Civic Intelligence

Alexandria Housing Development Corporation

990 • Fiscal year 2017 • EIN 84-1650039

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 14, 2018

Organization ProfileWWW.HOUSINGALEXANDRIA.ORG

View Organization Page

801 North Pitt Street No 116Alexandria, VA 22314

(703) 739-7775

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.64x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

13.66x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

8th percentile

-31%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

41st percentile

$149,752

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

50th percentile

4.6%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

4.0%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$24,720,487

Up $1,085,390 (+4.6%) from 2016

Net Assets

Down

$9,014,576

Down $350,870 (-3.7%) from 2016

Liabilities

Up

$15,705,911

Up $1,436,260 (+10%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin8th percentile

Revenue

Up

$1,149,422

Up $43,933 (+4.0%) from 2016

Expenses

Up

$1,500,292

Up $134,211 (+9.8%) from 2016

Net Income

Down

-$350,870

Down $90,278 (-35%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0-$100MAssets 2010: $10,627,798Liabilities 2010: $2,327,882Net Assets 2010: $8,299,9162010Assets 2011: $34,057,443Liabilities 2011: $26,158,937Net Assets 2011: $7,898,5062011Assets 2012: $34,437,672Liabilities 2012: $26,484,910Net Assets 2012: $7,952,7622012Assets 2013: $34,664,268Liabilities 2013: $26,877,845Net Assets 2013: $7,786,4232013Assets 2014: $23,643,372Liabilities 2014: $13,905,302Net Assets 2014: $9,738,0702014Assets 2015: $23,370,909Liabilities 2015: $13,744,871Net Assets 2015: $9,626,0382015Assets 2016: $23,635,097Liabilities 2016: $14,269,651Net Assets 2016: $9,365,4462016Assets 2017: $24,720,487Liabilities 2017: $15,705,911Net Assets 2017: $9,014,5762017Assets 2018: $13,583,730Liabilities 2018: $2,890,208Net Assets 2018: $10,693,5222018Assets 2019: $21,970,340Liabilities 2019: $8,933,466Net Assets 2019: $13,036,8742019Assets 2020: $129,845,902Liabilities 2020: $119,850,682Net Assets 2020: $9,995,2202020Assets 2021: $129,711,642Liabilities 2021: $124,491,325Net Assets 2021: $5,220,3172021Assets 2022: $186,839,612Liabilities 2022: $186,821,136Net Assets 2022: $18,4762022Assets 2023: $211,634,366Liabilities 2023: $216,592,908Net Assets 2023: -$4,958,5422023Assets 2024: $229,371,203Liabilities 2024: $238,101,064Net Assets 2024: -$8,729,8612024

Highlighted filing

2017

Assets$24,720,487
Liabilities$15,705,911
Net Assets$9,014,576
Open 2017 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $235,2722010Expenses 2011: $1,436,5762011Expenses 2012: $1,910,0892012Revenue 2013: $2,099,539Expenses 2013: $2,265,878Net Income 2013: -$166,3392013Revenue 2014: $3,886,670Expenses 2014: $1,935,023Net Income 2014: $1,951,6472014Revenue 2015: $1,054,931Expenses 2015: $1,166,963Net Income 2015: -$112,0322015Revenue 2016: $1,105,489Expenses 2016: $1,366,081Net Income 2016: -$260,5922016Revenue 2017: $1,149,422Expenses 2017: $1,500,292Net Income 2017: -$350,8702017Revenue 2018: $4,500,719Expenses 2018: $2,841,324Net Income 2018: $1,659,3952018Revenue 2019: $3,608,241Expenses 2019: $1,414,783Net Income 2019: $2,193,4582019Revenue 2020: $10,053,234Expenses 2020: $13,094,575Net Income 2020: -$3,041,3412020Revenue 2021: $8,689,601Expenses 2021: $13,464,612Net Income 2021: -$4,775,0112021Revenue 2022: $12,284,689Expenses 2022: $17,486,321Net Income 2022: -$5,201,6322022Revenue 2023: $14,111,076Expenses 2023: $19,106,236Net Income 2023: -$4,995,1602023Revenue 2024: $16,572,591Expenses 2024: $20,346,453Net Income 2024: -$3,773,8622024

Highlighted filing

2017

Revenue$1,149,422
Expenses$1,500,292
Net Income-$350,870
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 14, 2018
Return Version
2017v2.3
Gross Receipts
$1,149,422
Mission and Program Overview

