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Nonprofiteer
← HAMILTON AFFORDABLE HOMES INC

Form 990 for tax year 2024

Filed by HAMILTON AFFORDABLE HOMES INC.

Totals

Total revenue
$1,272,681
Total expenses
$1,700,861
Contributions and grants received
$975
Grants paid
$357,927
Program service revenue
$1,085,994
Investment income
$185,712
Other revenue
$0
Total assets, end of year
$5,923,464
Total liabilities, end of year
$70,265
Net assets or fund balances, end of year
$5,853,199
Program services expenses (Part IX)
$1,700,861
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,700,861

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.

  • 1d · Related organizations

    $975

  • 2a · Program service revenue: ALLOCABLE SHARE PS REN

    total $1,015,729 · related or exempt $1,015,729

  • 2b · Program service revenue: PARTNERSHIP MGMT FEES

    total $70,265 · related or exempt $70,265

  • 3 · Investment income

    total $185,712 · related or exempt $185,712

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $357,927 · program services $357,927

  • 11c · Fees: accounting

    total $775 · program services $775

  • 24a · Other expenses: ALLOCABLE SHARE PS EXPE

    total $1,271,694 · program services $1,271,694

  • 24b · Other expenses: PARTNERSHIP MGMT FEES

    total $70,265 · program services $70,265

  • 24c · Other expenses: MISCELLANEOUS TAXES & L

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 7 · Other notes and loans receivable

    beginning of year $4,552,794 · end of year $4,377,839

  • 15 · Other assets

    beginning of year $1,796,803 · end of year $1,545,625

  • 25 · Other liabilities

    beginning of year $68,218 · end of year $70,265

  • 27 · Net assets without donor restrictions

    beginning of year $6,281,379 · end of year $5,853,199

Mission and programs · 2024

Mission

TO PERFORM THE CHARITABLE FUNCTIONS OF AND CARRY OUT THE CHARITABLE PURPOSES OF EAH INC., A RELATED CALIFORNIA PUBLIC BENEFIT CORPORATION.

  • THE CORPORATION SERVES AS A GENERAL PARTNER IN TWO LIMITED PARTNERSHIPS WHICH PROVIDE 101 UNITS OF LOW-INCOME HOUSING IN NOVATO, CALIFORNIA.

    Expenses $1,342,934 · Revenue $1,271,706

  • PROVIDED GENERAL SUPPORT TO EAH INC., A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF EAH INC.'S EXEMPT PURPOSE OF PROVIDING AFFORDABLE HOUSING TO ELDERLY, VERY LOW, LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

    Expenses $357,927 · Grants $357,927

As filed on the 2024 return.

Listed in Part VII

  • LAURA HALL

    VICE PRESIDENT/TREASURER

    Total calculated
    $673,412
    From this org
    $0
    From related orgs
    $626,061
    Other
    $47,351
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $555,791 related
    Bonus
    $0 + $70,270 related
    Other
    $0
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $30,101 related
    Filer's total
    $0 + $673,412 related

  • WELTON JORDAN

    PRESIDENT

    Total calculated
    $492,640
    From this org
    $0
    From related orgs
    $458,093
    Other
    $34,547
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,189 related
    Bonus
    $0 + $48,904 related
    Other
    $0
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $17,297 related
    Filer's total
    $0 + $492,640 related

  • KATHERINE FLEMING

    SECRETARY

    Total calculated
    $354,634
    From this org
    $0
    From related orgs
    $308,570
    Other
    $46,064
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,570 related
    Bonus
    $0 + $36,000 related
    Other
    $0
    Deferred
    $0 + $16,377 related
    Nontaxable benefits
    $0 + $29,687 related
    Filer's total
    $0 + $354,634 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
A COMPENSATION COMMITTEE IS USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S CEO/CFO,OFFICERS AND KEY EMPLOYEES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.

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

  • EAH INC

    $357,927

    GENL SUPPORT: DEVLPMT LOW INC HSNG

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.

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.

Related partnerships

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

  • HAMILTON CONTINUUM PARTNERS I LP

    RELATED · LOW-INC HSG · CA · 100% owned · share of income -$138,639 · share of assets $2,358,319 · general or managing partner

    Directly controlled by 68-0486556

  • HAMILTON CONTINUUM PARTNERS II LP

    RELATED · LOW-INC HSG · CA · 100% owned · share of income $33,047 · share of assets $3,253,537 · general or managing partner

    Directly controlled by 68-0486556

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
5 August 2025
IRS schema version
2024v5.2
Source object
202512179349300126

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