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Nonprofit · EIN 33-0327936

FOUNDATION FOR AFFORDABLE HOUSING INC

Tax-exempt · BEND, OR 97703

Financials

$5.4M$8.9M2023$31.6M$21.5M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR AFFORDABLE HOUSING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$31,586,333$21,539,954$10,046,379$72,092,721$49,565,855$22,526,866
December 31, 2023990$5,442,678$8,856,891-$3,414,213$105,714,129$93,396,694$12,317,435
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,548,250
of which government grants
$2,548,250
Program service revenue
$17,043,384
Investment income
$11,994,699
Net gain from sales of assets
$11,589,528
Other revenue
$0

Expenses

Grants and similar amounts paid
$66,443
Other salaries and wages
$674,587
Salaries, compensation and benefits (total)
$850,898
Professional fundraising fees
$0
Legal fees
$36,891
Accounting fees
$62,900
Occupancy
$3,623,662
Travel
$70,019
Depreciation
$3,306,330
Program services (functional)
$16,791,659
Management and general (functional)
$4,748,295

Balance sheet and other

Total assets, start of year
$105,714,129
Total assets, end of year
$72,092,721
Total liabilities, end of year
$49,565,855
Net assets, end of year
$22,526,866
Land, buildings and equipment
$46,820,503
Gross receipts
$132,051,204
Employees
0
Volunteers
0
Year formed
1988
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 / weekCompensationFrom related orgsOther / benefits
DARRIN WILLARDPRESIDENT
Trustee or director, Officer
1$0$854,990$77,652
TARUN CHANDRANVICE PRESIDENT AND SECRETA
Officer
1$0$633,712$68,547
MELISSA VINCENTVICE PRESIDENT AND TREASUR
Officer
1$0$431,919$67,456
MIKE RISTOWDIRECTOR
Trustee or director
1$0$27,000$0
SHIGE ITOHDIRECTOR
Trustee or director
1$0$0$0
MICHAEL BROWNDIRECTOR
Trustee or director
1$0$0$0
ASHLEY BROWNDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DARRIN WILLARDPRESIDENT
Trustee or director, Officer
2$280,989$547,324$75,064
TARUN CHANDRANVICE PRESIDENT AND SECRETARY (NOT A DIRECTOR)
Officer
1$0$607,540$53,378
MELISSA VINCENTVICE PRESIDENT AND TREASURER (NOT A DIRECTOR)
Officer
1$0$411,931$50,179
THOMAS WILLARDDIRECTOR
Trustee or director
4$0$370,686$73,692
MEI LUUVICE PRESIDENT AND ASSISTANT SECRETARY (NOT A DIRE
Officer
1$0$211,237$41,016
MIKE RISTOWDIRECTOR
Trustee or director
1$0$26,400$0
SHIGE ITOHDIRECTOR
Trustee or director
1$0$0$0
MICHAEL BROWNDIRECTOR
Trustee or director
1$0$0$0
TIM HOSEDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
69 NW NEWPORT AVE STE 200, BEND, OR 97703-2286
Principal officer (990 for 2024)
TARUN CHANDRAN, 69 NW NEWPORT AVE 200, BEND, OR 97703
Signed the 990
TARUN CHANDRAN, VICE PRESIDENT
Phone
(949) 443-9101
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

Mission

OUR PURPOSE IS TO CREATE SAFE, COMFORTABLE, HIGH-QUALITY HOMES THAT UPLIFT THE LIVES OF OUR RESIDENTS AND ENHANCE THE SURROUNDING NEIGHBORHOODS. WE FOCUS ON THE FINANCIAL AND ENVIRONMENTAL SUSTAINABILITY OF EACH OF OUR RESIDENTIAL COMMUNITIES, ALLOWING US TO BUILD COMFORTABLE, AFFORDABLE HOMES FOR THOSE WHO NEED THEM MOST.

990 for the year ended December 31, 2024

Program accomplishments

  • HOUSING - PROVIDED 1,399 UNITS OF SAFE AND AFFORDABLE HOUSING FOR LOW INCOME SENIOR CITIZENS.
    Expenses $16,791,659 · grants $66,443 · revenue $28,632,912

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
33-0327936
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$72,092,721
Income (IRS master file)
$132,051,204

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$31,586,333$21,539,954$72,092,721IRS
990December 2023$5,442,678$8,856,891$105,714,129XML
990December 2022$17,799,615$21,966,336$35,963,703IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 33-0327936).

Questions about FOUNDATION FOR AFFORDABLE HOUSING INC

What is the EIN of FOUNDATION FOR AFFORDABLE HOUSING INC?
The employer identification number (EIN) of FOUNDATION FOR AFFORDABLE HOUSING INC is 33-0327936.
Is FOUNDATION FOR AFFORDABLE HOUSING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to FOUNDATION FOR AFFORDABLE HOUSING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR AFFORDABLE HOUSING 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 HOUSING 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 HOUSING 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 HOUSING INC?
The 990 for the year ended December 31, 2024 names TARUN CHANDRAN.
Who are the officers and directors of FOUNDATION FOR AFFORDABLE HOUSING INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does FOUNDATION FOR AFFORDABLE HOUSING INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $31,586,333, expenses of $21,539,954 and total assets of $72,092,721 at year end.

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