Nonprofit · EIN 61-1192747
FOUNDATION FOR AFFORDABLE HOUSING INC
Tax-exempt · LEXINGTON, KY 40507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,370,647 | $1,284,430 | $86,217 | $4,702,115 | $308,943 | $4,393,172 |
| December 31, 2023 | 990 | $1,265,361 | $1,098,479 | $166,882 | $4,615,513 | $308,556 | $4,306,957 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $746,812
- of which government grants
- $574,295
- Program service revenue
- $588,136
- Investment income
- $4,702
- Other revenue
- $30,997
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $64,608
- Other salaries and wages
- $306,595
- Salaries, compensation and benefits (total)
- $435,074
- Professional fundraising fees
- $0
- Legal fees
- $8,197
- Accounting fees
- $23,100
- Occupancy
- $466,476
- Depreciation
- $180,276
- Program services (functional)
- $1,184,073
- Management and general (functional)
- $100,357
Balance sheet and other
- Total assets, start of year
- $4,615,513
- Total assets, end of year
- $4,702,115
- Total liabilities, end of year
- $308,943
- Net assets, end of year
- $4,393,172
- Land, buildings and equipment
- $3,775,634
- Net assets without donor restrictions
- $4,393,172
- Gross receipts
- $1,370,647
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- KY
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 |
|---|---|---|---|---|
| PHILLIP N GRAY | PRESIDENT AND DIRECTOR Trustee or director, Officer | 40 | $11,924 | $52,684 |
| DAVID W RICHARD | TREASURER AND DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| TED TUDOR | CHAIR AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN EDWARDS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH L GRAY | SECRETARY AND DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| PAUL WARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN RICHART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAMELA JOHNSON WALKER | VICE-CHAIR AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM EMBRY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRI BALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARRED PAULL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILLIP N GRAY | PRESIDENT AND DIRECTOR Trustee or director, Officer | 40 | $51,324 |
| DAVID W RICHARD | TREASURER AND DIRECTOR Trustee or director, Officer | 2 | $0 |
| TED TUDOR | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN EDWARDS | CHAIR AND DIRECTOR Trustee or director, Officer | 2 | $0 |
| ELIZABETH L GRAY | SECRETARY AND DIRECTOR Trustee or director, Officer | 2 | $0 |
| PAUL WARNER | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN RICHART | DIRECTOR Trustee or director | 1 | $0 |
| PAMELA JOHNSON WALKER | VICE-CHAIR AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| WILLIAM EMBRY III | DIRECTOR Trustee or director | 1 | $0 |
| SHERRI BALL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 169 DEWEESE STREET, LEXINGTON, KY 40507-1937
- Principal officer (990 for 2024)
- PHILLIP N GRAY, 169 DEWEESE STREET, LEXINGTON, KY 40507
- Signed the 990
- PHILLIP N GRAY, PRESIDENT
- Phone
- (859) 368-0482
- Return prepared by
- BLUE & CO LLC
Mission
CREATE SAFE, COMFORTABLE, HIGH-QUALITY, AFFORDABLE HOMES FOR VERY LOWTO MODERATE INCOME PEOPLE.
Program accomplishments
- ESTABLISHMENT AND MAINTENANCE OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND VETERANS.Expenses $1,184,073 · revenue $619,133
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
- 61-1192747
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $4,702,115
- Income (IRS master file)
- $1,370,647
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,370,647 | $1,284,430 | $4,702,115 | IRS |
| 990 | December 2023 | $1,265,361 | $1,098,479 | $4,615,513 | XML |
| 990 | December 2022 | $787,184 | $583,403 | $2,889,245 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 61-1192747).
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 61-1192747.
- Is FOUNDATION FOR AFFORDABLE HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- 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 PHILLIP N GRAY.
- Who are the officers and directors of FOUNDATION FOR AFFORDABLE HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $11,924 (PHILLIP N GRAY, PRESIDENT AND DIRECTOR).
- How much revenue does FOUNDATION FOR AFFORDABLE HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,370,647, expenses of $1,284,430 and total assets of $4,702,115 at year end.
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All nonprofits in LEXINGTON · Kentucky · Housing and shelter