses $72,750 · Revenue $33,149
As filed on the 2025 return.
Listed in Part VII
-
Kat JohnsonKAT JOHNSON
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Christine NguyenCHRISTINE NGUYEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Phil BernalPHIL BERNAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mike AkerlowMIKE AKERLOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Wendy LeonelliWENDY LEONELLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Tania BirksTANIA BIRKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jamie RamosJAMIE RAMOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 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.
Schedule J
Answered yes
- 3 · 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
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 CONNECT
GOVERNMENT · HOUSING · UT
-
HOUSING OPPORTUNITIES INC
501(C)(3) · HOUSING · UT
Directly controlled by HOUSING CONNECT
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 7 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202621889349301632
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