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Nonprofit · EIN 31-1682049

AFFORDABLE HOUSING ACCESS INC

Tax-exempt · NEWPORT BEACH, CA 92660

Financials

$14.9M$14.8M2023$17.5M$17.6M2024
Revenue Expenses · by fiscal year end
Financials of AFFORDABLE HOUSING ACCESS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$17,498,638$17,640,300-$141,662$111,083,332$63,154,822$47,928,510
December 31, 2023990$14,898,145$14,772,858$125,287$80,525,977$50,092,381$30,433,596
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,004,302
of which government grants
$932,032
Program service revenue
$5,488,015
Investment income
$398,210
Net rental income
$10,568,701
Net gain from sales of assets
-$576,460
Other revenue
$10,608,111

Expenses

Grants and similar amounts paid
$861,953
Compensation of officers, directors and key employees
$3,669,818
Other salaries and wages
$1,805,158
Salaries, compensation and benefits (total)
$6,408,031
Professional fundraising fees
$0
Legal fees
$25,795
Accounting fees
$170,900
Occupancy
$2,459,827
Depreciation
$1,697,140
Program services (functional)
$16,573,983
Management and general (functional)
$1,025,314
Fundraising (functional)
$41,003

Balance sheet and other

Total assets, start of year
$80,525,977
Total assets, end of year
$111,083,332
Total liabilities, end of year
$63,154,822
Net assets, end of year
$47,928,510
Land, buildings and equipment
$59,582,033
Publicly traded securities
$10,414,457
Net assets without donor restrictions
$47,928,510
Gross receipts
$42,147,909
Employees
15
Volunteers
5
Year formed
1999
State of legal domicile
CA

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.

NameTitleHours / weekCompensationOther / benefits
WILLIAM W HIRSCHCHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$758,546$43,350
VASILIOS SALAMANDRAKISPRESIDENT
Officer
40$583,177$169,188
SHAWN R BOYDCHIEF INVESTMENT OFFICER/EXEC. VP
Officer
40$508,427$197,962
HILDA L JUSUFCHIEF FINANCIAL OFFICER
Officer
40$471,291$119,963
SCOTT S STEPHENSVICE PRESIDENT, ASSET MANAGEMENT
Officer
40$332,024$220,747
JONATHAN B WEBBDIRECTOR/CHIEF PHILANTHROPY OFFICER
Trustee or director, Officer
40$232,762$32,381
DESIREE BOLLERASSET MANAGER
Highest-paid employee
40$122,212$102,865
HAYDEE LEOWARDYASSET MANAGER
Highest-paid employee
40$163,445$57,644
INEKE K ANDERSONCONTROLLER
Highest-paid employee
40$132,406$78,755
JESSICA S MARTINIACCOUNTING MANAGER & ASSISTANT SEC.
Highest-paid employee
40$143,743$41,335
MARK A DEMKIWASSET MANAGER
Highest-paid employee
40$139,734$37,242
KRISTIN B BYRNESDIRECTOR
Trustee or director
1$0$0
MICHAEL J GOODMANDIRECTOR
Trustee or director
1$0$0
MATTHEW B KAUFMANDIRECTOR
Trustee or director
1$0$0
JAMES A MICKLEDIRECTOR
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
EILEEN E PADBERGDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM W HIRSCHDIRECTOR/CHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$729,371$44,080
VASILIOS SALAMANDRAKISPRESIDENT
Officer
40$527,357$121,534
SHAWN R BOYDCHIEF INVESTMENT OFFICER/EXEC. VP
Officer
40$485,549$146,034
HILDA L JUSUFCHIEF FINANCIAL OFFICER/SECRETARY
Officer
40$445,832$122,629
SCOTT S STEPHENSVICE PRESIDENT, ASSET MANAGEMENT
Officer
40$237,188$109,888
JONATHAN B WEBBDIRECTOR/CHIEF PHILANTHROPY OFFICER
Trustee or director, Officer
40$223,810$29,873
HAYDEE LEOWARDYASSET MANAGER
Highest-paid employee
40$153,720$49,014
INEKE K ANDERSONCONTROLLER
Highest-paid employee
40$117,180$71,452
DESIREE D BOLLERASSET MANAGER
Highest-paid employee
40$106,470$79,818
MARK A DEMKIWASSET MANAGER
Highest-paid employee
40$132,000$29,549
JESSICA S MARTINIACCOUNTING/OFFICE MANAGER
Highest-paid employee
40$122,850$35,522
KRISTIN B BYRNESDIRECTOR
Trustee or director
1$0$0
MICHAEL J GOODMANDIRECTOR
Trustee or director
1$0$0
MATTHEW B KAUFMANDIRECTOR
Trustee or director
1$0$0
JAMES A MICKLEDIRECTOR
Trustee or director
1$0$0
EILEEN E PADBERGDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
3920 BIRCH ST STE 103, NEWPORT BEACH, CA 92660-2250
Principal officer (990 for 2024)
VASILIOS SALAMANDRAKIS, 3920 BIRCH STREET 103, NEWPORT BEACH, CA 92660
Signed the 990
VASILIOS SALAMANDRAKIS, PRESIDENT
Phone
(949) 253-3120
Return prepared by
BAKER TILLY ADVISORY GROUP LP

