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Nonprofiteer
← FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC

Form 990 for tax year 2024

Filed by FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC.

Totals

Total revenue
$39,038,744
Total expenses
$23,515,850
Contributions and grants received
$30,366,397
Grants paid
$8,431,054
Program service revenue
$7,897,319
Investment income
$770,144
Other revenue
$4,884
Total assets, end of year
$159,138,006
Total liabilities, end of year
$99,800,737
Net assets or fund balances, end of year
$59,337,269
Program services expenses (Part IX)
$21,641,450
Management and general expenses
$690,425
Fundraising expenses
$1,183,975
Program service expenses (Part III)
$21,641,450

Program services were 92.0% 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.

  • 1b · Membership dues

    $40,350

  • 1e · Government grants (contributions)

    $6,337,381

  • 1f · All other contributions, gifts and grants

    $23,988,666

  • 2a · Program service revenue: MORTGAGE AND NOTE INTEREST

    total $5,559,911 · related or exempt $5,559,911

  • 2b · Program service revenue: FEES ADM SERVICE CHARGES

    total $2,180,020 · related or exempt $2,180,020

  • 2c · Program service revenue: GAIN ON SALE OF LOANS

    total $157,388 · related or exempt $157,388

  • 3 · Investment income

    total $726,155 · excluded $726,155

  • 7a · Gross sales of assets other than inventory

    other assets $43,989

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $43,989

  • 7d · Net gain or loss

    total $43,989 · excluded $43,989

  • 11d · All other revenue

    total $4,884 · related or exempt $4,884

  • 11e · Other revenue, total

    $4,884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,431,054 · program services $8,431,054

  • 5 · Compensation of officers, directors and key employees

    total $1,479,571 · program services $1,257,247 · management and general $65,936 · fundraising $156,388

  • 7 · Other salaries and wages

    total $6,160,134 · program services $5,234,500 · management and general $274,518 · fundraising $651,116

  • 8 · Pension plan contributions

    total $110,206 · program services $93,646 · management and general $4,911 · fundraising $11,649

  • 9 · Other employee benefits

    total $972,769 · program services $826,599 · management and general $43,350 · fundraising $102,820

  • 10 · Payroll taxes

    total $592,574 · program services $503,533 · management and general $26,407 · fundraising $62,634

  • 11b · Fees: legal

    total $71,257 · program services $51,178 · management and general $13,951 · fundraising $6,128

  • 11c · Fees: accounting

    total $64,744 · program services $46,500 · management and general $12,676 · fundraising $5,568

  • 11g · Fees: other

    total $1,008,934 · program services $885,242 · management and general $50,813 · fundraising $72,879

  • 12 · Advertising and promotion

    total $106,750 · program services $103,160 · management and general $438 · fundraising $3,152

  • 13 · Office expenses

    total $364,113 · program services $342,366 · management and general $15,218 · fundraising $6,529

  • 14 · Information technology

    total $306,816 · program services $257,591 · management and general $22,470 · fundraising $26,755

  • 16 · Occupancy

    total $188,815 · program services $155,844 · management and general $32,947 · fundraising $24

  • 17 · Travel

    total $137,044 · program services $107,678 · management and general $10,783 · fundraising $18,583

  • 19 · Conferences, conventions and meetings

    total $238,962 · program services $217,121 · management and general $5,521 · fundraising $16,320

  • 20 · Interest

    total $2,333,024 · program services $2,325,512 · management and general $6,469 · fundraising $1,043

  • 22 · Depreciation, depletion and amortization

    total $169,181 · program services $114,801 · management and general $46,827 · fundraising $7,553

  • 23 · Insurance

    total $84,266 · program services $57,180 · management and general $23,324 · fundraising $3,762

  • 24a · Other expenses: KY HOME PROGRAM RECAPTU

    total $305,136 · program services $305,136

  • 24b · Other expenses: EQUIPMENT & MAINTENANCE

    total $198,009 · program services $155,399 · management and general $26,879 · fundraising $15,731

  • 24c · Other expenses: LOANS FORGIVEN

    total $78,794 · program services $78,794

  • 24d · Other expenses: LICENSES, FEES & PERMIT

    total $75,516 · program services $74,481 · management and general $980 · fundraising $55

  • 24e · All other expenses

    total $38,181 · program services $16,888 · management and general $6,007 · fundraising $15,286

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,209,996 · end of year $9,397,018

