Affordable Housing Community Development Corporation in Henderson, Tennessee (TN)

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Affordable Housing Community Development Corporation
Employer Identification Number (EIN)582140910
Name of OrganizationAffordable Housing Community Development Corporation
In Care of NameBecky Butler
AddressPO BOX 264, Henderson, TN 38340-0264
ActivitiesDescribed in section 509(a)(2) of the Code, Low and moderate income housing
SubsectionCharitable Organization
Ruling Date08/1995
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2010
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,226,323
Amount of Income$812,861
Form 990 Revenue Amount$807,329
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Expense Reduction Support


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Amount of income in 2010: $812,861
This organization: 

 $812,861
Other organizations performing similar types of work: 

 $1,681,305

Assets in 2010: $1,226,323
This organization: 

 $1,226,323
Other organizations performing similar types of work: 

 $2,824,193

Expenses in 2007: $882,433
Affordable Housing Community Development Corporation: 

 $882,433
Other organizations performing similar types of work: 

 $1,277,915

Income to expenses ratio in 2007: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 92.5%
Affordable Housing Community Development Corporation: 

 92.5%
Other organizations performing similar types of work: 

 90.3%

Number of employees in 2007: 2
Affordable Housing Community Development Corporation: 

 2
Other organizations performing similar types of work: 

 8

Grants share in income in 2007: 38.2%
This organization: 

 38.2%
Other organizations performing similar types of work: 

