Civic Intelligence

Affordable Housing Institute Inc.

EIN 59-3223001 • 501(c)3 • Charlotte, NC

Pub. 78 EligibleNTEE P80

Profile

Affordable housing insitute, inc. To indentify opportunitites to convert and improve multi-family and other appropriate housing stock in order to provide clean, decent and sanitary housing to low income citizens.

1115 E Morehead Street 200Charlotte, NC 28204

n/A

Siviq Scores

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

Liabilities / Assets

36th percentile

0.09x

Higher debt load relative to assets than 36% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.44x

Higher debt load relative to revenue than 72% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2024

Net Margin

33rd percentile

-1.0%

Higher net margin than 33% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$450,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 41.6% of source-year revenue.

NTEE P • $5M-$10M nonprofits • Source year 2024

Asset Growth

37th percentile

0.0%

Faster asset growth than 37% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,136,509

Up $1,156 (+0.0%) from 2023

Liabilities

Up

$476,433

Up $11,958 (+2.6%) from 2023

Net Assets

Down

$4,660,076

Down $10,802 (-0.2%) from 2023

Revenue

Down

$1,081,842

Down $3,718,801 (-77%) from 2023

Expenses

Down

$1,092,644

Down $210,347 (-16%) from 2023

Net Income

Down

-$10,802

Down $3,508,454 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $9,141Liabilities 2011: $42,7442011Assets 2012: $12,849Liabilities 2012: $45,313Net Assets 2012: -$32,4642012Assets 2013: $10,124Net Assets 2013: $10,1242013Assets 2014: $51,649Liabilities 2014: $0Net Assets 2014: $51,6492014Assets 2015: $486,435Liabilities 2015: $299,200Net Assets 2015: $187,2352015Assets 2016: $480,341Liabilities 2016: $299,200Net Assets 2016: $181,1412016Assets 2017: $865,459Liabilities 2017: $299,200Net Assets 2017: $566,2592017Assets 2018: $820,464Liabilities 2018: $301,075Net Assets 2018: $519,3892018Assets 2019: $792,810Liabilities 2019: $301,754Net Assets 2019: $491,0562019Assets 2020: $1,261,377Liabilities 2020: $299,233Net Assets 2020: $962,1442020Assets 2021: $1,595,981Liabilities 2021: $399,230Net Assets 2021: $1,196,7512021Assets 2022: $1,563,903Liabilities 2022: $428,148Net Assets 2022: $1,135,7552022Assets 2023: $5,135,353Liabilities 2023: $464,475Net Assets 2023: $4,670,8782023Assets 2024: $5,136,509Liabilities 2024: $476,433Net Assets 2024: $4,660,0762024

Highlighted filing

2024

Assets$5,136,509
Liabilities$476,433
Net Assets$4,660,076

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $110,211Expenses 2011: $111,566Net Income 2011: -$1,3552011Revenue 2012: $112,554Expenses 2012: $111,415Net Income 2012: $1,1392012Revenue 2013: $121,692Expenses 2013: $121,736Net Income 2013: -$442013Revenue 2014: $432,577Expenses 2014: $391,052Net Income 2014: $41,5252014Revenue 2015: $183,115Expenses 2015: $199,251Net Income 2015: -$16,1362015Revenue 2016: $231,444Expenses 2016: $237,538Net Income 2016: -$6,0942016Revenue 2017: $738,708Expenses 2017: $353,590Net Income 2017: $385,1182017Revenue 2018: $307,365Expenses 2018: $354,235Net Income 2018: -$46,8702018Revenue 2019: $405,585Expenses 2019: $433,918Net Income 2019: -$28,3332019Revenue 2020: $1,201,259Expenses 2020: $682,581Net Income 2020: $518,6782020Revenue 2021: $1,123,892Expenses 2021: $889,285Net Income 2021: $234,6072021Revenue 2022: $939,320Expenses 2022: $998,717Net Income 2022: -$59,3972022Revenue 2023: $4,800,643Expenses 2023: $1,302,991Net Income 2023: $3,497,6522023Revenue 2024: $1,081,842Expenses 2024: $1,092,644Net Income 2024: -$10,8022024

