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Nonprofit · EIN 54-1028220

ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC

Tax-exempt · CHARLOTTESVILLE, VA 22901

Financials

$3M$2M2022$2.6M$2.3M2023$2.3M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,323,516$2,117,346$206,170$7,988,172$214,887$7,773,285
June 30, 2024990$2,550,584$2,340,006$210,578$7,515,575$226,923$7,288,652
June 30, 2023990$2,998,331$1,965,142$1,033,189$7,067,130$193,220$6,873,910
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,074,714
of which government grants
$1,063,824
Program service revenue
$69,526
Investment income
$178,813
Net gain from sales of assets
$3,000
Other revenue
$463

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$181,835
Other salaries and wages
$728,681
Salaries, compensation and benefits (total)
$1,142,142
Professional fundraising fees
$0
Accounting fees
$28,701
Occupancy
$15,609
Depreciation
$24,336
Program services (functional)
$1,879,837
Management and general (functional)
$96,924
Fundraising (functional)
$140,585

Balance sheet and other

Total assets, start of year
$7,515,575
Total assets, end of year
$7,988,172
Total liabilities, end of year
$214,887
Net assets, end of year
$7,773,285
Land, buildings and equipment
$260,237
Publicly traded securities
$3,247,488
Net assets without donor restrictions
$7,571,632
Net assets with donor restrictions
$201,653
Gross receipts
$2,323,516
Employees
14
Volunteers
25
Year formed
1976
State of legal domicile
VA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CORY DEMCHAKEXECUTIVE DI
Officer
40$103,943$13,908
CRAIG KAISERCFO
Officer
40$77,891$13,891
KRISTIN SZAKOSPRESIDENT
Trustee or director, Officer
1$0$0
WAKI WYNNVICE PRESIDE
Trustee or director, Officer
1$0$0
MARGARET ANDERSONTREASURER
Trustee or director, Officer
1$0$0
FELICE BOLING-KEYMEMBER
Trustee or director
1$0$0
STEPHEN MURPHYMEMBER
Trustee or director
1$0$0
SUZANNE MORSE MOOMAW PHDMEMBER
Trustee or director
1$0$0
CARMELITA WOODMEMBER
Trustee or director
1$0$0
CHARLEY LEWISMEMBER
Trustee or director
1$0$0
KIM VAN SAVAGEMEMBER
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
CORY DEMCHAKEXECUTIVE DI
Officer
40$105,535$11,845
CRAIG KAISERCFO
Officer
40$78,628$11,881
WAKI WYNNVICE PRESIDE
Trustee or director, Officer
1$0$0
KRISTIN SZAKOSPRESIDENT
Trustee or director, Officer
1$0$0
MARGARET ANDERSONTREASURER
Trustee or director, Officer
1$0$0
FELICE BOLING-KEYMEMBER
Trustee or director
1$0$0
STEPHEN MURPHYMEMBER
Trustee or director
1$0$0
SUZANNE MORSE MOOMAW PHDMEMBER
Trustee or director
1$0$0
CARMELITA WOODMEMBER
Trustee or director
1$0$0
CHARLEY LEWISMEMBER
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
CORY DEMCHAKEXECUTIVE DI
Officer
40$104,304$12,843
CRAIG KAISERCFO
Officer
40$76,335$12,877
JENNIFER JACOBSEXECUTIVE DI
Officer
40$37,648$3,357
WAKI WYNNPRESIDENT
Trustee or director, Officer
1$0$0
KRISTIN SZAKOSVICE PRESIDE
Trustee or director, Officer
1$0$0
MARGARET ANDERSONTREASURER
Trustee or director, Officer
1$0$0
FRED MISSELMEMBER
Trustee or director
1$0$0
JAMES BROWNMEMBER
Trustee or director
1$0$0
REBECCA IVINSMEMBER
Trustee or director
1$0$0
STEPHEN MURPHYMEMBER
Trustee or director
1$0$0
EMILY DOUGLASMEMBER
Trustee or director
1$0$0
SUZANNE MORSE MOOMAW PHDMEMBER
Trustee or director
1$0$0
CARMELITA WOODMEMBER
Trustee or director
1$0$0
LIZ RUSSELLMEMBER
Trustee or director
1$0$0
CHARLEY LEWISMEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2127 BERKMAR DR, CHARLOTTESVILLE, VA 22901-1592
Principal officer (990 for 2024)
CORY DEMCHAK, 2127 BERKMAR DRIVE, CHARLOTTESVILLE, VA 22901
Signed the 990
CORY DEMCHAK, EXECUTIVE DIRECTOR
Phone
(434) 817-2447
Return prepared by
ROBINSON FARMER COX ASSOCIATES

