Civic Intelligence

Aof Oceanside Affordable Housing Corp

EIN 82-2074654 • 501(c)3 • Atlanta, GA

Profile

To foster, support, provide, develop, acquire, construct, rehabilitate and/or operate qualified affordable housing for low-to-moderate income persons and families, elderly persons and/or mentally or physically disabled persons.

1000 Parkwood Circle SE 805Atlanta, GA 30339

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

1.60x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

1.96x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

24th percentile

-18%

Higher net margin than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

97th percentile

368%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$24,487

Up $19,254 (+368%) from 2023

Liabilities

Up

$39,229

Up $22,838 (+139%) from 2023

Net Assets

Down

-$14,742

Down $3,584 (-32%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin24th percentile

Revenue

Up

$20,004

Up $2,643 (+15%) from 2023

Expenses

Up

$23,588

Up $6,284 (+36%) from 2023

Net Income

Down

-$3,584

Down $3,641 (-6388%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

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

$60K$40K$20K$0-$20KAssets 2017: $1,500Liabilities 2017: $1,500Net Assets 2017: $02017Assets 2018: $3,167Liabilities 2018: $4,167Net Assets 2018: -$1,0002018Assets 2019: $23,171Liabilities 2019: $24,981Net Assets 2019: -$1,8102019Assets 2020: $43,175Liabilities 2020: $44,985Net Assets 2020: -$1,8102020Assets 2021: $11,172Liabilities 2021: $26,672Net Assets 2021: -$15,5002021Assets 2022: $13,542Liabilities 2022: $24,757Net Assets 2022: -$11,2152022Assets 2023: $5,233Liabilities 2023: $16,391Net Assets 2023: -$11,1582023Assets 2024: $24,487Liabilities 2024: $39,229Net Assets 2024: -$14,7422024

Highlighted filing

2024

Assets$24,487
Liabilities$39,229
Net Assets-$14,742
Open 2024 Filing

Operations Trend

Revenue Growth68th percentile

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

$60K$40K$20K$0-$20KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $1,667Expenses 2018: $2,667Net Income 2018: -$1,0002018Revenue 2019: $20,004Expenses 2019: $20,814Net Income 2019: -$8102019Revenue 2020: $20,004Expenses 2020: $20,004Net Income 2020: $02020Revenue 2021: $6,824Expenses 2021: $20,514Net Income 2021: -$13,6902021Revenue 2022: $51,855Expenses 2022: $47,570Net Income 2022: $4,2852022Revenue 2023: $17,361Expenses 2023: $17,304Net Income 2023: $572023Revenue 2024: $20,004Expenses 2024: $23,588Net Income 2024: -$3,5842024

Highlighted filing

2024

Revenue$20,004
Expenses$23,588
Net Income-$3,584
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,487
Liabilities
$39,229
Net assets
-$14,742
Revenue
$20,004
Expenses
$23,588
Net income
-$3,584
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.5$39.2$14.7$20.0$23.6$3.58
2023Detailed filing. Detailed filing data is available for this year.$5.23$16.4$11.2$17.4$17.3$0.06
2022Detailed filing. Detailed filing data is available for this year.$13.5$24.8$11.2$51.9$47.6$4.29
2021Detailed filing. Detailed filing data is available for this year.$11.2$26.7$15.5$6.82$20.5$13.7
2020Detailed filing. Detailed filing data is available for this year.$43.2$45.0$1.81$20.0$20.0$0.00
2019Detailed filing. Detailed filing data is available for this year.$23.2$25.0$1.81$20.0$20.8$0.81
2018Detailed filing. Detailed filing data is available for this year.$3.17$4.17$1.00$1.67$2.67$1.00
2017Detailed filing. Detailed filing data is available for this year.$1.50$1.50$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$20,004
Mission and Program Overview

Mission

To foster, support, provide, develop, acquire, construct, rehabilitate and/or operate qualified affordable housing for low-to-moderate income persons and families, elderly persons and/or mentally or physically disabled persons.

Program Services

DescriptionGrantsExpenses
GENERAL PARTNERSHIP INTEREST IN A PARTNERSHIP THAT PROVIDES 104 AFFORDABLE HOUSING UNITS TO LOW-INCOME, ELDERLY AND/OR TOTALLY DISABLED PERSONS AND FAMILIES.$0$23,338
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PHILIP J KENNEDYPresident, Trustee-$0--
ROBERT R DERRICKTrustee-$0--
WILLIAM F FISHER IIITrustee-$0--
KATHRYN T WALKERVice President, Trustee-$0--
DOUGLAS TRIVERSTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Aof Oceanside Affordable Housing Corp
EIN
82-2074654
Phone
7709370377
Address
1000 PARKWOOD CIRCLE SE 805, ATLANTA, GA 30339

Signing Officer

Name
Kathryn T Walker
Title
Vice President
Phone
7709370377
Signed
2025-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: management fee. Amount: 23,338. Description: licenses & permits. Amount: 250. Total to form 990-ez, line 16: 23,588.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: management fee receivable. Beg. Of year amount: 0. End of year amount: 20,004.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: management fees payable. Beg. Of year amount: 15,891. End of year amount: 39,229. Description: due to aof. Beg. Of year amount: 500. End of year amount: 0.”

Raw XML Appendix161 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PHILIP J KENNEDY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROBERT R DERRICK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KATHRYN T WALKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DOUGLAS TRIVERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT, TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDENT, TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO FOSTER, SUPPORT, PROVIDE, DEVELOP, ACQUIRE, CONSTRUCT, REHABILITATE AND/OR OPERATE QUALIFIED AFFORDABLE HOUSING FOR LOW-TO-MODERATE INCOME PERSONS AND FAMILIES, ELDERLY PERSONS AND/OR MENTALLY OR PHYSICALLY DISABLED PERSONS.
IRS990EZ/ProgramServiceRevenueAmt020004
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GENERAL PARTNERSHIP INTEREST IN A PARTNERSHIP THAT PROVIDES 104 AFFORDABLE HOUSING UNITS TO LOW-INCOME, ELDERLY AND/OR TOTALLY DISABLED PERSONS AND FAMILIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MANAGEMENT FEE. AMOUNT: 23,338. DESCRIPTION: LICENSES & PERMITS. AMOUNT: 250. TOTAL TO FORM 990-EZ, LINE 16: 23,588.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MANAGEMENT FEE RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 20,004.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: MANAGEMENT FEES PAYABLE. BEG. OF YEAR AMOUNT: 15,891. END OF YEAR AMOUNT: 39,229. DESCRIPTION: DUE TO AOF. BEG. OF YEAR AMOUNT: 500. END OF YEAR AMOUNT: 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN T WALKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07709370377
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AOF OCEANSIDE AFFORDABLE HOUSING CORP
ReturnHeader/Filer/BusinessNameControlTxt0AOFO
ReturnHeader/Filer/EIN0822074654
ReturnHeader/Filer/PhoneNum07709370377
ReturnHeader/Filer/USAddress/AddressLine1Txt01000 PARKWOOD CIRCLE SE 805
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030339
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582646754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARTER & COMPANY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 279
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DESTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032540
ReturnHeader/PreparerPersonGrp/PhoneNum08506500125
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL T BOERMA
ReturnHeader/ReturnTs02025-11-15T11:20:21-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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