Civic Intelligence

Federation of Appalachian Housing Enterprises Inc

EIN 31-0986871 • 501(c)3 • Berea, KY

Profile

Fahe makes a difference by providing opportunities to the appalachian region, which has historically been one of the most impoverished in the nation. These opportunities positively change the lives of over 50,000 families annually by connecting other non-profits, communities, and individuals with the resources they need to create better lives. These resources include funding, partnership, education, advocacy, and consulting. Our efforts empower families to take the steps needed to buy a home, start a business, or access essential services for their communities. The primary way in which fahe is able to serve the region so effectively is due to its membership network. With 50+ local non-profit organizations across 6 states serving as boots-on-the-ground community liaisons, fahe is able to leverage its expertise through local partners to affect change to those in locations where traditional markets have failed.

Refreshing map…

319 Oak StreetBerea, KY 40403

www.fahe.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.63x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

2.56x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

88th percentile

40%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

24th percentile

$301,110

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

92nd percentile

32%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

91st percentile

74%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$106,776,784

Up $10,266,347 (+11%) from 2021

Liabilities

Up

$69,038,052

Up $4,906,091 (+7.6%) from 2021

Net Assets

Up

$37,738,732

Up $5,360,256 (+17%) from 2021

Revenue

Up

$18,063,408

Up $5,534,717 (+44%) from 2021

Expenses

Up

$12,731,295

Up $1,477,184 (+13%) from 2021

Net Income

Up

$5,332,113

Up $4,057,533 (+318%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $42,878,454Liabilities 2010: $23,735,027Net Assets 2010: $19,143,4272010Assets 2011: $45,089,367Liabilities 2011: $25,631,472Net Assets 2011: $19,457,8952011Assets 2012: $50,596,260Liabilities 2012: $29,410,659Net Assets 2012: $21,185,6012012Assets 2013: $52,553,710Liabilities 2013: $30,875,719Net Assets 2013: $21,677,9912013Assets 2014: $53,323,354Liabilities 2014: $30,432,395Net Assets 2014: $22,890,9592014Assets 2016: $54,325,059Liabilities 2016: $29,255,004Net Assets 2016: $25,070,0552016Assets 2017: $60,541,128Liabilities 2017: $29,371,995Net Assets 2017: $31,169,1332017Assets 2018: $63,964,692Liabilities 2018: $32,672,690Net Assets 2018: $31,292,0022018Assets 2019: $70,188,909Liabilities 2019: $38,875,866Net Assets 2019: $31,313,0432019Assets 2021: $96,510,437Liabilities 2021: $64,131,961Net Assets 2021: $32,378,4762021Assets 2022: $106,776,784Liabilities 2022: $69,038,052Net Assets 2022: $37,738,7322022

Highlighted filing

2022

Assets$106,776,784
Liabilities$69,038,052
Net Assets$37,738,732

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $4,710,1472010Expenses 2011: $5,481,8622011Expenses 2012: $6,012,8472012Expenses 2013: $6,049,2182013Revenue 2014: $9,035,931Expenses 2014: $7,374,360Net Income 2014: $1,661,5712014Revenue 2016: $6,847,720Expenses 2016: $5,998,619Net Income 2016: $849,1012016Revenue 2017: $12,771,012Expenses 2017: $6,680,341Net Income 2017: $6,090,6712017Revenue 2018: $7,708,444Expenses 2018: $7,606,069Net Income 2018: $102,3752018Revenue 2019: $7,883,995Expenses 2019: $7,877,156Net Income 2019: $6,8392019Revenue 2021: $12,528,691Expenses 2021: $11,254,111Net Income 2021: $1,274,5802021Revenue 2022: $18,063,408Expenses 2022: $12,731,295Net Income 2022: $5,332,1132022

Highlighted filing

2022

Revenue$18,063,408
Expenses$12,731,295
Net Income$5,332,113

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$12,840,017
Mission and Program Overview

Mission

Fahe makes a difference by providing opportunities to the appalachian region, which has historically been one of the most impoverished in the nation. These opportunities positively change the lives of over 80,000 individuals annually by connecting other non-profits, communities, and individuals with the resources they need to create better lives. These resources include funding, partnership, education, advocacy, and consulting. Our efforts empower families to take the steps needed to buy a home, start a business, or access essential services for their communities. The primary way in which fahe is able to serve the region so effectively is due to its membership network. With 50+ local non-profit organizations across 6 states serving as boots-on-the-ground community liaisons, fahe is able to leverage its expertise through local partners to affect change to those in locations where traditional markets have failed.

