Nonprofits›Affordable Housing Resources Inc

Housing & Shelter

Affordable Housing Resources Inc

NASHVILLE, TN

Website

Total revenue

$7.6M

Total expenses

$5.7M

Net assets

$13.4M

Grants received

$4.3M

26 grants

EIN

581857324

Tax year

2024

Mission

Affordable housing resources, inc. (ahr) is a non-profit organization whose mission is to create affordable housing and strong neighborhoods. For over 20 years, ahr has been laying a foundation for successful home ownership for middle tennessee's workforce. Ahr is committed to providing home ownership opportunities for low to moderate income families, which enables these families to become successful homeowners over the long term.ahr has developed and sold over 1,500 single family homes and assisted over 15,000 people in buying their first home through its 3 main programs: 1. Home buyer education and financial literacy programs 2. Single family housing development 3. Mortgage lending programs

Programs

3 programs

Single family development - ahr provides housing to low income families through construction, sales, rehab, and rental of homes.

Expenses: $434K

Lending - interest on loans serviced by pinnacle bank on behalf of ahr.

Expenses: $361K

Homebuyer education - ahr offered pre-purchase home buyer education programs through partnerships with the tennessee housing development agency and neighborworks america to create successful homebuyers.

Expenses: $157K

Financials

FY 2024

Revenue

Contributions & grants$5.5M
Program service revenue$953K
Investment income$1.1M
Other revenue—
Total revenue$7.6M

Expenses

Grants paid—
Salaries & benefits$1.0M
Fundraising—
Other expenses$4.6M
Total expenses$5.7M
Total assets$29.9M
Net assets$13.4M

People

15 listed

NameRoleCompensation

EDDIE LATIMER

CEO

Board

$225K

40 hrs/wk

DAVID CRANE

DIRECTOR

Board

—

1 hrs/wk

JAQUELINE PAUL SIMS

DIRECTOR

Board

—

1 hrs/wk

ALETA YOUNG

DIRECTOR

Board

—

1 hrs/wk

PAUL HOFFMAN

DIRECTOR

Board

—

1 hrs/wk

JOHN A BEAM III

SECRETARY & CHAIR GOVERNANCE

Board

—

2 hrs/wk

W PERRY BLANDFORD

BOARD CHAIR

Board

—

2 hrs/wk

DEWAYNE OLIVE

TREASURER & FINANCE CHAIR

Board

—

1 hrs/wk

JIM RIENIETS

DIRECTOR

Board

—

1 hrs/wk

PAIGE O'DELL

DIRECTOR

Board

—

1 hrs/wk

R DALE MITCHELL

DIRECTOR

Board

—

1 hrs/wk

ROSEMARY NABAWEESI

DIRECTOR

Board

—

1 hrs/wk

JAMAL CAMBELL-GOOCH

DIRECTOR

Board

—

1 hrs/wk

MARK G CALVERT

DIRECTOR

Board

—

1 hrs/wk

DAN EATON

DIRECTOR OF HOUSING DEVELOPMENT

Staff

$120K

40 hrs/wk

Grants received

Showing 26 of 26

FromAmountPurposeYear
REGIONS FOUNDATION
$1K
GENERAL OPERATING
2024
NEIGHBORHOOD REINVESTMENT CORPORATION
$367K
GENERAL SUPPORT
2023
UNITED WAY OF MIDDLE TENNESSEE INC
$251K
SUB-RECIPIENT
2023
DOROTHY CATE AND THOMAS F FRIST
$2K
GENERAL SUPPORT.
2023
UNITED WAY OF MIDDLE TENNESSEE INC
$547K
SUB-RECIPIENT
2022
NEIGHBORHOOD REINVESTMENT CORPORATION
$468K
GENERAL SUPPORT
2022
REGIONS FOUNDATION
$20K
GENERAL OPERATING
2022
CHARITIES AID FOUNDATION AMERICA
$15K
CHARITABLE DONATION
2022
DOROTHY CATE AND THOMAS F FRIST
$2K
GENERAL SUPPORT.
2022
NEIGHBORHOOD REINVESTMENT CORPORATION
$486K
GENERAL SUPPORT
2021
UNITED WAY OF MIDDLE TENNESSEE INC
$25K
PROGRAM OPNS (OBI)
2021
CHARITIES AID FOUNDATION AMERICA
$25K
CHARITABLE DONATION
2021
DOROTHY CATE AND THOMAS F FRIST
$2K
GENERAL SUPPORT.
2021
NEIGHBORHOOD REINVESTMENT CORPORATION
$509K
GENERAL SUPPORT
2020
UNITED WAY OF MIDDLE TENNESSEE INC
$500K
SUB-RECIPIENT GRANTS
2020
THE COMMUNITY FOUNDATION OF MIDDLE
$25K
TO PROVIDE MORTGAGE MITIGATION ASSISTANCE TO INDIVIDUALS AND FAMILIES AFFECTED BY MARCH 2020 TORNADOES IN PARTNERSHIP WITH LEE AME CHAPEL
2020
UNITED WAY OF MIDDLE TENNESSEE INC
$25K
PROGRAM OPNS (OBI)
2020
THE COMMUNITY FOUNDATION OF MIDDLE
$3K
FOR UNRESTRICTED USE
2020
DOROTHY CATE AND THOMAS F FRIST
$2K
GENERAL SUPPORT.
2020
THE COMMUNITY FOUNDATION OF MIDDLE
$2K
HOUSING/COMM DEV
2020
NEIGHBORHOOD REINVESTMENT CORPORATION
$430K
—
2019
DOROTHY CATE AND THOMAS F FRIST
$2K
GENERAL SUPPORT.
2019
NEIGHBORHOOD REINVESTMENT CORPORATION
$220K
UNRESTRICTED
2018
NEIGHBORHOOD REINVESTMENT CORPORATION
$115K
TEMPORARILY RESTRICTED
2018
NEIGHBORHOOD REINVESTMENT CORPORATION
$225K
EQUITY CAPITAL
2017
DOROTHY CATE AND THOMAS F FRIST
$2K
FOR GENERAL SUPPORT.
2017

Funded by

$4.3M from 6 funders · 26 grants · 2017–2024

Neighborhood Reinvestment Corporation

$2.8M · 8 grants · 2017–2023

United Way Of Middle Tennessee Inc

$1.3M · 5 grants · 2020–2023

Charities Aid Foundation America

$40K · 2 grants · 2021–2022

The Community Foundation Of Middle

$29K · 3 grants · 2020

Regions Foundation

$21K · 2 grants · 2022–2024

Dorothy Cate And Thomas F Frist

$12K · 6 grants · 2017–2023

Details

EIN581857324
NTEE codeL20
Subsection03
Ruling date1989-10
Formed1988
Employees15
Volunteers13
AFFORDABLE HOUSING RESOURCES INC — Mission, Financials & Grants Received | Grantivo