Totals
- Total revenue
- $74,146,498
- Total expenses
- $84,234,477
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $54,309,576
- Investment income
- $19,560,012
- Other revenue
- $276,910
- Total assets, end of year
- $614,200,900
- Total liabilities, end of year
- $689,475,261
- Net assets or fund balances, end of year
- -$75,274,361
- Program services expenses (Part IX)
- $82,125,562
- Management and general expenses
- $2,108,915
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $82,125,562
Program services were 97.5% 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.
-
2a · Program service revenue: RENTAL INCOME
total $54,309,576 · related or exempt $54,309,576
-
3 · Investment income
total $4,340,921 · excluded $4,340,921
-
7a · Gross sales of assets other than inventory
other assets $15,219,091
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $15,219,091
-
7d · Net gain or loss
total $15,219,091 · excluded $15,219,091
-
11a · Other revenue: MISCELLANEOUS INCOME
total $201,309 · excluded $201,309
-
11b · Other revenue: REBATE INCOME
total $75,601 · excluded $75,601
-
11e · Other revenue, total
$276,910
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,218,450 · management and general $1,218,450
-
7 · Other salaries and wages
total $5,929,925 · program services $5,573,991 · management and general $355,934
-
8 · Pension plan contributions
total $44,424 · program services $44,424
-
9 · Other employee benefits
total $441,434 · program services $379,633 · management and general $61,801
-
10 · Payroll taxes
total $601,259 · program services $509,266 · management and general $91,993
-
11a · Fees: management
total $11,986 · program services $11,986
-
11b · Fees: legal
total $671,752 · program services $564,272 · management and general $107,480
-
11c · Fees: accounting
total $174,168 · program services $174,168
-
11g · Fees: other
total $88,379 · program services $87,495 · management and general $884
-
12 · Advertising and promotion
total $843,656 · program services $835,219 · management and general $8,437
-
13 · Office expenses
total $585,034 · program services $573,333 · management and general $11,701
-
14 · Information technology
total $199,553 · program services $189,575 · management and general $9,978
-
16 · Occupancy
total $5,061,899 · program services $5,061,899
-
17 · Travel
total $120,537 · program services $62,679 · management and general $57,858
-
19 · Conferences, conventions and meetings
total $36,437 · program services $36,437
-
20 · Interest
total $36,729,896 · program services $36,726,223 · management and general $3,673
-
22 · Depreciation, depletion and amortization
total $17,820,403 · program services $17,818,621 · management and general $1,782
-
23 · Insurance
total $4,006,574 · program services $3,985,339 · management and general $21,235
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $6,880,589 · program services $6,811,783 · management and general $68,806
-
24b · Other expenses: FINANCE COSTS
total $1,653,992 · program services $1,571,292 · management and general $82,700
-
24c · Other expenses: SUPPLIES
total $873,819 · program services $873,819
-
24d · Other expenses: TAXES
total $123,936 · program services $117,739 · management and general $6,197
-
24e · All other expenses
total $116,375 · program services $116,369 · management and general $6
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,861,542 · end of year $7,194,047
-
4 · Accounts receivable
beginning of year $665,183 · end of year $902,003
-
9 · Prepaid expenses and deferred charges
beginning of year $3,902,566 · end of year $3,783,615
-
10a · Land, buildings and equipment: cost or other basis
$546,908,657
-
10b · Land, buildings and equipment: accumulated depreciation
$60,149,867
-
10c · Land, buildings and equipment, net
beginning of year $494,534,053 · end of year $486,758,790
-
15 · Other assets
beginning of year $132,682,584 · end of year $115,562,445
-
17 · Accounts payable and accrued expenses
beginning of year $5,602,570 · end of year $5,060,450
-
23 · Secured mortgages and notes payable
beginning of year $611,896,923 · end of year $598,767,126
-
25 · Other liabilities
beginning of year $86,001,983 · end of year $85,647,685
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$59,855,548 · end of year -$75,274,361
Mission and programs · 2024
Mission
MOMENTUM HOUSING HAS BEEN FORMED FOR THE EXEMPT PURPOSE OF CONSTRUCTION, PURCHASING, OWNING, AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
-
PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS THROUGH ITS WHOLLY-OWNED SUBSIDIARIES AND OTHER AFFILIATES.
Expenses $82,125,562 · Revenue $54,309,576
As filed on the 2024 return.
