NonprofitsFederation Of Appalachian Housing Enterprises Inc

Housing & Shelter

Federation Of Appalachian Housing Enterprises Inc

BEREA, KY

Total revenue

$22.4M

Total expenses

$21.4M

Net assets

$43.8M

Grants received

$45.3M

43 grants

EIN

310986871

Tax year

2023

Mission

Fahe brings people, organizations, and resources together to build homes, communities, and a thriving appalachia through expanding economic opportunity and security for all. As leaders we speak with a unified voice to influence policy, philanthropy, and systems change.

Programs

5 programs

Community lending services - fahe couples a community loan fund with outstanding lending expertise to facilitate the flow of impactful private and public investments into housing and community development projects across the region.

Expenses: $3.0M

Home lending - jcl is a full-service mortgage lender that strengthens communities by creating successful homeowners. Justchoice was the first nonprofit third party originator for freedom and has been instrumental in creating a national nonprofit packaging system for usda rural development 502 direct loans. Jcl is a fannie/freddie seller/servicer as well allowing rural regions to access capital that could be unavailable from other lenders.

Expenses: $2.2M

Mortgage lending - justchoice lending (jcl) is a full-service mortgage lender that strengthens communities by creating successful homeowners. Justchoice was the first nonprofit third party originator for freedom and has been instrumental in creating a national nonprofit packaging system for usda rural development 502 direct loans.

Membership - the membership team strengthens our network by connecting the members to each other and to fahe's expertise and services. Fahe's 50+ members in the appalachian portion of kentucky, tennessee, west virginia, virginia, alabama, and maryland get access to specialized training, information sharing, financial resources, and a stronger combined political voice that supports positive change in their communities.

Expenses: $1.1M

Loan servicing - fahe loan servicing emphasizes quality customer care and personalized account management on the mortgages we service for fahe, our partners, and our borrowers. During the year ended june 30, 2023, fahe serviced 4,140 loans. - following is a list of states where either jcl or loan servicing (in some states both) are licensed to conduct business; kentucky, tennessee, indiana, florida, mississippi, virginia, west virginia, maine, michigan, hawaii, minnesota, south carolina, illinois, and alabama."

Expenses: $1.3M

Financials

FY 2023

Revenue

Contributions & grants$16.2M
Program service revenue$5.6M
Investment income$602K
Other revenue$19K
Total revenue$22.4M

Expenses

Grants paid$7.8M
Salaries & benefits$8.4M
Fundraising$1.1M
Other expenses$5.3M
Total expenses$21.4M
Total assets$120.9M
Net assets$43.8M

