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Nonprofiteer
← AFRICAN AMERICAN ALLIANCE FOR HOME OWNERSHIP INC

Form 990 for tax year 2024

Filed by AFRICAN AMERICAN ALLIANCE FOR HOME OWNERSHIP INC.

Totals

Total revenue
$4,761,251
Total expenses
$4,537,770
Contributions and grants received
$4,547,469
Grants paid
$0
Program service revenue
$213,782
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,707,811
Total liabilities, end of year
$8,349
Net assets or fund balances, end of year
$1,699,462
Program services expenses (Part IX)
$3,903,072
Management and general expenses
$544,027
Fundraising expenses
$90,671
Program service expenses (Part III)
$3,903,072

Program services were 86.0% 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.

  • 1e · Government grants (contributions)

    $4,547,469

  • 2a · Program service revenue: EVENT INCOME

    total $29,741 · related or exempt $29,741

  • 2b · Program service revenue: HOMEBUYER CLASSES

    total $1,313 · related or exempt $1,313

  • 2c · Program service revenue: PROGRAM REVENUE

    total $182,728 · related or exempt $182,728

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $124,435 · program services $107,014 · management and general $14,932 · fundraising $2,489

  • 7 · Other salaries and wages

    total $634,549 · program services $545,712 · management and general $76,146 · fundraising $12,691

  • 9 · Other employee benefits

    total $57,160 · program services $49,158 · management and general $6,859 · fundraising $1,143

  • 10 · Payroll taxes

    total $64,126 · program services $55,148 · management and general $7,695 · fundraising $1,283

  • 11c · Fees: accounting

    total $10,655 · program services $9,163 · management and general $1,279 · fundraising $213

  • 11g · Fees: other

    total $110,336 · program services $94,889 · management and general $13,240 · fundraising $2,207

  • 12 · Advertising and promotion

    total $2,739 · program services $2,355 · management and general $329 · fundraising $55

  • 13 · Office expenses

    total $79,969 · program services $68,774 · management and general $9,596 · fundraising $1,599

  • 14 · Information technology

    total $12,801 · program services $11,009 · management and general $1,536 · fundraising $256

  • 16 · Occupancy

    total $56,713 · program services $48,773 · management and general $6,806 · fundraising $1,134

  • 22 · Depreciation, depletion and amortization

    total $4,218 · program services $4,218

  • 23 · Insurance

    total $17,110 · program services $14,715 · management and general $2,053 · fundraising $342

  • 24a · Other expenses: STAFF AND MEETING EXPENSES

    total $21,547 · program services $18,530 · management and general $2,586 · fundraising $431

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,398 · program services $7,222 · management and general $1,008 · fundraising $168

  • 24c · Other expenses: PROGRAM SERVICE EXPENSES

    total $3,324,805 · program services $2,859,332 · management and general $398,977 · fundraising $66,496

  • 24e · All other expenses

    total $8,209 · program services $7,060 · management and general $985 · fundraising $164

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $941,564 · end of year $1,161,973

  • 4 · Accounts receivable

    beginning of year $524,695 · end of year $466,694

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

    $92,672

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

    $13,528

  • 10c · Land, buildings and equipment, net

    beginning of year $2,014 · end of year $79,144

  • 17 · Accounts payable and accrued expenses

    beginning of year -$90 · end of year $8,349

  • 25 · Other liabilities

    beginning of year -$1,113

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,469,476 · end of year $1,699,462

Mission and programs · 2024

Mission

INCREASE HOMEOWNERSHIP AND ECONOMIC STABILITY FOR AFRICAN AMERICANS AND OTHER UNDERSERVED INDIVIDUALS BY PROVIDING ACCESS TO ADVOCACY, AWARENESS AND EDUCATION.

  • AAAH PROVIDES CLIENTS WITH A PRE-PURCHASE, HUD CERTIFIED COUNSELOR TO GUIDE THEM THROUGH THE HOME BUYING PROCESS. COUNSELORS ALSO HELP THE CLIENTS TO BECOME MORTGAGE READY, DEVELOP A MONTHLY BUDGET AND SAVINGS PLAN, AND HELP THEM REPAIR THEIR HOME. DURING THE YEAR MORE THAN 500 HOUSEHOLDS IMPROVED THEIR MORTGAGE READINESS AND 80 HOUSEHOLDS BECAME MORTGAGE READY. AAAH IS IDENTIFYING OTHER RESOURCES TO COUPLE WITH. THE IDA PROGRAM CONTINUES TO IMPROVE DUE TO THE OVERWHELMING DEMAND FOR THE ASSISTANCE IT PROVIDES. THIS WILL ALLOW AAAH TO ASSIST EVEN MORE CLIENTS IN PREPARING FOR HOMEOWNERSHIP.

    Expenses $3,903,072 · Revenue $4,761,251

As filed on the 2024 return.

Listed in Part VII

  • Cheryl Roberts

    EXECUTIVE DIRECTOR

    Total calculated
    $124,435
    From this org
    $124,435
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Josh Akwenuke

    CO CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ernest Hill Jr

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Geoff Boyd

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Funches

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.2
Source object
202611349349313081

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