California records

California keeps its own records of charities and corporations. Search them by EIN 31-1682049 or by the name AFFORDABLE HOUSING ACCESS INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO ALLEVIATE THE CRITICAL SHORTAGE OF AFFORDABLE HOUSING OPPORTUNITIES FOR LOW MODERATE INCOME, HANDICAPPED AND ELDERLY PERSONS. TO ACCOMPLISH THIS GOAL, THE ORGANIZATION ORGANIZES PARTNERSHIPS THAT CONSTRUCT, ACQUIRE, REHABILITATE AND PRESERVE AFFORDABLE MULTI-FAMILY HOUSING.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND SERVES AS AN OWNER OR GENERAL PARTNER OF LIMITED PARTNERSHIPS OR JOINT VENTURES THAT OWN AFFORDABLE HOUSING FOR THE BENEFIT OF LOW-INCOME PERSONS. THEY ALSO PROVIDE SOCIAL SERVICE OUTREACH VENTURES AIMED AT EMPOWERING BOTH LOW-INCOME INDIVIDUALS AND THEIR COMMUNITIES. AS AN INDICATION OF ITS SUCCESS, THE ORGANIZATION HAS OWNERSHIP OR BENEFICIAL INTERESTS IN 21,027 DWELLING UNITS IN 191 SEPARATE HOUSING COMMUNITIES THROUGHOUT CALIFORNIA, ARIZONA, FLORIDA, MARYLAND, OHIO, OREGON, TEXAS, AND WASHINGTON.
    Expenses $16,573,983 · grants $861,953 · revenue $16,056,716

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1682049
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
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$111,083,332
Income (IRS master file)
$42,147,909

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$17,498,638$17,640,300$111,083,332XML
990December 2023$14,898,145$14,772,858$80,525,977XML
990December 2022$12,245,141$11,669,374$80,590,550IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 31-1682049).

Questions about AFFORDABLE HOUSING ACCESS INC

What is the EIN of AFFORDABLE HOUSING ACCESS INC?
The employer identification number (EIN) of AFFORDABLE HOUSING ACCESS INC is 31-1682049.
Is AFFORDABLE HOUSING ACCESS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to AFFORDABLE HOUSING ACCESS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AFFORDABLE HOUSING ACCESS 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 AFFORDABLE HOUSING ACCESS 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 AFFORDABLE HOUSING ACCESS 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 AFFORDABLE HOUSING ACCESS INC?
The 990 for the year ended December 31, 2024 names VASILIOS SALAMANDRAKIS.
Who are the officers and directors of AFFORDABLE HOUSING ACCESS INC?
The 990 for the year ended December 31, 2024 lists 16 people; 11 received compensation from the organization, the highest $758,546 (WILLIAM W HIRSCH, CHIEF EXECUTIVE OFFICER).
How much revenue does AFFORDABLE HOUSING ACCESS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $17,498,638, expenses of $17,640,300 and total assets of $111,083,332 at year end.

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