  • 2 · Savings and temporary cash investments

    beginning of year $9,803,032 · end of year $22,800,733

  • 3 · Pledges and grants receivable

    beginning of year $5,305,554 · end of year $2,006,416

  • 4 · Accounts receivable

    beginning of year $983,558 · end of year $982,048

  • 7 · Other notes and loans receivable

    beginning of year $91,169,436 · end of year $119,534,694

  • 9 · Prepaid expenses and deferred charges

    beginning of year $166,257 · end of year $182,055

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

    $4,478,658

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

    $1,762,429

  • 10c · Land, buildings and equipment, net

    beginning of year $2,865,175 · end of year $2,716,229

  • 11 · Investments: publicly traded securities

    beginning of year $112,400 · end of year $123,900

  • 12 · Investments: other securities

    beginning of year $155,513 · end of year $168,611

  • 14 · Intangible assets

    beginning of year $101,890 · end of year $107,785

  • 15 · Other assets

    beginning of year $1,017,579 · end of year $1,118,517

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,228,887 · end of year $1,808,159

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $719,780

  • 21 · Escrow or custodial account liability

    beginning of year $869,113 · end of year $1,392,585

  • 22 · Loans and payables to officers and key people

    beginning of year $160,000 · end of year $160,000

  • 23 · Secured mortgages and notes payable

    beginning of year $69,899,620 · end of year $90,690,113

  • 25 · Other liabilities

    beginning of year $4,947,597 · end of year $5,030,100

  • 27 · Net assets without donor restrictions

    beginning of year $28,104,948 · end of year $36,500,274

  • 28 · Net assets with donor restrictions

    beginning of year $15,675,225 · end of year $22,836,995

Mission and programs · 2024

Mission

FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 80,000 INDIVIDUALS ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED.

Activities or mission (Part I)

FAHE BRINGS PEOPLE, ORGANIZATIONS, AND RESOURCES TOGETHER TO BUILD HOMES, COMMUNITIES, AND A THRIVING APPALACHIA THROUGH EXPANDING ECONOMIC OPPORTUNITY AND SECURITY FOR ALL. AS LEADERS WE SPEAK WITH A UNIFIED VOICE TO INFLUENCE POLICY, PHILANTHROPY, AND SYSTEMS CHANGE.

  • STRATEGIC PROGRAMS CONNECTS DIFFERENT ORGANIZATIONS TO SPECIALIZED RESOURCES THAT WILL HELP EXPAND THEIR PROJECTS AND IMPROVE THE QUALITY OF LIFE IN THEIR COMMUNITIES. THIS TEAM MANAGES GRANT FUNDED PROGRAMS SUCH AS THE KENTUCKY ACCESS TO RECOVERY PROGRAM AND PARTNERS FOR RURAL TRANSFORMATION.

    Expenses $8,508,740 · Grants $4,151,121 · Revenue $7,902,203

  • COMMUNITY LENDING SERVICES - FAHE COUPLES A COMMUNITY LOAN FUND WITH OUTSTANDING LENDING EXPERTISE TO FACILITATE THE FLOW OF IMPACTFUL PRIVATE AND PUBLIC INVESTMENTS INTO HOUSING AND COMMUNITY DEVELOPMENT PROJECTS ACROSS THE REGION.

    Expenses $3,735,878 · Grants $45,570

  • HOME LENDING - JCL IS A FULL-SERVICE MORTGAGE LENDER THAT STRENGTHENS COMMUNITIES BY CREATING SUCCESSFUL HOMEOWNERS. JUSTCHOICE WAS THE FIRST NONPROFIT THIRD PARTY ORIGINATOR FOR FREEDOM AND HAS BEEN INSTRUMENTAL IN CREATING A NATIONAL NONPROFIT PACKAGING SYSTEM FOR USDA RURAL DEVELOPMENT 502 DIRECT LOANS. JCL IS A FANNIE/FREDDIE SELLER/SERVICER AS WELL ALLOWING RURAL REGIONS TO ACCESS CAPITAL THAT COULD BE UNAVAILABLE FROM OTHER LENDERS.

    Expenses $2,382,599 · Grants $34,499

  • LOAN SERVICING

    Expenses $1,431,741 · Grants $41,427

  • MEMBERSHIP

    Expenses $5,582,492 · Grants $4,158,437

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

Listed in Part VII

  • Adam Dickson

    AT LARGE SEAT

    Total calculated
    $0
    Hours/week
    1

  • Bryan Phipps

    VA CAUCUS REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Dana Bezerra

    AT LARGE SEAT

    Total calculated
    $0
    Hours/week
    1

  • Dave Clark

    WV CAUCUS REPRESNTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Donna Gambrell

    AT LARGE SEAT

    Total calculated
    $0
    Hours/week
    1

  • Jackie Mayo

    CHAIRPERSON OF BOARD, TN C

    Total calculated
    $0
    Hours/week
    1

  • Jake Powell

    2ND VICECHAIR VA CAUCUS RE

    Total calculated
    $0
    Hours/week
    1

  • Jeff Mosley

    AT LARGE SEAT

    Total calculated
    $0
    Hours/week
    1

  • Kate Sommers

    WV CAUCUS REPRESNTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Lindy Turner