Listed in Part VII
-
Mark HiattMARK HIATT
PRESIDENT
- Total calculated
- $610,000
- From this org
- $610,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $360,000
- Bonus
- $250,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $610,000
-
Drew FitchDREW FITCH
VICE PRESIDENT
- Total calculated
- $9,900
- From this org
- $9,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Dave WilkinsonDAVE WILKINSON
DIRECTOR
- Total calculated
- $9,900
- From this org
- $9,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Steve CockrellSTEVE COCKRELL
DIRECTOR
- Total calculated
- $9,900
- From this org
- $9,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Mitchell HiattMITCHELL HIATT
VICE PRESIDENT AND GENERAL COUNSEL
- Total calculated
- $375,000
- From this org
- $375,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $315,000
- Bonus
- $60,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $375,000
-
Sharise EngelSHARISE ENGEL
CHIEF FINANCIAL OFFICER (THRU 9.30.2024)
- Total calculated
- $191,250
- From this org
- $191,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $131,250
- Bonus
- $60,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $191,250
-
Teri SeidenglanzTERI SEIDENGLANZ
CHIEF FINANCIAL OFFICER (AS OF 10.1.2024)
- Total calculated
- $12,500
- From this org
- $12,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Justin FerrinJUSTIN FERRIN
ASSISTANT VP
- Total calculated
- $122,077
- From this org
- $122,077
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tyler WilsonTYLER WILSON
SENIOR PROJECT MANAGER
- Total calculated
- $135,000
- From this org
- $135,000
- From related orgs
- $0
- Other
- $0
- 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 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7:
- CASH BONUSES WERE PAID AT THE DISCRETION OF THE BOARD OF DIRECTORS.
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.
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.
-
FAH ROSEWOOD LLC
AFFORDABLE HOUSING · SC · income $4,635,294 · assets $0
Directly controlled by MOMENTUM HOUSING
-
FAH SOUTH POINTE LLC
AFFORDABLE HOUSING · SC · income $10,701,596 · assets $0
Directly controlled by MOMENTUM HOUSING
-
FAH THE HOLLOWS LLC
AFFORDABLE HOUSING · SC · income -$338,528 · assets $18,705,637
Directly controlled by MOMENTUM HOUSING
-
FAH GREENBRIER LLC
AFFORDABLE HOUSING · DE · income -$1,609,877 · assets $43,921,615
Directly controlled by MOMENTUM HOUSING
-
FAH ATRIUM PLACE LLC
AFFORDABLE HOUSING · SC · income -$160,983 · assets $22,970,233
Directly controlled by MOMENTUM HOUSING
-
FAH TAMARIND LLC
AFFORDABLE HOUSING · SC · income -$614,295 · assets $19,280,742
Directly controlled by MOMENTUM HOUSING
-
FAH LAWSON CREEK LLC
AFFORDABLE HOUSING · SC · income -$658,308 · assets $24,615,215
Directly controlled by MOMENTUM HOUSING
-
FAH CULPEPPER LLC
AFFORDABLE HOUSING · SC · income -$591,575 · assets $21,152,709
Directly controlled by MOMENTUM HOUSING
-
FAH SORRENTO LLC
AFFORDABLE HOUSING · SC · income -$744,976 · assets $29,587,463
Directly controlled by MOMENTUM HOUSING
-
FAH TOSCANA LLC
AFFORDABLE HOUSING · SC · income -$636,124 · assets $19,541,126
Directly controlled by MOMENTUM HOUSING
-
FAH WELLINGTON LLC
AFFORDABLE HOUSING · SC · income -$1,203,016 · assets $31,118,466
Directly controlled by MOMENTUM HOUSING
-
FAH OASIS LLC
AFFORDABLE HOUSING · DE · income -$1,039,261 · assets $19,841,210
Directly controlled by MOMENTUM HOUSING
-
FAH PELHAM LLC
AFFORDABLE HOUSING · DE · income -$2,741,003 · assets $60,092,761
Directly controlled by MOMENTUM HOUSING
-
FAH WESTCHESTER LLC
AFFORDABLE HOUSING · DE · income -$988,457 · assets $19,578,164
Directly controlled by MOMENTUM HOUSING
-
FAH TREE HOUSE LLC
AFFORDABLE HOUSING · DE · income -$4,453,491 · assets $81,346,105
Directly controlled by MOMENTUM HOUSING
-
FAH CHERRY GROVE LLC
AFFORDABLE HOUSING · SC · income -$1,038,414 · assets $19,578,164