Fahe makes a difference by providing opportunities to the appalachian region, which has historically been one of the most impoverished in the nation. These opportunities positively change the lives of over 75,000 families annually by connecting other non-profits, communities, and individuals with the resources they need to create better lives. These resources include funding, partnership, education, advocacy, and consulting. Our efforts empower families to take the steps needed to buy a home, start a business, or access essential services for their communities. The primary way in which fahe is able to serve the region so effectively is due to its membership network. With 50+ local non-profit organizations across 6 states serving as boots-on-the-ground community liaisons, fahe is able to leverage its expertise through local partners to affect change to those in locations where traditional markets have failed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$40,678,081$40,944,689▲ $266,608
Savings and Temporary Cash Investments$3,224,690$8,398,622▲ $5,173,932
Pledges and Grants Receivable$256,500$3,708,407▲ $3,451,907
Land, Buildings, and Equipment, Net$3,438,332$3,347,638▼ $90,694
Cash and Non-Interest-Bearing Accounts$5,176,382$2,514,183▼ $2,662,199
Accounts Receivable$353,865$658,701▲ $304,836
Prepaid Expenses and Deferred Charges$124,739$136,116▲ $11,377
Intangible Assets$114,390$109,992▼ $4,398
Investments in Publicly Traded Securities$88,500$88,500→ $0
Investments Other Securities$41,693$50,100▲ $8,407
Loans From Officers Directors$10,000$10,000→ $0
Total Assets$54,325,059$60,541,128▲ $6,216,069
Other Assets Total$827,887$584,180▼ $243,707
Liabilities
Unsecured Notes Loans Payable$14,503,419$15,634,481▲ $1,131,062
Mortgage Notes Payable Secured by Investment Property$8,996,556$6,694,058▼ $2,302,498
Other Liabilities$2,044,929$3,082,670▲ $1,037,741
Escrow Account Liability$2,021,771$2,162,139▲ $140,368
Deferred Revenue$969,931$968,431▼ $1,500
Accounts Payable and Accrued Expenses$708,398$820,216▲ $111,818
Total Liabilities$29,255,004$29,371,995▲ $116,991
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,139,618$15,303,760▲ $5,164,142
Unrestricted Net Assets$13,479,557$14,430,914▲ $951,357
Permanently Rstr Net Assets$1,450,880$1,434,459▼ $16,421
Total Net Assets Fund Balance$25,070,055$31,169,133▲ $6,099,078
Total Liabilities and Net Assets / Fund Balance$54,325,059$60,541,128▲ $6,216,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,022,641$245,439$3,268,080
Equipment$194,864$707,460$902,324
Land$130,133-$130,133
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim KingPresident/ceFT$131,437$28,652$160,089
Jim KingPresident/CEO-$131,437$28,652$160,089
Pam JohnsonVice PresideFT$121,087$12,925$134,012
Sara MorganSecretaryFT$115,823$12,894$128,717
Brittney MurphyCFOFT$75,319$10,564$85,883

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,843,299
Program Service Revenue
$3,638,548
Investment Income
$23,605
Other Revenue
$265,560
All Other Contributions
$4,102,140
Change in Net Assets
$6,090,671

