Nonprofit · EIN 59-3223001
AFFORDABLE HOUSING INSTITUTE INC
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,081,842 | $1,092,644 | -$10,802 | $5,136,509 | $476,433 | $4,660,076 |
| December 31, 2023 | 990 | $4,800,643 | $1,302,991 | $3,497,652 | $5,135,353 | $464,475 | $4,670,878 |
| December 31, 2022 | 990 | $939,320 | $998,717 | -$59,397 | $1,563,903 | $428,148 | $1,135,755 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $997,190
- Investment income
- $1,051
- Net rental income
- $83,601
- Other revenue
- $83,601
Expenses
- Grants and similar amounts paid
- $3,045
- Compensation of officers, directors and key employees
- $717,100
- Salaries, compensation and benefits (total)
- $769,553
- Professional fundraising fees
- $0
- Accounting fees
- $6,931
- Occupancy
- $101,133
- Travel
- $1,692
- Depreciation
- $780
- Program services (functional)
- $821,025
- Management and general (functional)
- $271,619
Balance sheet and other
- Total assets, start of year
- $5,135,353
- Total assets, end of year
- $5,136,509
- Total liabilities, end of year
- $476,433
- Net assets, end of year
- $4,660,076
- Land, buildings and equipment
- $1,301,755
- Gross receipts
- $2,961,204
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- FL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN HARTNETT | PRESIDENT Trustee or director, Officer | 40 | $450,000 |
| ROBERT C HARTNETT | VICE PRES Officer | 40 | $267,100 |
| ELIZABETH R HARNETT | DIRECTOR Trustee or director | 1 | $0 |
| JILL C HARTNETT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN HARTNETT | PRESIDENT Trustee or director, Officer | 40 | $515,000 |
| ROBERT C HARTNETT | VICE PRES Officer | 40 | $195,000 |
| ELIZABETH R HARNETT | DIRECTOR Trustee or director | 1 | $0 |
| JILL C HARTNETT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN HARTNETT | PRESIDENT Trustee or director, Officer | 35 | $630,000 |
| ROBERT C HARTNETT | VICE PRES Officer | 20 | $165,000 |
| ELIZABETH R HARNETT | DIRECTOR Trustee or director | 1 | $0 |
| JILL C HARTNETT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 111 E MOREHEAD ST STE 200, CHARLOTTE, NC 28202-0000
- In care of
- % ROBERT C HARTNETT
- Principal officer (990 for 2024)
- BRYAN HARTNETT, 1115 E MOREHEAD STREET 200, CHARLOTTE, NC 28204
- Signed the 990
- BRYAN HARTNETT, PRESIDENT
- Phone
- (704) 575-1268
- Return prepared by
- SCHAFER TSCHOPP ET AL
Mission
AFFORDABLE HOUSING INSTITUTE, INC. IDENTIFIES OPPORTUNIITIES TO DEVELOP, REHABILITATE AND PRESERVE AFFORDABLE HOUSING COMMUNIITIES TO PROVIDE QUALITY HOUSING TO RESIDENTS WITH LIMITED INCOME ACROSS THE UNITED STATES
Program accomplishments
- THE ORGANIZATION OWNS GENERAL PARTNERSHIP INTERESTS IN SEVERAL AFFORDABLE HOUSING PARTNERSHIPS THAT IT ACTIVELY MANAGES.ITS LARGEST SINGLE AFFORDABLE HOUSING EFFORT IS LANDINGS AT SEA FOREST IN PASCO COUNTY, FL. THIS PROPERTY IS A SENIOR CITIZEN COMMUNITY WITH 60% OF THE UNITS SET ASIDE FOR PERSONS WITH 60% OR LESS OF THE AVERAGE MEDIAN INCOME. THE ORGANIZATION OWNS A GENERAL PARTNERSHIP INTEREST IN THIS PROPERTY WITH AN 80% ECONOMIC INTEREST IN THE PROPERTY.THE ORGANIZATION ALSO OWNS GENERAL PARTNERSHIP INTERESTS IN SEVERAL OTHER AFFORDABLE HOUSING COMMUNITIESrevenue $85,411
- THE ORGANIZATION PROVIDES CONSULTING AND MANAGEMENT SERVICES TO AFFORDABLE HOUSING COMMUNITIES. THE ORGANZIATON RECEIVES CONSULTING, DEVELOPMENT AND MANAGEMENT FEES FROM THESE AFFORDABLE HOUSING COMMUNIITIES AS A RESULT OF ITS EFFORTS IN DEVELOPING AND MANAGING THESE COMMUNITIES.Expenses $821,025 · grants $3,045 · revenue $995,380
- AFFORDABLE HOUSING INSITUTE, INC. SEEKS OPPORTUNITITES TO DEVELOP NEW AFFORDABLE HOUSING COMMUNITIES AS WELL AS REHABILITATE AND PRESERVE EXISTING AFFORDABLE HOUSING COMMUNITIES. IN CONNECTION WITH THESE EFFORTS, THE ORGANIZATION RECEIVES LEASE REVENUE FROM LAND USED BY CERTAIN OF THESE AFFORDABLE HOUSING COMMUNITIES.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3223001
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $5,136,509
- Income (IRS master file)
- $2,961,204
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,081,842 | $1,092,644 | $5,136,509 | IRS |
| 990 | December 2023 | $4,800,643 | $1,302,991 | $5,135,353 | XML |
| 990 | December 2022 | $939,320 | $998,717 | $1,563,903 | XML |
| 990 | December 2021 | $1,123,892 | $889,285 | $1,595,981 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 59-3223001).
Questions about AFFORDABLE HOUSING INSTITUTE INC
- What is the EIN of AFFORDABLE HOUSING INSTITUTE INC?
- The employer identification number (EIN) of AFFORDABLE HOUSING INSTITUTE INC is 59-3223001.
- Is AFFORDABLE HOUSING INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to AFFORDABLE HOUSING INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFFORDABLE HOUSING INSTITUTE 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 INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFFORDABLE HOUSING INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFFORDABLE HOUSING INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names BRYAN HARTNETT.
- Who are the officers and directors of AFFORDABLE HOUSING INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $450,000 (BRYAN HARTNETT, PRESIDENT).
- How much revenue does AFFORDABLE HOUSING INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,081,842, expenses of $1,092,644 and total assets of $5,136,509 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Human services