Nonprofit · EIN 20-1681285
FORT WORTH AFFORDABILITY INC
Tax-exempt · FORT WORTH, TX 76102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,307,700 | $18,217 | $1,289,483 | $25,705,159 | $8,069,071 | $17,636,088 |
| December 31, 2023 | 990 | $914,499 | $85 | $914,414 | $26,805,034 | $10,381,960 | $16,423,074 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,024,040
- Investment income
- $283,660
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $165
- Accounting fees
- $6,680
- Management and general (functional)
- $18,217
Balance sheet and other
- Total assets, start of year
- $26,805,034
- Total assets, end of year
- $25,705,159
- Total liabilities, end of year
- $8,069,071
- Net assets, end of year
- $17,636,088
- Land, buildings and equipment
- $1,979,046
- Net assets without donor restrictions
- $17,636,088
- Gross receipts
- $1,307,700
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2004
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARY-MARGARET LEMONS | PRESIDENT Officer | 0.5 | $0 | $400,321 | $66,776 |
| HECTOR ORDONEZ | VICE PRESIDENT OF FINANCE & ADMIN Officer | 0.5 | $0 | $227,615 | $31,144 |
| TERRI ATTAWAY | CHAIRPERSON Trustee or director | 0.5 | $0 | $0 | $0 |
| RICHARD STINSON | COMMISSIONER Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL RAMIREZ | COMMISSIONER Trustee or director | 0.5 | $0 | $0 | $0 |
| BRITTANY HALL | COMMISSIONER Trustee or director | 0.5 | $0 | $0 | $0 |
| CARLOS WALKER | COMMISSIONER Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARY-MARGARET LEMONS | PRESIDENT Officer | 0.5 | $0 | $312,751 | $43,875 |
| HECTOR ORDONEZ | VICE PRESIDENT-FINANCE ACCOUNTING Officer | 0.5 | $0 | $185,016 | $24,204 |
| TERRI ATTAWAY | CHAIRPERSON Trustee or director | 0.5 | $0 | $0 | $0 |
| RICHARD STINSON | VICE CHAIRPERSON Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL RAMIREZ | COMMISSIONER Trustee or director | 0.5 | $0 | $0 | $0 |
| BRITTANY HALL | COMMISSIONER Trustee or director | 0.5 | $0 | $0 | $0 |
| CARLOS WALKER | COMMISSIONER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1407 TEXAS ST, FORT WORTH, TX 76102-3427
- In care of
- % BARBARA HOLSTON
- Principal officer (990 for 2024)
- MARY-MARGARET LEMONS, 1407 TEXAS ST, FORT WORTH, TX 76102
- Signed the 990
- HECTOR ORDONEZ, VP OF FINANCE & ADMIN
- Phone
- (817) 877-8850
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SUPPORT FORT WORTH HOUSING SOLUTIONS' MISSION OF PROMOTING COMMUNITY WELFARE BY PROVIDING DECENT HOUSING THAT IS AFFORDABLE TO LOW INCOME FAMILIES IN THE CITY OF FORT WORTH AND COUNTY OF TARRANT, TEXAS, AND PROVIDING SUPPORT SERVICES TO THE RESIDENTS OF SUCH HOUSING.
Program accomplishments
- FORT WORTH AFFORDABILITY, INC. (FWAI) FINANCES THE DEVELOPMENT AND REHABILITATION OF SOME OF THE PROPERTIES UNDER THE FORT WORTH HOUSING SOLUTIONS' PORTFOLIO. FWAI ALSO SERVES AS OWNER OF SPRING GLEN APARTMENTS, WOODMONT GP, CARLYLE CROSSING, COBB PARK TOWNHOMES II, LP, AND POST OAK EAST APARTMENTS, LP.revenue $1,024,040
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1681285
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $25,705,159
- Income (IRS master file)
- $1,307,700
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,307,700 | $18,217 | $25,705,159 | XML |
| 990 | December 2023 | $914,499 | $85 | $26,805,034 | XML |
| 990 | December 2022 | $476,671 | $295,221 | $22,842,181 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1681285).
Questions about FORT WORTH AFFORDABILITY INC
- What is the EIN of FORT WORTH AFFORDABILITY INC?
- The employer identification number (EIN) of FORT WORTH AFFORDABILITY INC is 20-1681285.
- Is FORT WORTH AFFORDABILITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to FORT WORTH AFFORDABILITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FORT WORTH AFFORDABILITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORT WORTH AFFORDABILITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORT WORTH AFFORDABILITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FORT WORTH AFFORDABILITY INC?
- The 990 for the year ended December 31, 2024 names MARY-MARGARET LEMONS.
- Who are the officers and directors of FORT WORTH AFFORDABILITY INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does FORT WORTH AFFORDABILITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,307,700, expenses of $18,217 and total assets of $25,705,159 at year end.
Other nonprofits in FORT WORTH
- PRESBYTERIAN NIGHT SHELTER OF TARRANT COUNTY EIN 75-1985591 · last filed 990 for 2024
- FORT WORTH AREA HABITAT FOR HUMANITY INC EIN 75-2239189 · last filed 990 for 2025
- FORT WORTH COMMUNITY LAND TRUST EIN 93-2188178 · last filed 990 for 2024
- HOUSING CHANNEL EIN 75-2399903 · last filed 990 for 2025
- TARRANT COUNTY SAMARITAN HOUSING INC EIN 75-2401109 · last filed 990 for 2025
- THE DEVELOPMENT CORPORATION OF TARRANT COUNTY EIN 75-2791607 · last filed 990 for 2024
- NEW LEAF COMMUNITY SERVICES EIN 83-3772901 · last filed 990 for 2024
- WIND TERRACE INC EIN 26-1880043 · last filed 990 for 2024