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,771,012
Total Revenue per Audited Statements
$12,771,012
Total Revenue per Form 990
$12,771,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,132,613
Other Expenses$2,602,404
Grants and Similar Amounts Paid$945,324
Total Fundraising Expense$472,222
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,327,211$99,972$261,764$2,688,947
Grants to Domestic Orgs$945,324--$945,324
Interest$562,666$2,537-$565,203
Current Officers, Directors, Trustees, and Key Employees$384,340$26,467$32,859$443,666
All Other Expenses$358,784$17,562$19,607$395,953
Depreciation Depletion$167,169$18,575-$185,744
Travel$116,200$7,624$13,393$137,217
Office Expenses$108,415$2,251$2,366$113,032
Fees for Services Legal$91,639$5,310$2,750$99,699
Other Expenses$86,580$130$325$87,035
Occupancy$35,856$4,495$5,296$45,647
Insurance$35,917$4,432$4,432$44,781
Advertising$21,627$2,918$6,216$30,761
Fees for Services Accounting$17,709$1,968-$19,677
Conferences and Meetings$17,085$627$743$18,455
Total Functional Expenses$5,998,448$209,671$472,222$6,680,341

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,680,341
Total Expenses per Audited Statements$6,680,341
Total Expenses per Form 990$6,680,341
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Housing Development Alliance IncHazard, KY501c3Ahtf, Fhlb-ahp, Nwvt$204,603
Frontier Housing IncMorehead, KY501c3Fhlb-ahp and Jcl$119,218
Partnership HousingBooneville, KY501c3Ahtf & Arc Draws$88,176
CoapHarlan, KY501c3Arc & Fhlb Draws$79,553
Clinch-powell Rc&dRutledge, TN501c3Fhlb Draw/jcl Grant$60,850
Knox Housing PartnershipKnoxville, TN501c3Nw Catalytic & Jcl$50,380
Ky Mountain Housing DevelopmentManchester, KY501c3Arc Grant$43,000
Harshaw TraneLouisville, KY501c3Rebuilding West Lib.$41,508
Solar Energy Solutions LLCLexington, KY-Rebuilding West Lib.$33,884
Ky Highlands Investment CorpLondon, KY501c3Ahtf, Arc, Jcl Draws$30,364
Creative Compassion IncCrossville, TN501c3Fhlb Draw/jcl Grant$29,214
Beattyville Housing DevelopmentBeattyville, KY501c3Ahtf & Arc Draws$27,654
Homes IncWhitesburg, KY501c3Arc & Jcl Mini Grant$27,300
Peoples Self Help Housing IncVanceburg, KY501c3Arc Grant$25,000
Christian Appalchian ProjectPaintsville, KY501c3Arc Draws$14,500
Kceoc Community Action PartnershipBarbourville, KY501c3Arc Draws$14,500
Pathfinder Services IncHuntington, IN501c3Jcl Mini Grant$12,719
Kentucky River FoothillsRichmond, KY501c4Ahtf Draws$12,333
Appalachia Service ProjectJohnson City, TN501c3Pass-thru Wv Flood$10,000
Almost Heaven Habitat for HumanityFranklin, WV501c3Pass-thru Wv Flood$7,500
Southern Appalchian Labor SchoolKincaid, WV-Pass-thru Wv Flood$7,500
Religious Coalition for CommunityCharlestown, WV501c3Jcl Mini-grant$5,568
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$10,000$10,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Equity Equivalent$3,000,000
Client Advances & Deposits$64,770
Long Term Servicing Payable$17,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Fahe works with 50+ member nonprofit organizations across the appalachian portion of kentucky, tennessee, west virginia, virginia, alabama, and maryland to complete their mission of eliminating presistent poverty in appalachia.

Form 990, Page 6, Part VI, Line 7A

All members have equal rights in voting on fahe's bylaws and the board of directors.

Form 990, Page 6, Part VI, Line 11B

An electronic copy of the return was emailed to management for review and approval. Once approved by management the electronic copy was submitted to the finance committee and the entire board of directors for review before final submission to the service.

Form 990, Page 6, Part VI, Line 12C

Directors and officers are required to periodically complete a new conflict of interest disclosure. The disclosure is completed and monitored annually.

Form 990, Page 6, Part VI, Line 15A

The organization regularly reviews a compensation survey published by neighborworks america when making salary decisions for the executive director. The organization also reviews industry schedules from opportunity finance network.

Form 990, Page 6, Part VI, Line 15B

The organization regularly reviews a compensation survey published by neighborworks america when making salary decisions for the other officers and key employees when available.

