2026-09-10T08:13:53-05:00 2025-12-31 621199757 LBMC PC PO BOX 1869 BRENTWOOD TN 370241869 990 2025-01-01 581857324 AFFORDABLE HOUSING RESOURCES INC AFFO 6152510025 1 VANTAGE WAY C-130 NASHVILLE TN 37228 EDDIE LATIMER CEO 6152510025 2026-09-08 1 JULIE DUNKIN P00742923 6153774600 2026-09-08 2025 X EDDIE LATIMER 1 VANTAGE WAY C-130 NASHVILLE TN 37228 9405023 0 X WWW.AHRHOUSING.ORG X 1988 TN AFFORDABLE HOUSING RESOURCES, INC. (AHR) IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO CREATE AFFORDABLE HOUSING AND STRONG NEIGHBORHOODS. FOR OVER 20 YEARS, AHR HAS BEEN LAYING A FOUNDATION FOR SUCCESSFUL HOME OWNERSHIP FOR MIDDLE TENNESSEE'S WORKFORCE. AHR IS COMMITTED TO PROVIDING HOME OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES, WHICH ENABLES THESE FAMILIES TO BECOME SUCCESSFUL HOMEOWNERS OVER THE LONG TERM.AHR HAS DEVELOPED AND SOLD OVER 1,500 SINGLE FAMILY HOMES AND ASSISTED OVER 15,000 PEOPLE IN BUYING THEIR FIRST HOME THROUGH ITS 3 MAIN PROGRAMS: 1. HOME BUYER EDUCATION AND FINANCIAL LITERACY PROGRAMS 2. SINGLE FAMILY HOUSING DEVELOPMENT 3. MORTGAGE LENDING PROGRAMS 13 13 13 13 0 0 5506736 7275080 952771 554629 1149705 550567 0 1174 7609212 8381450 0 0 0 0 1033038 1170996 0 0 0 4622653 4589208 5655691 5760204 1953521 2621246 29939155 36684649 16569771 20694019 13369384 15990630 X AFFORDABLE HOUSING RESOURCES, INC. (AHR) IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO CREATE AFFORDABLE HOUSING AND STRONG NEIGHBORHOODS. FOR OVER 20 YEARS, AHR HAS BEEN LAYING A FOUNDATION FOR SUCCESSFUL HOME OWNERSHIP FOR MIDDLE TENNESSEE'S WORKFORCE. AHR IS COMMITTED TO PROVIDING HOME OWNERSHIP OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES, WHICH ENABLES THESE FAMILIES TO BECOME SUCCESSFUL HOMEOWNERS OVER THE LONG TERM. 0 0 3971935 DISASTER RELIEF PROGRAM: AHR ACQUIRES FUNDING TO ASSIST IN THE PREVENTION OF FORCLOSURE AND RENTAL EVICTIONS OF LOW INCOME FAMILIES. 777896 328255 LENDING - INTEREST ON LOANS SERVICED BY PINNACLE BANK ON BEHALF OF AHR. 445888 478226 SINGLE FAMILY DEVELOPMENT - AHR PROVIDES HOUSING TO LOW INCOME FAMILIES THROUGH CONSTRUCTION, SALES, REHAB, AND RENTAL OF HOMES. 187025 73585 HOMEBUYER EDUCATION - AHR OFFERED PRE-PURCHASE HOME BUYER EDUCATION PROGRAMS THROUGH PARTNERSHIPS WITH THE TENNESSEE HOUSING DEVELOPMENT AGENCY AND NEIGHBORWORKS AMERICA TO CREATE SUCCESSFUL HOMEBUYERS. 187025 73585 5382744 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 142 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 TN X X JENNIE NUNNERY 6152510025 1 VANTAGE WAY STE C-130 NASHVILLE TN 37228 EDDIE LATIMER CEO 40.00 X X 195831 0 8919 DAN EATON DIRECTOR OF HOUSING DEVELOPMENT 40.00 X 134512 0 4878 CYNTHIA PERAZA COO 40.00 X X 127247 0 3294 JOHN A BEAM III SECRETARY & CHAIR GOVERNANCE 2.00 X X 0 0 0 W PERRY BLANDFORD BOARD CHAIR 2.00 X X 0 0 0 R DALE MITCHELL TREASURER 1.00 X X 0 0 0 DAVID CRANE DIRECTOR 1.00 X 0 0 0 JAQUELINE PAUL SIMS DIRECTOR 1.00 X 0 0 0 ALETA YOUNG DIRECTOR 1.00 X 0 0 0 PAUL HOFFMAN DIRECTOR 1.00 X 0 0 0 JIM RIENIETS DIRECTOR 1.00 X 0 0 0 PAIGE O'DELL DIRECTOR 1.00 X 0 0 0 ROSEMARY NABAWEESI DIRECTOR 1.00 X 0 0 0 JAMEL CAMBELL-GOOCH