Nonprofit · EIN 20-2563055
FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
Tax-exempt · ATLANTA, GA 30339
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $64,110,359 | $92,733,499 | -$28,623,140 | $779,582,325 | $331,973,611 | $447,608,714 |
| December 31, 2023 | 990 | $569,587,470 | $135,307,439 | $434,280,031 | $702,135,903 | $225,904,413 | $476,231,490 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $337,500
- Program service revenue
- $44,944,180
- Investment income
- $22,876,084
- Net gain from sales of assets
- $917,521
- Other revenue
- -$4,047,405
Expenses
- Grants and similar amounts paid
- $39,150,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $800,590
- Accounting fees
- $936,123
- Travel
- $135,063
- Depreciation
- $13,935,169
- Program services (functional)
- $92,733,499
Balance sheet and other
- Total assets, start of year
- $702,135,903
- Total assets, end of year
- $779,582,325
- Total liabilities, end of year
- $331,973,611
- Net assets, end of year
- $447,608,714
- Land, buildings and equipment
- $441,650,268
- Gross unrelated business income
- -$4,037,132
- Gross receipts
- $64,983,481
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- DE
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 |
|---|---|---|---|
| JOSEPH E THOMAS III | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN ROSENBERG | DIRECTOR Trustee or director | 1 | $0 |
| TERENCE SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH SALVATI | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE BOLICK | DIRECTOR Trustee or director | 1 | $0 |
| CORA REYES EFFECTIVE 5125 | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN ROSENBERG | DIRECTOR Trustee or director | 1 | $0 |
| JAMES O'CONNELL | PRESIDENT Officer | 1 | $0 |
| ALLISON BERMAN | VICE PRESIDENT & SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH E THOMAS III | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN ROSENBERG | DIRECTOR Trustee or director | 1 | $0 |
| LISA LIFSHITZ | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH ROGOZINSKI | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM POSEY | DIRECTOR Trustee or director | 1 | $0 |
| TERENCE SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH SALVATI | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE BOLICK EFFECTIVE 61024 | DIRECTOR Trustee or director | 1 | $0 |
| JAMES O'CONNELL | PRESIDENT Officer | 1 | $0 |
| CURTIS POLLOCK | VICE PRESIDENT Officer | 1 | $0 |
| ALLISON BERMAN | VICE PRESIDENT & SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3330 CUMBERLAND BLVD SE STE 1000, ATLANTA, GA 30339-5999
- In care of
- % JOSEPH THOMAS
- Principal officer (990 for 2024)
- JAMES O'CONNELL, 152 W 57TH STREET, NEW YORK, NY 10019
- Signed the 990
- JAMES O'CONNELL, PRESIDENT
- Phone
- (770) 433-1711
- Return prepared by
- HLB GROSS COLLINS PC
Mission
TO PROVIDE LOW INCOME HOUSING.
Program accomplishments
- BEECHWOOD AT THE PRESERVE APARTMENTS, LOCATED AT 3080 WEST 8TH STREET, WAUKEGAN, IL 60085, HAS 166 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $2,416,487 · revenue $1,859,511
- THE LANDMARK OF WEST ALLIS, LOCATED AT 1441 SOUTH 68TH STREET, WEST ALLIS, WI 53214, HAS 127 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $2,362,808 · revenue $1,810,255
- CAMPANION AT BRIDLE RIDGE APARTMENTS, LOCATED AT 310 CHANDLER ROAD, GREER, SC 29651, HAS 152 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $2,244,242 · revenue $1,780,681
- TO PROVIDE LOW-INCOME HOUSING.Expenses $63,044,740 · grants $39,150,000 · revenue $20,427,607
- ASBURY PLACE OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $889,329 · revenue $618,075
- BEACON BAY OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $895,525 · revenue $811,937
- BLUESTONE OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $314,466 · revenue $401,970
- BLUFFVIEW VILLAS OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $887,653 · revenue $736,595
- BRENHAM OAKS OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,090,888 · revenue $763,464
- CANAL PLACE OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $259,565 · revenue $295,837
- CEDAR DRIVE OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $162,588 · revenue $211,916
- CENTRAL PLACE OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $335,834 · revenue $304,488
- CREEK CROSSING OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $799,379 · revenue $693,767
- CREEKSTONE RANCH OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $2,427,757 · revenue $1,756,645
- EL DORADO OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $356,257 · revenue $464,646
- GATEWAY OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,227,647 · revenue $1,101,759
- GLENWOOD OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,340,400 · revenue $1,532,861
- HIGHLAND GARDENS OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $379,033 · revenue $464,889
- HIGHLAND OAKS HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $983,100 · revenue $849,165
- HUBBARD OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $68,835 · revenue $107,143
- LAKE JACKSON OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,271,009 · revenue $1,052,081
- MARIPOSA GARDENS OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $670,899 · revenue $604,106
- MISSION OAKS OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $366,147 · revenue $265,681
- OAK TREE OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $161,208 · revenue $208,015
- PLUM CREEK OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,913,012 · revenue $2,045,151
- SADDLE CREEK OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,660,170 · revenue $1,311,021
- SANDIA CROSSING OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $472,565 · revenue $377,127
- TIERRA BLANCA OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $775,011 · revenue $697,731
- WESTVIEW RANCH OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,068,607 · revenue $734,183
- WINDING WAY OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $498,986 · revenue $364,028
- WINDSTAR OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $212,548 · revenue $333,568
- WOODVIEW OTM HARMONY LP HAS MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.Expenses $1,176,804 · revenue $875,803
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
- 20-2563055
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $779,582,325
- Income (IRS master file)
- $64,983,481
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $64,110,359 | $92,733,499 | $779,582,325 | XML |
| 990 | December 2023 | $569,587,470 | $135,307,439 | $702,135,903 | XML |
| 990 | December 2022 | $113,440,418 | $163,878,993 | $1,089,223,731 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 20-2563055).
Questions about FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
- What is the EIN of FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC?
- The employer identification number (EIN) of FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC is 20-2563055.
- Is FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS 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 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS 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 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS 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 FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC?
- The 990 for the year ended December 31, 2024 names JAMES O'CONNELL.
- Who are the officers and directors of FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $64,110,359, expenses of $92,733,499 and total assets of $779,582,325 at year end.
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