Skip to content
Nonprofiteer
← All organizations

AMERICAN OPPORTUNITY FOUNDATION

EIN 81-5278581 ATLANTA, GA

Browse the largest nonprofits in Georgia

Revenue 2024
$82,599
Expenses 2024
$1,435,000

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
1000 PARKWOOD CIR SE STE 805

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of AMERICAN OPPORTUNITY FOUNDATION INC (EIN 58-1533966). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

Mission

THE CORPORATION WAS ORGANIZED TO ACQUIRE, REHABILITATE, OPERATE AND SELL AFFORDABLE HOUSING FOR MODERATE TO LOW-INCOME, ELDERLY AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.

Activities or mission (Part I)

THE CORPORATION WAS ORGANIZED TO ACQUIRE, REHABILITATE, OPERATE AND SELL AFFORDABLE HOUSING FOR LOW-INCOME, ELDERLY AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.

  • OPERATING TWO MULTIFAMILY APARTMENT COMPLEXES TOTALLING 429 UNITS FOR MODERATE TO LOW-INCOME PERSONS OR FAMILIES.

    Expenses $1,435,000 · Grants $1,435,000 · Revenue $100

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Philip J Kennedy

    PRESIDENT, TRUSTEE

    Total calculated
    $598,720
    From this org
    $0
    From related orgs
    $515,000
    Other
    $83,720
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $42,991 related
    Nontaxable benefits
    $0 + $40,729 related
    Filer's total
    $0 + $598,720 related
  • Kathryn T Walker

    VICE PRESIDENT, TRUSTEE

    Total calculated
    $443,415
    From this org
    $0
    From related orgs
    $380,000
    Other
    $63,415
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,000 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $42,991 related
    Nontaxable benefits
    $0 + $20,424 related
    Filer's total
    $0 + $443,415 related
  • Robert R Derrick

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.2 + 0.2 related
  • William F Fisher III

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.2 + 0.2 related
  • Laurel Tolbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $82,599
    Expenses
    $1,435,000
    Contributions
    $0
    Grants paid
    $1,435,000
  • 2023
    Revenue
    $167,340
    Expenses
    $2,890,213
    Contributions
    $0
    Grants paid
    $2,890,000
  • 2022
    Revenue
    $36,868
    Expenses
    $31,000,072
    Contributions
    $0
    Grants paid
    $31,000,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2020 · 990

    Revenue
    $5,651,215
    Expenses
    $6,621,149
    Assets (EOY)
    $43,727,797
  • 2019 · 990

    Revenue
    $5,370,158
    Expenses
    $6,630,062
    Assets (EOY)
    $44,313,063
  • 2018 · 990

    Revenue
    $5,058,774
    Expenses
    $7,877,476
    Assets (EOY)
    $44,869,263
  • 2017 · 990

    Revenue
    $8,402,017
    Expenses
    $11,287,911
    Assets (EOY)
    $41,946,392
  • 2016 · 990

    Revenue
    $1,875,630
    Expenses
    $2,616,440
    Assets (EOY)
    $62,711,070

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • AOF CEDAR GROVE LLC

    AFFORDABLE HOUSING · DE

  • AOF EMERALD DUNES LLC

    AFFORDABLE HOUSING · DE

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.