DIRECTOR 1.00 X 0 0 0 MARK G CALVERT DIRECTOR 1.00 X 0 0 0 ANTON JACKSON DIRECTOR 1.00 X 0 0 0 457590 0 17091 3 0 1 0 0 3808875 3466205 7275080 LOAN INTEREST 522291 282074 282074 COUNSELING & MORTGAGE 522291 118592 118592 DEVELOPER FEES 531390 100000 100000 RENTAL INCOME PROGRAM 531390 53963 53963 554629 226304 226304 1347836 1023573 324263 324263 324263 CANCELLATION OF DEBT 541900 1174 1174 1174 8381450 880066 0 226304 474681 382593 92088 538615 434124 104491 20104 16204 3900 64620 52084 12536 72976 58819 14157 142838 120125 22713 39519 26873 12646 113061 89319 23742 190873 136453 54420 12768 11158 1610 254784 254784 36578 34649 1929 49232 42714 6518 COVID RELIEF EXPENSE AN 3456303 3456303 BAD DEBT EXPENSE 86571 86571 REPAIRS & MAINTENANCE 71562 64337 7225 CONTRACT LABOR 66409 55242 11167 68710 60392 8318 5760204 5382744 377460 0 7982554 9423368 1394295 48085 17818068 18642303 2002987 7224767 11728 41460 971001 182428 611422 788573 52457 56979 65644 459114 29939155 36684649 291490 616819 16214767 19573287 63514 503913 16569771 20694019 X 13369384 15990630 13369384 15990630 29939155 36684649 2621246 0 X X 0 1 X 1 0 X 3211226 2254318 3638868 5506736 7275080 21886228 726542 1347079 1452363 1248905 782107 5556996 3937768 3601397 5091231 6755641 8057187 27443224 0 0 0 27443224 4 4 4 4 3937772 3601397 5091231 6755641 8057187 27443228 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160000 160000 488340 81295 407045 200956 21611 179345 80988 61162 19826 40717 18360 22357 788573 OPERATING LEASE OBLIGATION 503913 503913 X 8381450 0 8381450 0 8381450 5760204 0 5760204 0 5760204 PART X, LINE 2: THE AGENCY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2025, THE AGENCY HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE AGENCY'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE AGENCY FILES A U.S. FEDERAL INFORMATION TAX RETURN. THE AGENCY IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE FOR THE YEARS SUBSEQUENT TO DECEMBER 31, 2022. X 0 0 0 0 0 0 0 0 0 EDDIE LATIMER CEO 162161 0 22750 0 10920 0 0 0 8919 0 204750 0 0 0 FRANK LATIMER BROTHER OF CEO EDDIE LATIMER 78450 SALARY FROM ORGANIZATION. SUPERVISED BY DIRECTOR OF LENDING. 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WILL BE SENT TO THE FINANCE COMMITTEE, THEN DISCUSSED AND VOTED ON BY THE FINANCE COMMITTEE (REVISIONS WILL BE DISCUSSED AT THIS TIME), A RECOMMENDATION TO APPROVE IT WILL BE MADE BY THE FINANCE COMMITTEE TO THE BOARD AND THE BOARD WILL VOTE TO APPROVE IT. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR IN MARCH, EACH BOARD MEMBER RE-READS AND RE-SIGNS THE CONFLICT OF INTEREST FORM FORM 990, PART VI, SECTION B, LINE 15A THERE IS AN ANNUAL REVIEW OF THE STAFF BY THE CEO. THE CEO IS REVIEWED BY THE BOARD OF DIRECTORS GOVERNANCE COMMITTEE AND THEN BY NEIGHBORWORKS AMERICA. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AND ON OTHER'S WEBSITES 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. RESOURCE FOUNDATION 11890 BOYLAN AVE BATON ROUGE LA 70809 581786925 PROVIDING HOUSING OPPORTUNITIES AND RENTAL TN 501(C)(3) LINE 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0