Mission

The organization's primary exempt purpose is to produce and preserve affordable housing in the city of alexandria, va.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,598,619$10,465,017▼ $133,602
Investments Program Related$7,900,000$7,900,000→ $0
Savings and Temporary Cash Investments$1,187,336$543,567▼ $643,769
Cash and Non-Interest-Bearing Accounts$56,870$183,808▲ $126,938
Accounts Receivable$19,124$24,319▲ $5,195
Prepaid Expenses and Deferred Charges$6,306$7,306▲ $1,000
Pledges and Grants Receivable-$6,462-
Total Assets$23,635,097$24,720,487▲ $1,085,390
Other Assets Total$3,866,842$5,590,008▲ $1,723,166
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,797,269$13,537,639▲ $740,370
Accounts Payable and Accrued Expenses$1,428,705$2,058,810▲ $630,105
Other Liabilities$9,948$77,950▲ $68,002
Escrow Account Liability$27,713$23,004▼ $4,709
Deferred Revenue$6,016$8,508▲ $2,492
Total Liabilities$14,269,651$15,705,911▲ $1,436,260
Net Assets / Fund Balance
Unrestricted Net Assets$9,032,991$8,681,921▼ $351,070
Permanently Rstr Net Assets$332,455$332,655▲ $200
Total Net Assets Fund Balance$9,365,446$9,014,576▼ $350,870
Total Liabilities and Net Assets / Fund Balance$23,635,097$24,720,487▲ $1,085,390

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,990,813-$5,990,813
Buildings$4,403,576$791,964$5,195,540
Other Land Buildings$67,247$59,715$126,962
Equipment$3,381$5,841$9,222
Investment Program Related Org$7,900,000--
Other Assets Org$41,945--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon FrederickExecutive DirectorFT$140,923$8,829$149,752
Aaron RemolaProject ManagerFT$102,304$4,879$107,183

Board Members and Trustees

NameTitle
Daniel AbramsonPresident
Robert BurnsVice President
Joseph OuelletteMember
Joseph ResendeMember
Lindsey VickMember
Megan GlasheenMember
Michael CaisonMember
John CorradoSecretary
Catherine PharisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$327,580
Program Service Revenue
$816,486
Investment Income
$5,356
Other Revenue
$0
All Other Contributions
$4,830
Change in Net Assets
$-350,870

Audited Revenue Reconciliation

Revenue per Audited Statements
$989,697
Revenue Not Reported on Financial Statements
$159,725
Revenue Not Reported on Form 990
$2,383,197
Other Revenue Adjustments
$159,725
Total Revenue per Audited Statements
$3,372,894
Total Revenue per Form 990
$1,149,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$929,603
Salaries, Compensation, and Employee Benefits$558,789
Grants and Similar Amounts Paid$11,900
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$562,946--$562,946
Other Salaries and Wages$240,291$113,708-$353,999
Current Officers, Directors, Trustees, and Key Employees$74,876$74,876-$149,752
Depreciation Depletion$133,602--$133,602
Office Expenses$25,251$59,075-$84,326
Interest-$41,600-$41,600
Payroll Taxes$4,837$31,782-$36,619
Fees for Services Management$29,124--$29,124
Fees for Services Accounting$5,110$16,000-$21,110
Other Employee Benefits$11,357$7,062-$18,419
Grants to Domestic Orgs$11,900--$11,900
Fees for Services Other$7,994--$7,994
Travel-$3,850-$3,850
All Other Expenses$1,351$2,044-$3,395
Advertising$558$2,551-$3,109
Other Expenses$2,126$4,122-$2,126
Insurance-$2,075-$2,075
Fees for Services Legal$858$350-$1,208
Total Functional Expenses$1,116,048$384,244$0$1,500,292

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,694,090
Expenses Not Reported on Form 990$3,446,029
Total Expenses per Form 990$1,500,292
Expenses per Audited Statements$1,248,061
Expenses Not Reported on Financial Statements$252,231
Other Expense Adjustments$252,231
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Housing AllianceRichmond, VA501(c)(3)To Provide Funding for an Intern in the Urban Alliance Program.$8,000
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
Due To/from$75,000
Rpo Replacement Reserve$2,950
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Ahdc acquisition i, llc is managed by residential one, llc, an unrelated party, pursuant to the terms of a management agreement dated june 27, 2011. The agreement is for one year and will remain in effect on a month-to-month basis unless terminated pursuant to the agreement. The fee is computed at 4.5% of rental collections, as defined. For the year ended december 31, 2017, property management fees of $29,124 were incurred and paid. Ahdc rpo unit #1, llc is managed by equity management ii, llc, an unrelated party, pursuant to the terms of a management agreement dated january 1, 2012. The agreement is for one year and will remain in effect on a month-to-month basis unless terminated pursuant to the agreement. The fee is $80 per month and is payable quarterly. For the year ended december 31, 2017, property management fees of $960 were incurred and paid.”