Mission

ALBEMARLE HOUSING IMPROVEMENT PROGRAM (AHIP) IS A NON-PROFIT, STATE LICENSED CLASS-A CONTRACTOR WHO COMPLETES CRITICAL REPAIRS, ENERGY EFFICIENT UPGRADES, SAFETY AND ACCESSIBILITY MODIFICATIONS, AND TOTAL HOME REHABS. OUR MISSION IS TO ENSURE SAFE AND AFFORDABLE HOMES FOR OUR NEIGHBORS IN NEED. SINCE 1976, WE HAVE SERVED MORE THAN 4,700 HOUSEHOLDS IN OUR COMMUNITY. NEARLY A TENTH OF CHARLOTTESVILLE AND ALBEMARLE HOMEOWNERS ARE SEVERELY COST BURDENED. THIS MEANS THAT CRITICAL REPAIRS, INCLUDING HVAC, ROOFING, PLUMBING, ELECTRICAL, AND STRUCTURAL REPAIRS, ARE BEYOND REACH. BY PROVIDING REPAIR SERVICES TO INCOME-ELIGIBLE HOMEOWNERS, WE CAN PRESERVE THE HOUSES IN THE NEIGHBORHOODS THAT MAKE UP OUR VIBRANT COMMUNITY. HOME REPAIRS PRESERVE OUR CLIENTS' GREATEST ASSET, THEIR HOME, AND HELPS BUILD GENERATIONAL WEALTH. HOUSING REPAIRS ALSO POSITIVELY AFFECT PHYSICAL AND MENTAL HEALTH WHILE ACCESSIBILITY MODIFICATIONS ENSURE THAT OUR SENIOR CLIENTS CAN AGE IN PLACE SAFELY WITH DIGNITY.

990 for the year ended June 30, 2025

Program accomplishments

  • ALBEMARLE HOUSING IMPROVEMENT PROGRAM (AHIP) PROVIDES CRITICAL HOME REPAIR FOR INCOME-ELIGIBLE FAMILIES IN THE CHARLOTTESVILLE AND ALBEMARLE AREA. OUR ORGANIZATION IS A CLASS-A CONTRACTOR WITH FULL LEAD ABATEMENT CERTIFICATIONS. AHIP TAKES A MULTIFACETED APPROACH TO TACKLING HOUSING NEEDS BY CARRYING OUT CRITICAL REPAIRS, COMPREHENSIVE HOME REHABILITATIONS, ENERGY-EFFICIENCY UPGRADES, AND SAFETY AND ACCESSIBILITY CONCERNS. OUR CRITICAL REPAIR PROGRAMS ADDRESS BASIC SAFETY AND HEALTH CONCERNS AT HOME: FAILING ROOFS, LACK OF HEAT, FAILED WELLS AND SEPTIC SYSTEMS, FAULTY PLUMBING, DANGEROUS ELECTRICAL SYSTEMS, UNSAFE STRUCTURES, PEELING PAINT, DILAPIDATED KITCHENS AND BATHROOMS, MOLD, HAZARDOUS STEPS, LACK OF INSULATION, AND BROKEN WINDOWS AND DOORS. TOGETHER WITH OUR DONORS, BUSINESS PARTNERS, VOLUNTEERS, AND ADVOCATES, LAST YEAR, WE KEPT 170 PEOPLE SAFE AND SECURE BY IMPROVING 82 HOMES WITH 180 CRITICAL REPAIRS AND RETROFITS.
    Expenses $1,879,837 · revenue $69,526

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
54-1028220
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
1997
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,988,172
Income (IRS master file)
$2,323,516

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,323,516$2,117,346$7,988,172XML
990June 2024$2,550,584$2,340,006$7,515,575XML
990June 2023$2,998,331$1,965,142$7,067,130XML
990June 2022$2,349,511$2,177,831$5,952,367IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 54-1028220).

Questions about ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC

What is the EIN of ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC?
The employer identification number (EIN) of ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC is 54-1028220.
Is ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALBEMARLE HOUSING IMPROVEMENT PROGRAM 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 ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC?
The 990 for the year ended June 30, 2025 names CORY DEMCHAK.
Who are the officers and directors of ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC?
The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $103,943 (CORY DEMCHAK, EXECUTIVE DI).
How much revenue does ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,323,516, expenses of $2,117,346 and total assets of $7,988,172 at year end.

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