 43.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320062007
Total revenue$86,906$180,690$584,901$966,659$857,118$872,218
Contributions, gifts, grants, and similar amounts received$86,806$180,605$401,518$397,601$586,597$333,216
Contributions to donor advised funds$0$0
Direct public support$0$21,500$22,008$47,800$40,750$10,000
Indirect public support$0$95$0$120$0$0
Government contributions (grants)$0$159,010$379,510$349,681$545,847$323,216
Program service revenue including government fees and contracts$0$0$182,400$547,884$228,148$491,473
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$1,838$16,595$7,682
Dividends and interest from securities$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$100$0$0$19,085$-1,915$0
Gross amount from sales of assets other than inventory$0$0$0$19,085$26,644$0
Less: cost or other basis and sales expenses$0$0$0$0$28,559$0
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$0$85$983$251$27,693$39,847
Total expenses$79,805$130,470$387,775$709,809$730,423$882,433
Program services$0$110,217$357,427$687,468$687,100$816,010
Management and general$0$20,253$30,348$22,341$43,323$66,423
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$218,425$259,111$456,237$713,087$1,015,777$1,005,562
Excess or (deficit) for the year$7,101$50,220$197,126$256,850$126,695$-10,215
Net assets or fund balances at beginning of year$211,324$218,425$259,111$456,237$759,396$1,015,777
Other changes in net assets or fund balances$0$-9,534$0$0$129,686$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$882,433$816,010$66,423$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$72,744$54,558$18,186$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$12,399$9,299$3,100$0
Professional fundraising fees$0$0$0$0
Accounting fees$6,300$0$6,300$0
Legal fees$0$0$0$0
Supplies$2,795$2,096$699$0
Telephone$2,378$1,784$594$0
Postage and shipping$489$367$122$0
Occupancy$5,700$4,275$1,425$0
Equipment rental and maintenance$1,261$946$315$0
Printing and publications$750$563$187$0
Travel$4,009$3,007$1,002$0
Conferences, conventions, and meetings$875$656$219$0
Interest$0$0$0$0
Depreciation, depletion, etc.$11,527$0$11,527$0
Other expenses not covered above$761,206$738,459$22,747$0
Balance Sheets
200020012002200320062007
Total assets$221,266$278,228$467,414$715,026$1,018,606$1,012,573
Cash - non-interest-bearing$0$3,976$135,016$6,834$0$0
Savings and temporary cash investments$0$0$0$222,886$307,182$343,036
Accounts receivable less allowance for doubtful accounts$0$5,000$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$5,824$7,089$15,980$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$220,501$287,275$433,381$223,367$226,084
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,369$42,927$38,034$35,945$488,057$443,453
Other assets, including program-related investments$0$0$0$0$0$0
Total liabilities$2,841$19,117$11,177$1,939$2,829$7,011
Accounts payable and accrued expenses$0$5,430$1,177$1,939$1,429$4,161
Grants payable$0$0$0$0$0$0
Deferred revenue$0$3,687$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$0$10,000$10,000$0$1,400$2,850
Total liabilities and net assets/fund balances$0$278,228$467,414$715,026$1,018,606$1,012,573
Total net assets or fund balances$218,425$259,111$456,237$713,087$1,015,777$1,005,562
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320062007
Total revenue$0$0$0$966,659$857,118$872,218
Total revenue, gains, and other support per audited financial statements$0$0$0$966,659$857,118$872,218
Other expenses$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320062007
Total expenses$0$0$0$709,809$730,423$882,433
Total expenses and losses per audited financial statements$0$0$0$709,809$730,423$882,433
Other revenue$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$37,198$501,804
Program service revenue
Program service revenue 1000000$000$0$491,473
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$7,682
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(7), (9), or (17) organization - Proceeds from the sale of exempt function property that was or will be timely reinvested in similar property (section 512(a)(3)(D))$37,198$2,649
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001200220052006
Total$74,271$71,388$185,384$584,901$517,026$562,442
Gifts, grants, and contributions received$73,515$71,288$185,384$583,941$511,198$545,847
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$756$0$0$960$5,828$16,595
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$100$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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IdNameAddressStateEstablishedTotal Income
1Low Income Investment Fund100 Pine St Ste 1800, San Francisco, CA 94111-5204CA1986-10$27,937,254
2Webster Apartments419 W 34th St, New York, NY 10001-1596NY1924-11$11,428,608
3Alabama Business Charitable Trust Fund IncPO BOX 2641, Birmingham, AL 35291-0001AL1992-05$9,557,141
4Energy Services Inc1225 S Park St, Madison, WI 53715-2101WI1984-03$7,269,371
5Cincinnati Development Fund Inc1100 Walnut St, Cincinnati, OH 45202-7225OH1989-09$5,483,331
6Indiana Utility Rate Payer Tr55 Monument Cir Ste 800, Indianapolis, IN 46204-2951IN1999-07$4,489,497
7Okaloosa Community Development Corporation204 Cloverdale Blvd, Ft Walton Bch, FL 32547-1406FL1994-12$1,688,950
8Westminster Foundation Inc1305 Bobby Ln, Westlake, OH 44145-6916OH1998-07$1,328,666
9Affordable Housing Community Development CorporationPO BOX 264, Henderson, TN 38340-0264TN1995-08$812,861
10Rainbow Community Organization Inc200 E Main St Ste 1016, Fort Wayne, IN 46802-1900IN1984-07$593,610
11Northwest Ohio Development Agency432 N Superior St, Toledo, OH 43604-1416OH2001-02$426,316
12Victorine Q Adams Fuel Fund IncPO BOX 1898, Baltimore, MD 21203MD1979-03$409,677
13Capital Affordable Housing Funding Corporation255 Orange St, Albany, NY 12210-2400NY1991-06$336,162
14Housing Development Corporation Of WashingtonPO BOX 98864, Des Moines, WA 98198WA1978-06$21,878
15Rental Assistance Corporation Of Buffalo470 Franklin Street, Buffalo, NY 14202-1375NY1993-10$27,438,955
16Utility Emergency Services Fund1617 John F Kennedy Blvd Ste 840, Philadelphia, PA 19103-1808PA1983-06$2,846,422
17Stovall Development CorporationC/O 8616 La Tijera Blvd, Los Angeles, CA 90045CA1966-03$1,823,494
18Special Assistance Fund For Energy Safe, SafePO BOX 10100, Reno, NV 89520-0024NV1995-08$308,780
19Konnecting Services In The Community NfpPO BOX 528516, Chicago, IL 60652-8516IL2010-06$213,051
20Two Rivers Council Foundation1125 Hampshire St, Quincy, IL 62301-3026IL1994-06$140,750
Number of organizations performing similar types of work
Alabama1
California3
Connecticut2
Delaware1
Florida1
Georgia1
Illinois6
Indiana2
Massachusetts1
Maryland2
Michigan1
Missouri1
Montana2
New Hampshire1
New Jersey1
Nevada1
New York4
Ohio3
Oregon2
Pennsylvania3
Tennessee1
Texas2
Washington1
Wisconsin1
Total44

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