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

“The draft is reviewed by the executive director, treasurer and the accountants. The draft is compared to the prior years return and the financial statements. The executive director or the treasurer gives the approval for the final version of the form 990 to be created.”

Form 990, Part VI, Section B, Line 12C

“The organization's conflict of interest policy requires that each director, principal officer and member of board of directors or appropriate committee with delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy, and d. Understands that alexandria housing development corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours or upon request.”

Filing and Contact Details

Filer

Filer Name
Alexandria Housing Development
EIN
84-1650039
Phone
7037397775
Address
801 NORTH PITT STREET NO 116, ALEXANDRIA, VA 22314

Signing Officer

Name
Daniel Abramson
Title
President
Phone
7037397775
Signed
2018-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Abramson
Formed
2004
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
9

Preparer

Firm
Hertzbach & Company Pa
Address
800 RED BROOK BLVD SUITE 300, OWINGS MILLS, MD 21117
Preparer
Jeffrey M Kleeman
Phone
4103633200
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:

“Utilities $121,266 mortgage interest 282,150 repairs & maintenance 85,736 property insurance 22,944 real estate taxes 50,850 total occupancy expense $562,946”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“The amount of $24,999 on the accompanying balance sheet represents funds deposited in a savings account with a balance which should be at least equal to the tenants' security deposits. Virginia rent escrow law requires the corporation to maintain a separate account for deposits paid by the tenants, and to credit the deposits annually with interest at 1% below the current federal rate. Tenant security deposits are held in a federally insured bank.”

PART X, LINE 2:

“The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code, except for unrelated business income as defined in the code. The corporation did not have any unrelated business income during the years ended december 31, 2017 and 2016. Accordingly, no provision for income taxes has been included in the accompanying consolidated financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Elimination of affiliates' revenues 2,383,197.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Elimination of intercompany transactions 159,725.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Elimination of affiliates' expenses 3,446,029.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Elimination of intercompany transactions 252,231.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PROJECT MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0322750
IRS990/GrantAmt011900
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt011900
IRS990/GrantsToDomesticOrgsGrp/TotalAmt011900
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01149422
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02075
IRS990/InsuranceGrp/TotalAmt02075
IRS990/InterestGrp/ManagementAndGeneralAmt041600
IRS990/InterestGrp/TotalAmt041600
IRS990/InvestmentIncomeGrp/ExclusionAmt05356
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05356
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt07900000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt07900000
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0857520
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010598619
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010465017
IRS990/LandBldgEquipCostOrOtherBssAmt011322537
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PRODUCE AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012797269
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013537639
IRS990/NetAssetsOrFundBalancesBOYAmt09365446
IRS990/NetAssetsOrFundBalancesEOYAmt09014576
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0562946
IRS990/OccupancyGrp/TotalAmt0562946
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt059075
IRS990/OfficeExpensesGrp/ProgramServicesAmt025251
IRS990/OfficeExpensesGrp/TotalAmt084326
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03866842
IRS990/OtherAssetsTotalGrp/EOYAmt05590008
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07062
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011357
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018419
IRS990/OtherExpensesGrp/Desc0RENT
IRS990/OtherExpensesGrp/Desc1TAXES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022804
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12345
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24122
IRS990/OtherExpensesGrp/ProgramServicesAmt03867
IRS990/OtherExpensesGrp/ProgramServicesAmt12126
IRS990/OtherExpensesGrp/TotalAmt022804
IRS990/OtherExpensesGrp/TotalAmt16212
IRS990/OtherExpensesGrp/TotalAmt24122
IRS990/OtherExpensesGrp/TotalAmt32126
IRS990/OtherLiabilitiesGrp/BOYAmt09948
IRS990/OtherLiabilitiesGrp/EOYAmt077950
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0113708
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0240291
IRS990/OtherSalariesAndWagesGrp/TotalAmt0353999
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031782
IRS990/PayrollTaxesGrp/ProgramServicesAmt04837
IRS990/PayrollTaxesGrp/TotalAmt036619
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0332455
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0332655
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06462
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06306
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07306
IRS990/PrincipalOfficerNm0DANIEL ABRAMSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM INTEREST INCOM
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4PARTNERSHIP MGMT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0626722
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1154826
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220731
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38347
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0626722
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1154826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44900
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION OWNS AND OPERATES A MULTIFAMILY HOUSING PROPERTY IN COOPERATION WITH THE CITY OF ALEXANDRIA. AHDC AS SOLE MEMBER AND DEVELOPER FOR ACQUISITION 1, LLC, HAS WORKED TO EVALUATE AND PURSUE REFINANCING OPTIONS FOR THESE PROPERTIES TO REMAIN AFFORDABLE AS LOW AND VERY LOW INCOME RENTAL UNITS FOR THE NEXT 40 YEARS. HUD HAS APPROVED THE CONCEPT POSED BY AHDC TO REFINANCE THE CURRENT 1ST TRUST FOR 40 YEARS. THE ORGANIZATION INTENDS TO SELL THE REMAINING PROPERTY IN JUNE 2018.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0827073
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0650794
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION HAS ACQUIRED A RESIDENTIAL UNIT FOR THE PURPOSE OF PROVIDING RENTAL HOUSING, AT NO COST, TO A RETIRED CITY OF ALEXANDRIA POLICE OFFICER.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0960
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0276356
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06250
IRS990/PYInvestmentIncomeAmt04551
IRS990/PYOtherExpensesAmt0976659
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0824582
IRS990/PYRevenuesLessExpensesAmt0-260592
IRS990/PYSalariesCompEmpBnftPaidAmt0383172
IRS990/PYTotalExpensesAmt01366081
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01105489
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-350870
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0164732
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01187336
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0543567
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0327580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0276356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0256606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0274397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0350884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01485823
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0830
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014562
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07795666
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99030
IRS990ScheduleA/PublicSupportPY170Pct00.99350
IRS990ScheduleA/PublicSupportTotal170Amt01485823
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0327580
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0276356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0256606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0274397
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0350884
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01485823
IRS990ScheduleA/TotalSupportAmt01500385
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04403576
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0791964
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05195540
IRS990ScheduleD/EquipmentGrp/BookValueAmt03381
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05841
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09222
IRS990ScheduleD/ExpensesNotReportedAmt03446029
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0252231
IRS990ScheduleD/ExpensesSubtotalAmt01248061
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07900000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LOAN RECEIVABLE - APSLP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt05990813
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05990813
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02113765
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124999
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22559837
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3849462
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt441945
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPER FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREDEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LOAN INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ESCROWS AND RESERVES
IRS990ScheduleD/OtherExpensesIncludedAmt03446029
IRS990ScheduleD/OtherExpensesNotIncludedAmt0252231
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt067247
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059715
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt175000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RPO REPLACEMENT RESERVE

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,720,487
Liabilities
$15,705,911
Net assets
$9,014,576
Revenue
$1,149,422
Expenses
$1,500,292
Net income
-$350,870
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$229$238$8.73$16.6$20.3$3.77
2023Detailed filing. Detailed filing data is available for this year.$212$217$4.96$14.1$19.1$5.00
2022Detailed filing. Detailed filing data is available for this year.$187$187$0.02$12.3$17.5$5.20
2021Detailed filing. Detailed filing data is available for this year.$130$124$5.22$8.69$13.5$4.78
2020Detailed filing. Detailed filing data is available for this year.$130$120$10.00$10.1$13.1$3.04
2019Detailed filing. Detailed filing data is available for this year.$22.0$8.93$13.0$3.61$1.41$2.19
2018Detailed filing. Detailed filing data is available for this year.$13.6$2.89$10.7$4.50$2.84$1.66
2017Detailed filing. Detailed filing data is available for this year.$24.7$15.7$9.01$1.15$1.50$0.35
2016Detailed filing. Detailed filing data is available for this year.$23.6$14.3$9.37$1.11$1.37$0.26
2015Detailed filing. Detailed filing data is available for this year.$23.4$13.7$9.63$1.05$1.17$0.11
2014Detailed filing. Detailed filing data is available for this year.$23.6$13.9$9.74$3.89$1.94$1.95
2013Detailed filing. Detailed filing data is available for this year.$34.7$26.9$7.79$2.10$2.27$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.4$26.5$7.95$1.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$26.2$7.90$1.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$2.33$8.30$0.24