Nonprofit · EIN 23-7078343
AFFORDABLE HOUSING MANAGEMENT INC
Tax-exempt · GREENSBORO, NC 27401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,908,537 | $2,383,669 | -$475,132 | $16,557,738 | $7,794,199 | $8,763,539 |
| June 30, 2024 | 990 | $2,803,222 | $2,020,886 | $782,336 | $12,526,103 | $5,794,279 | $6,731,824 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,619,442
- Investment income
- $256,595
- Net gain from sales of assets
- $81,625
- Other revenue
- $32,500
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $704,564
- Salaries, compensation and benefits (total)
- $827,736
- Professional fundraising fees
- $0
- Legal fees
- $402,472
- Accounting fees
- $36,413
- Occupancy
- $52,176
- Depreciation
- $349,976
- Program services (functional)
- $1,943,316
- Management and general (functional)
- $440,353
Balance sheet and other
- Total assets, start of year
- $12,526,103
- Total assets, end of year
- $16,557,738
- Total liabilities, end of year
- $7,794,199
- Net assets, end of year
- $8,763,539
- Land, buildings and equipment
- $6,699,226
- Publicly traded securities
- $4,485,454
- Net assets without donor restrictions
- $8,763,539
- Gross receipts
- $1,908,537
- Employees
- 26
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID LEVY | ASST SEC (FORMER EXEC DIR) Trustee or director, Officer | 40 | $241,581 |
| JILL PHANEUF | FORMER EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $181,263 |
| CHESTER BROWN III | PRESIDENT Trustee or director, Officer | 0 | $0 |
| MEGAN R COHAN | VICE-PRESIDENT Trustee or director, Officer | 0 | $0 |
| MARTHA W MILLER | SECRETARY & TREASURER Trustee or director, Officer | 0 | $0 |
| KATHY CARPENTER | DIRECTOR Trustee or director | 0 | $0 |
| SOFIA S CRISP | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM DAVIDSON | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM PICKENS | DIRECTOR Trustee or director | 0 | $0 |
| F DEAN LITTLE III | DIRECTOR Trustee or director | 0 | $0 |
| DONALD E OVERMAN JR | DIRECTOR Trustee or director | 0 | $0 |
| SYLVESTER TAYLOR | EXECUTIVE COMMITTEE MEMBER Trustee or director | 0 | $0 |
| MICHELLE BARDSLEY | DIRECTOR Trustee or director | 0 | $0 |
| GRANT DUFFIELD | EXECUTIVE DIRECTOR Trustee or director | 40 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID LEVY | ASST SEC (FORMER EXEC DIR) Trustee or director, Officer | 40 | $186,935 |
| CHESTER H BROWN III | PRESIDENT Trustee or director, Officer | 0 | $0 |
| MEGAN R COHAN | VICE-PRESIDENT Trustee or director, Officer | 0 | $0 |
| MARTHA W MILLER | SECRETARY & TREASURER Trustee or director, Officer | 0 | $0 |
| KATHY CARPENTER | DIRECTOR Trustee or director | 0 | $0 |
| SOFIA S CRISP | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM DAVIDSON | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM PICKENS | DIRECTOR Trustee or director | 0 | $0 |
| F DEAN LITTLE III | DIRECTOR Trustee or director | 0 | $0 |
| DONALD E OVERMAN JR | DIRECTOR Trustee or director | 0 | $0 |
| SYLVESTER TAYLOR | EXECUTIVE COMMITTEE MEMBER Trustee or director | 0 | $0 |