Highlighted filing

2024

Revenue$1,081,842
Expenses$1,092,644
Net Income-$10,802

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.14$0.48$4.66$1.08$1.09$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$0.46$4.67$4.80$1.30$3.50
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.43$1.14$0.94$1.00$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.40$1.20$1.12$0.89$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.30$0.96$1.20$0.68$0.52
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.30$0.49$0.41$0.43$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.30$0.52$0.31$0.35$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.30$0.57$0.74$0.35$0.39
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.30$0.18$0.23$0.24$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.30$0.19$0.18$0.20$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.43$0.39$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.01$0.12$0.12$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.05$0.03$0.11$0.11$0.00
2011Summary only. Only limited summary data is available for this year.$0.01$0.04$0.11$0.11$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$2,961,204
Mission and Program Overview

Mission

Affordable housing insitute, inc. To indentify opportunitites to convert and improve multi-family and other appropriate housing stock in order to provide clean, decent and sanitary housing to low income citizens.

Lessening the burdens of government by providing housing for financially distressed seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,670,878$4,660,076▼ $10,802
Other Notes and Loans Receivable, Net$2,850,000$2,850,000→ $0
Land, Buildings, and Equipment, Net$1,302,535$1,301,755▼ $780
Investments Program Related$475,410$560,723▲ $85,313
Cash and Non-Interest-Bearing Accounts$400,622$301,561▼ $99,061
Accounts Receivable$106,786$122,470▲ $15,684
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,135,353$5,136,509▲ $1,156
Liabilities
Mortgage Notes Payable Secured by Investment Property$399,197$399,197→ $0
Other Liabilities$65,278$77,236▲ $11,958
Total Liabilities$464,475$476,433▲ $11,958
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,670,878$4,660,076▼ $10,802
Total Liabilities and Net Assets / Fund Balance$5,135,353$5,136,509▲ $1,156

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,300,000-$1,300,000
Other Land Buildings$1,755$37,550$39,305
Investment Program Related Org$560,723--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bryan HartnettPresidentFT$450,000$450,000
Robert C HartnettVice PresFT$267,100$267,100

Board Members and Trustees

NameTitle
Elizabeth R HarnettDirector
Jill C HartnettDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$997,190
Investment Income
$1,051
Other Revenue
$83,601
Change in Net Assets
$-10,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$769,553
Other Expenses$320,046
Grants and Similar Amounts Paid$3,045
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$537,825$179,275-$717,100
Office Expenses$155,767$51,922-$207,689
Occupancy$75,850$25,283-$101,133
Payroll Taxes$23,478$7,826-$31,304
Other Employee Benefits$15,862$5,287-$21,149
Fees for Services Accounting$5,198$1,733-$6,931
Grants to Domestic Orgs$3,045--$3,045
Travel$1,692--$1,692
Other Expenses$880$293-$1,173
Depreciation Depletion$780--$780
Fees for Services Other$648--$648
Total Functional Expenses$821,025$271,619$0$1,092,644
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Nc Payroll Tax Payable$72,696
Payroll Tax Payable$4,540
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Bryan c harnett, president is married to jill c. Hartnett, director, and is the son of robert c hatnett, vice president and elizabeth r hartnett, director

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the president and vice-president before the return is filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request. Its form 990 is available on pulbic websites such as guidestar.org

Filing and Contact Details

Filer

Filer Name
Affordable Housing Institute Inc
EIN
59-3223001
Phone
7045751268
Address
1115 E MOREHEAD STREET 200, CHARLOTTE, NC 28204

Signing Officer

Name
Bryan Hartnett
Title
President
Phone
7045751268
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan Hartnett
Formed
1993
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Schafer Tschopp Et Al
Address
541 S ORLANDO AVE STE 300, MAITLAND, FL 32751
Preparer
Stephen J Sheridan
Phone
4078393330
Raw XML AppendixShowing 400 of 1,149 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/MissionDesc0AFFORDABLE 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
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRYAN HARTNETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBERT C HARTNETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRYAN C HARNETT, PRESIDENT IS MARRIED TO JILL C. HARTNETT, DIRECTOR, AND IS THE SON OF ROBERT C HATNETT, VICE PRESIDENT AND ELIZABETH R HARTNETT, DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND VICE-PRESIDENT BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. ITS FORM 990 IS AVAILABLE ON PULBIC WEBSITES SUCH AS GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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