Directly controlled by MOMENTUM HOUSING
-
FAH RIVERSTONE LLC
AFFORDABLE HOUSING · SC · income -$1,922,410 · assets $20,859,287
Directly controlled by MOMENTUM HOUSING
-
FAH VILLAGE STATION LLC
AFFORDABLE HOUSING · DE · income -$1,160,397 · assets $28,341,888
Directly controlled by MOMENTUM HOUSING
-
FAH PACES RUN LLC
AFFORDABLE HOUSING · DE · income -$605,795 · assets $26,559,791
Directly controlled by MOMENTUM HOUSING
-
FAH MAPLES LLC
AFFORDABLE HOUSING · WI · income -$2,095,745 · assets $27,671,169
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - TWIN OAKS LLC
AFFORDABLE HOUSING · SC · income $76,417 · assets $2,628,687
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - PICKENS GARDENS LLC
AFFORDABLE HOUSING · SC · income $154,545 · assets $5,439,472
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - NORTH AUGUSTA GARDENS LLC
AFFORDABLE HOUSING · SC · income $221,892 · assets $7,883,218
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - ABBEVILLE LLC
AFFORDABLE HOUSING · SC · income $164,293 · assets $5,763,404
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - CROSLAND LLC
AFFORDABLE HOUSING · SC · income $116,528 · assets $4,101,770
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - CAYCE LLC
AFFORDABLE HOUSING · SC · income $828,412 · assets $23,525,345
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - HERITAGE COURT LLC
AFFORDABLE HOUSING · SC · income $630,226 · assets $17,584,431
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - HARRY C WHITE
AFFORDABLE HOUSING · SC · income $221,568 · assets $6,246,203
Directly controlled by MOMENTUM HOUSING
-
MOMENTUM HOMES LLC
AFFORDABLE HOUSING · NE · income -$3,950 · assets $0
Directly controlled by MOMENTUM HOUSING
-
FAH FUND II GP LLC
AFFORDABLE HOUSING · NE
Directly controlled by MOMENTUM HOUSING
-
FAH FUND I GP LLC
AFFORDABLE HOUSING · NE
Directly controlled by MOMENTUM HOUSING
-
FAH CONSTRUCTION
AFFORDABLE HOUSING · NE
Directly controlled by MOMENTUM HOUSING
-
MOMENTUM COMMUNITIES LLC
AFFORDABLE HOUSING · NE · income $279,537 · assets $939,546
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - POPLAR SQUARE LLC
AFFORDABLE HOUSING · SC · income $138,349 · assets $4,865,001
Directly controlled by MOMENTUM HOUSING
-
FAH HOLDINGS - HARRY C WHITE OWNER LLC
AFFORDABLE HOUSING · SC · income $0 · assets $0
Directly controlled by MOMENTUM HOUSING
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
WILLOW BEND TOWNHOMES II LP
N/A · TO PROVIDE AFFORDABLE HOUSING · OH · 99.9% owned · share of income -$209,085 · share of assets $4,417,190
-
NEW POST WOODS TOWNHOMES LP
N/A · TO PROVIDE AFFORDABLE HOUSING · OH · 99.9% owned · share of income -$829,770 · share of assets $8,842,384
-
CRESCENT VILLAGE TOWNHOMES II LP
N/A · TO PROVIDE AFFORDABLE HOUSING · OH · 99.9% owned · share of income -$73,505 · share of assets $4,541,783
-
FAH TAX EXEMPT INVESTORS I LP
RELATED · TO FINANCE THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE · NE · 0.01% owned
Directly controlled by FAH FUND I GP LLC
-
FAH TAX EXEMPT INVESTORS II LP
RELATED · TO FINANCE THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE · DE · 0.01% owned
Directly controlled by FAH FUND II GP LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
FAH 4 GP LLC
C · MANAGING MEMBER OF AFFILIATED ENTITIES PROVIDING AFFORDABLE · NC · 100% owned · share of income -$1,832,956 · share of assets $14,680,266 · controlled entity
Directly controlled by MOMENTUM HOUSING
-
FAH OHIO GP LLC
C · MANAGING MEMBER OF AFFILIATED ENTITIES PROVIDING AFFORDABLE · NE · 100% owned · share of income $43,843 · share of assets $773,127 · controlled entity
Directly controlled by MOMENTUM HOUSING
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349314971
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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