| JILL PHANEUF | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| MICHELLE BARDSLEY | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 S GREENE ST STE B11, GREENSBORO, NC 27401-2691
- Principal officer (990 for 2024)
- GRANT DUFFIELD, 330 S GREENE STREET B-11, GREENSBORO, NC 27401
- Signed the 990
- GRANT DUFFIELD, EXECUTIVE DIRECTOR
- Phone
- (336) 273-0568
- Website
- WWW.AHMI.ORG
- Return prepared by
- DUNCAN ASHE PA
Mission
MANAGEMENT AND DEVELOPMENT OF AFFORDABLE RENTAL HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS
Program accomplishments
- THE ORGANIZATION PROVIDED TECHNICAL, MANAGERIAL, AND EDUCATIONAL ASSISTANCE TO LOW AND MODERATE INCOME HOUSING DEVELOPMENTS IN THE GREATER GREENSBORO, NORTH CAROLINA AREA.THE ORGANIZATION PROVIDED THESE SERVICES TO 587 HOUSING UNITS DURING THE YEAR ENDED JUNE 30, 2025, THROUGH PROPERTIES THAT WERE OWNED AND/OR MANAGED.THROUGH ITS RESIDENT EDUCATION AND ENRICHMENT FUND (REEF), TO DATE THE ORGANIZATION HAS PROVIDED 109 SCHOLARSHIPS TOTALING $66,859 OF WHICH 57 ARE MULTIPLE AWARDS TO THE SAME RESIDENTS, TO AHM RESIDENTS TO ASSIST THEM WITH FURTHERING THEIR EDUCATION AND CAREER ADVANCEMENT. THROUGH ITS YOUTH EDUCATION SUMMER SCHOLARSHIP PROGRAM (YESS), 119 SCHOLARSHIPS TOTALING $19,928 HAVE BEEN AWARDED TO CHILDREN LIVING AT AHM MANAGED APARTMENTS, TO ATTEND SUMMER CAMPS.THE ORGANIZATION RECEIVED A NORTH CAROLINA HOUSING FINANCE AGENCY 2013 HOUSING NORTH CAROLINA AWARD FOR EXCELLENCE IN AFFORDABLE HOUSING IN THE PERMANENT SUPPORTIVE HOUSING CATEGORY. THE AWARD ACKNOWLEDGED THE MAJOR REHABILITATION OF 20 UNITS KNOWN AS VILLAGE CROSSING. OF THOSE UNITS, 9 ARE RESERVED/TARGETED FOR FORMERLY HOMELESS AND/OR DISABLED HOUSEHOLDS.THE ORGANIZATION RECEIVED ANOTHER NORTH CAROLINA HOUSING FINANCE AGENCY 2017 HOUSING NORTH CAROLINA AWARD FOR EXCELLENCE IN AFFORDABLE HOUSING IN THE PERMANENT SUPPORTIVE HOUSING CATEGORY. THE AWARD ACKNOWLEDGED THE NEW CONSTRUCTION OF 20 UNITS KNOWN AS HOPE COURT. OF THOSE UNITS, 6 ARE RESERVED/TARGETED FOR FORMERLY HOMELESS AND/OR DISABLED HOUSEHOLDS.THE ORGANIZATION COMPLETED A 72-APARTMENT NEW CONSTRUCTION DEVELOPMENT NAMED MUIRS LANDING IN 2020. THIS IS A MIXED INCOME DEVELOPMENT WITH THREE LEVELS OF RENTS AFFORDABLE TO HOUSEHOLDS EARNING 30, 50, AND 60% OF THE AREA MEDIUM INCOME.THE ORGANIZATION COMPLETED AN 84-APARTMENT NINE PERCENT TAX CREDIT NEW CONSTRUCTION DEVELOPMENT NAMED REDHILL POINTE IN 2023. THIS IS ANOTHER MIXED INCOME DEVELOPMENT WITH THREE LEVELS OF RENTS AFFORDABLE TO HOUSEHOLDS EARNING 30, 50, AND 60% OF THE AREA MEDIAN INCOME.ON OCTOBER 4, 2022, THE DEVELOPMENT KNOWN AS SOUTHWOODS WAS AWARDED ACQUISITION-REHAB NINE PERCENT LOW INCOME HOUSING TAX CREDITS OF AND A RENTAL PRODUCTION LOAN BY THE NORTH CAROLINA HOUSING FINANCE AGENCY. ADDITIONALLY, IN MAY 2022, AHM WAS AWARDED A CITY OF GREENSBORO AMERICAN RESCUE PLAN (ARP) GRANT FOR THE SOUTHWOODS DEVELOPMENT. IN AUGUST 2023 THE ACQUISITION REHAB LOANS AND TAX CREDIT SYNDICATION CLOSED AND CONSTRUCTION STARTED. THIS IS A