Form 990, Page 6, Part VI, Line 19

The governing documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Federation of Appalachian Housing
EIN
31-0986871
Phone
8599862321
Address
319 OAK STREET, BEREA, KY 40403

Signing Officer

Name
Jim King
Title
President/CEO
Phone
8599862321
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim King
Formed
1980
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
48
Volunteers
12

Preparer

Firm
Craft Noble & Company Pllc
Address
1018 IVAL JAMES BLVD STE B, RICHMOND, KY 40475
Preparer
P Jared Noble
Phone
8596234027
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Fahe makes a difference by providing opportunities to the appalachian region, which has historically been one of the most impoverished in the nation. These opportunities positively change the lives of over 75,000 families annually by connecting other non-profits, communities, and individuals with the resources they need to create better lives. These resources include funding, partnership, education, advocacy, and consulting. Our efforts empower families to take the steps needed to buy a home, start a business, or access essential services for their communities. The primary way in which fahe is able to serve the region so effectively is due to its membership network. With 50+ local non-profit organizations across 6 states serving as boots-on-the-ground community liaisons, fahe is able to leverage its expertise through local partners to affect change to those in locations where traditional markets have failed.

Form 990, Page 2, Part III, Line 4A

Revitalization. Fahe also has a community lending fund, which offers financing for multi-family housing projects, community facilities, and medical facilities throughout appalachia. Furthermore, the 50+ member fahe network employs over 2500 full-time employees. In its 30- year history, the fahe network has served more than 450,000 appalachians with housing, made over 703.5 million in direct investment, and achieved a total cumulative financial impact of over 1.4 billion dollars in the appalachian region.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization collects and maintains an escrow account for mortgages it maintains with its mortgage customers. It also maintains an escrow account for mortgages it services for other organizations. This escrow is maintained for customers to escrow for taxes and insurance.

Raw XML AppendixShowing 400 of 867 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 75,000 FAMILIES ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED.
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IRS990/Desc0FAHE WAS FOUNDED AS AN ORGANIZATION TO PROMOTE AFFORDABLE HOUSING IN APPALACHIA BUT HAS EXPANDED ITS GOALS TO NOT ONLY BE A LEADER IN HOUSING CONCERNS, BUT TO PARTNER WITH OTHER ORGANIZATIONS TO IMPACT REGIONAL ISSUES SUCH AS ENERGY EFFICIENCY, HEALTH, EDUCATION, AND ISSUES FOR THE AGING AND ELDERLY. ONE OF THE WAYS IT ACHIEVES THIS IMPACT IS BY HAVING A DIVERSE SET OF BUSINESS LINES THAT RELY ON PARTNERSHIP TO SERVE THE REGION. FAHE'S MORTGAGE LENDING DIVISION, JUSTCHOICE LENDING, HAS PARTNERED WITH THE U.S. DEPT. OF AGRICULTURE AND KEY LENDERS SUCH AS J.P. MORGAN CHASE BANK. FAHE'S CONSULTING DIVISION ROUTINELY WORKS WITH CITY GOVERNMENTS IN OUR REGION TO IMPROVE INFRASTRUCTURE, PROVIDE ECONOMIC DEVELOPMENT, AND NEIGHBORHOOD REVITALIZATION. FAHE ALSO HAS A COMMUNITY LENDING FUND, WHICH OFFERS FINANCING FOR MULTI-FAMILY HOUSING PROJECTS, COMMUNITY FACILITIES, AND MEDICAL FACILITIES THROUGHOUT APPALACHIA. FURTHERMORE, THE 50+ MEMBER FAHE NETWORK EMPLOYS OVER 2500 FULL-TIME EMPLOYEES. IN ITS 30- YEAR HISTORY, THE FAHE NETWORK HAS SERVED MORE THAN 450,000 APPALACHIANS WITH HOUSING, MADE OVER 703.5 MILLION IN DIRECT INVESTMENT, AND ACHIEVED A TOTAL CUMULATIVE FINANCIAL IMPACT OF OVER 1.4 BILLION DOLLARS IN THE APPALACHIAN REGION.
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IRS990/MissionDesc0FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 75,000 FAMILIES ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED.
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