People

24 listed

NameRoleCompensation

JIM KING

CEO AND PRESIDENT OF BOARD

Board

$232K

40 hrs/wk

SARA MORGAN

PRESIDENT OF FAHE, VICE PRESIDENT OF BOARD

Board

$165K

40 hrs/wk

BRITTNEY MURPHY

CFO AND TREASURER

Board

$139K

40 hrs/wk

LAURA MEADOWS

VICE PRESIDENT OF BOARD

Board

$134K

40 hrs/wk

JESSICA ESTES

SECRETARY OF BOARD

Board

$62K

40 hrs/wk

JACKIE MAYO

CHAIRPERSON OF BOARD, TN C

Board

1 hrs/wk

JAKE POWELL

2ND VICECHAIR VA CAUCUS RE

Board

1 hrs/wk

JEFF MOSLEY

AT LARGE SEAT

Board

1 hrs/wk

LINDY TURNER

TN CAUCUS REPRESENTATIVE

Board

1 hrs/wk

ADAM DICKSON

AT LARGE SEAT

Board

1 hrs/wk

SCOTT MCREYNOLDS

VICE CHAIRPERSON OF BOARD

Board

1 hrs/wk

SETH LONG

KY CAUCUS REPRESENTATIVE

Board

1 hrs/wk

SARA BALL

OUTGOING SECRETARY OF BOARD

Board

40 hrs/wk

MARY ELLEN JUDAH

AL CAUCUS REPRESENTATIVE

Board

1 hrs/wk

ANDY KEGLEY

VA CAUCUS REPRESENTATIVE

Board

1 hrs/wk

ARON BOLDOG

AL CAUCUS REPRESENTATIVE

Board

1 hrs/wk

CHRISTAL CROUSO

WV CAUCUS REPRESENTATIVE

Board

1 hrs/wk

DANA BEZERRA

AT LARGE SEAT

Board

1 hrs/wk

DIANE N LOEFFLER

AT LARGE SEAT

Board

1 hrs/wk

DONNA GAMBRELL

AT LARGE SEAT

Board

1 hrs/wk

EMILY WILSON-HAUGER

WV CAUCUS REPRESENTATIVE

Board

1 hrs/wk

JOSE QUINONEZ

OUTGOING CHIEF OPERATIONS AND STRAT

Staff

$166K

40 hrs/wk

PAM JOHNSON

SVP OF INNOVATION

Staff

$136K

40 hrs/wk

RUSSELL J ESTRIDGE

SVP OF DEVELOPMENT

Staff

$120K

40 hrs/wk

Independent contractors

BROWNCOW TECHNOLOGY LTD

IT CONSULTING

$144K

MCBRAYER PLLC

LEGAL SERVICES

$134K

Grants received

Showing 43 of 43

FromAmountPurposeYear
$12M
COMMUNITY & HUMAN SERVICES
2024
$10M
Project-Based
2024
$881K
PATHWAY TO OPPORTUNITIES FOR RESILIENT EKY
2024
$500K
1 grant(s) for varying purposes
2024
$200K
General Support
2024
$200K
Pass-Through
2024
$100K
GRANT TO SUPPORT ORGANIZATIONAL EXPENSES ASSOCIATED WITH EHC INITIATIVE
2024
$65K
General operating support
2024
$25K
HOUSING COUNSELING PROGRAM & ADMINISTRATION
2024
$1K
General Support
2024
$300K
Pass-Through
2023
$100K
HOUSING COUNSELING PROGRAM & ADMINISTRATION
2023
$100K
Pass-Through
2023
$50K
HOUSING COUNSELING PROGRAM & ADMINISTRATION
2023
$12M
Project Support
2022
$500K
HEALTHY INDIVIDUALS AND COMMUNITIES
2022
$500K
HEALTHY INDIVIDUALS AND COMMUNITIES
2022
$250K
Enhancing home ownership in poor communities
2022
$150K
General Support
2022
$125K
1 GRANT(S) FOR VARYING PURPOSES
2022
$100K
Support of organization working to improve educational outcomes in service region.
2022
$30K
Project Support
2022
$125K
FINANCE JUSTICE FUND SUBGRANT
2021
$100K
CF RELENDING
2021
$750K
TO SUPPORT FAHE, AND PERSISTENT POVERTY REGIONS
2020
$250K
GENERAL OPERATING SUPPORT
2020
$200K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020
$126K
Grant sub-award
2020
$37K
Operating Support for Partners of Rural Transformation Steering Committee, a group of six regional community development financial institution organizations that have united on a collective agenda to increase investment in the regions of persistent poverty, to advance social and economic opportunity and health equity.
2020
$26K
PROGRAM SUPPORT
2020
$10K
FOR GENERAL OPERATING SUPPORT
2020
$736K
EXPENDABLE GRANTS
2017

Funded by

$45.3M from 19 funders · 43 grants · 2017–2024

The Fb Heron Foundation

$23.0M · 9 grants · 2022–2024

Gs Donor Advised Philanthropy Fund

$12M · 1 grant · 2024

Neighborhood Reinvestment Corporation

$5.4M · 8 grants · 2017–2023

Tides Foundation

$1M · 2 grants · 2022

James Graham Brown Foundation Inc

$881K · 1 grant · 2024

The Chicago Community Trust

$750K · 1 grant · 2020

The Winston-Salem Foundation

$625K · 2 grants · 2022–2024

The Housing Partnership Network Inc

$275K · 4 grants · 2023–2024

Details

EIN310986871
NTEE codeL020
Subsection03
Ruling date1980-11
Formed1980
Employees107
Volunteers20
FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC — Mission, Financials & Grants Received | Grantivo