MAJOR REHABILITATION OF AN EXISTING AHM TAX CREDIT PROPERTY ORIGINALLY BUILT IN 1996. THE RENTS WILL BE AFFORDABLE TO HOUSEHOLDS EARNING 50% OR BELOW THE MEDIAN AREA INCOME. SOUTHWOODS HAS 59 STUDIO APARTMENTS THAT HAVE BEEN AND WILL CONTINUE TO PROVIDE HOUSING TO SINGLE PEOPLE, MANY WHO ARE DISABLED OR HAD BEEN PREVIOUSLY HOMELESS. CONSTRUCTION WAS COMPLETED IN NOVEMBER 2024.ON AUGUST 15, 2023, THE DEVELOPMENT KNOWN AS WINDHILL DEVELOPMENT WAS AWARDED AQUISITION-REHAB NINE PERCENT LOW INCOME HOUSING TAX CREDITS AND A RENTAL PRODUCTION PROGRAM LOAN BY THE NORTH CAROLINA HOUSING FINANCE AGENCY. ADDITIONALLY, AHM HAS RECEIVED A LOAN COMMITMENT FROM SELF-HELP VENTURES, WHICH IS ADMINISTERING THE NEW COMMUNITY OF GREATER GREENSBORO HOUSING FUND. THIS WILL BE A MAJOR REHABILITATION OF AN EXISTING AHM TAX CREDIT PROPERTY ORIGINALLY BUILT IN 2001. THE RENTS WILL BE AFFORDABLE TO HOUSEHOLDS EARNING 50% OR BELOW THE MEDIAN AREA INCOME.SINCE 2011, ALL AHM NEW CONSTRUCTION DEVELOPMENTS HAVE RECEIVED NATIONAL ASSOCIATION OF HOME BUILDERS GREEN BUILDING STANDARD AND ENERGY STAR CERTIFICATIONS. THE ORGANIZATION RECEIVED THE NATIONAL ASSOCIATION OF HOME BUILDERS RESEARCH CENTER 2011 GREEN PARTNER OF THE YEAR AWARD AND WAS SELECTED A 2020 NATIONAL GREEN BUILDING STANDARD GREEN PARTNER OF EXCELLENCE.OTHER ACTIVITY INCLUDED THE INVESTIGATION AND ANALYSIS OF PURCHASING EXISTING APARTMENT COMPLEXES AND LAND SUITABLE FOR AFFORDABLE HOUSING.Expenses $1,943,316 · revenue $1,654,844
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7078343
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $16,557,738
- Income (IRS master file)
- $1,908,537
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,908,537 | $2,383,669 | $16,557,738 | IRS |
| 990 | June 2024 | $2,803,222 | $2,020,886 | $12,526,103 | XML |
| 990 | June 2023 | $2,347,714 | $1,857,904 | $12,547,469 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7078343).
Questions about AFFORDABLE HOUSING MANAGEMENT INC
- What is the EIN of AFFORDABLE HOUSING MANAGEMENT INC?
- The employer identification number (EIN) of AFFORDABLE HOUSING MANAGEMENT INC is 23-7078343.
- Is AFFORDABLE HOUSING MANAGEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to AFFORDABLE HOUSING MANAGEMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFFORDABLE HOUSING MANAGEMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFFORDABLE HOUSING MANAGEMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFFORDABLE HOUSING MANAGEMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AFFORDABLE HOUSING MANAGEMENT INC?
- The 990 for the year ended June 30, 2025 names GRANT DUFFIELD.
- Who are the officers and directors of AFFORDABLE HOUSING MANAGEMENT INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $241,581 (DAVID LEVY, ASST SEC (FORMER EXEC DIR)).
- How much revenue does AFFORDABLE HOUSING MANAGEMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,908,537, expenses of $2,383,669 and total assets of $16,557,738 at year end.
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