    TN CAUCUS REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Luke Shaefer

    AT LARGE SEAT

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Judah

    AL CAUCUS REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Scott McReynolds

    VICE CHAIRPERSON OF BOARD

    Total calculated
    $0
    Hours/week
    1

  • Seth Long

    KY CAUCUS REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Tim Thrasher

    AL CAUCUS REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Brittney Murphy

    CFO AND TREASURER

    Total calculated
    $157,894
    From this org
    $143,127
    From related orgs
    $0
    Other
    $14,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,777
    Bonus
    $350
    Other
    $0
    Deferred
    $5,727
    Nontaxable benefits
    $9,040
    Filer's total
    $157,894

  • Farah Ahmad

    PRES OF PARTNERS FOR RURAL TRANS

    Total calculated
    $26,547
    From this org
    $26,521
    From related orgs
    $0
    Other
    $26
    Hours/week
    40

  • Jennifer Cerecedes

    EVP

    Total calculated
    $138,258
    From this org
    $123,211
    From related orgs
    $0
    Other
    $15,047
    Hours/week
    40

  • Jessica Estes

    SECRETARY OF BOARD

    Total calculated
    $78,155
    From this org
    $67,730
    From related orgs
    $0
    Other
    $10,425
    Hours/week
    40

  • Jim King

    CEO AND PRESIDENT OF BOARD

    Total calculated
    $301,110
    From this org
    $256,273
    From related orgs
    $0
    Other
    $44,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,923
    Bonus
    $350
    Other
    $0
    Deferred
    $36,606
    Nontaxable benefits
    $8,231
    Filer's total
    $301,110

  • Laura Meadows

    VICE PRESIDENT OF BOARD

    Total calculated
    $151,130
    From this org
    $141,465
    From related orgs
    $0
    Other
    $9,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,115
    Bonus
    $350
    Other
    $0
    Deferred
    $1,434
    Nontaxable benefits
    $8,231
    Filer's total
    $151,130

  • Lina Page

    EVP

    Total calculated
    $119,208
    From this org
    $113,166
    From related orgs
    $0
    Other
    $6,042
    Hours/week
    40

  • Sara Morgan

    PRESIDENT OF FAHE, VICE PR

    Total calculated
    $232,587
    From this org
    $197,892
    From related orgs
    $0
    Other
    $34,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,542
    Bonus
    $350
    Other
    $0
    Deferred
    $25,411
    Nontaxable benefits
    $9,284
    Filer's total
    $232,587

  • Dwain Neeley

    VP OF COMMUNITY LENDING

    Total calculated
    $112,860
    From this org
    $107,830
    From related orgs
    $0
    Other
    $5,030
    Hours/week
    40

  • Norma Edwards

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $135,007
    From this org
    $126,450
    From related orgs
    $0
    Other
    $8,557
    Hours/week
    40

  • Pam Johnson

    SVP OF INNOVATION

    Total calculated
    $156,199
    From this org
    $140,178
    From related orgs
    $0
    Other
    $16,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,828
    Bonus
    $350
    Other
    $0
    Deferred
    $5,596
    Nontaxable benefits
    $10,425
    Filer's total
    $156,199

  • Rosalyn Lawson

    SENIOR VICE PRESIDENT OF SINGLE FAMILY LENDING

    Total calculated
    $118,164
    From this org
    $106,715
    From related orgs
    $0
    Other
    $11,449
    Hours/week
    40

  • Russell J Estridge

    SVP OF DEVELOPMENT

    Total calculated
    $139,062
    From this org
    $123,703
    From related orgs
    $0
    Other
    $15,359
    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

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
LINE 4A: NORMA EDWARDS : $34,000 LINE 4B: JIM KING: $25,421 SARA MORGAN: $17,958
PART I, LINE 7
AMOUNT INCLUDED ON PART II, B(II), REPRESENTS BONUSES THAT WAS APPROVED BY THE COMPENSATION COMMITTEE. AMOUNT IS INCLUDED IN THE INDIVIDUAL'S W-2.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • FAHE CAPITAL CORPORATION I

    LIH PROJECT · KY · income $0 · assets $0

    Directly controlled by FAHE

  • FAHE CONSULTING LLC

    CONSULTING · KY · income $0 · assets $0

    Directly controlled by FAHE

  • FAHE HOLDING COMPANY LLC

    PROP. MGMT. · KY · income $66,332 · assets $757,794

    Directly controlled by FAHE

  • FAHE TN LLC

    FIN. FAC. · TN · income $25,210 · assets $3,541,476

    Directly controlled by FAHE

  • PARK COMMUNITY LLC

    LENDING · TN · income $290,490 · assets $7,018,355

    Directly controlled by FAHE

Provenance

Return type
form_990
Tax year
2024
Filed
24 February 2026
IRS schema version
2024v5.5
Source object
202600579349301015

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