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Nonprofit · EIN 84-1650039

ALEXANDRIA HOUSING DEVELOPMENT CORPORATION

Tax-exempt · ALEXANDRIA, VA 22314

Financials

$14.1M$19.1M2023$16.6M$20.3M2024
Revenue Expenses · by fiscal year end
Financials of ALEXANDRIA HOUSING DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$16,572,591$20,346,453-$3,773,862$229,371,203$238,101,064-$8,729,861
December 31, 2023990$14,111,076$19,106,236-$4,995,160$211,634,366$216,592,908-$4,958,542
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,086,521
of which government grants
$502,939
Program service revenue
$14,246,401
Investment income
$247,694
Net income from fundraising events
-$8,025
Other revenue
-$8,025

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$667,167
Other salaries and wages
$2,260,006
Salaries, compensation and benefits (total)
$3,539,535
Professional fundraising fees
$28,396
Legal fees
$45,405
Accounting fees
$85,555
Occupancy
$10,579,804
Travel
$16,639
Depreciation
$4,113,993
Program services (functional)
$18,425,394
Management and general (functional)
$1,807,623
Fundraising (functional)
$113,436

Balance sheet and other

Total assets, start of year
$211,634,366
Total assets, end of year
$229,371,203
Total liabilities, end of year
$238,101,064
Net assets, end of year
-$8,729,861
Land, buildings and equipment
$146,083,243
Net assets without donor restrictions
-$9,062,316
Net assets with donor restrictions
$332,455
Gross receipts
$16,588,334
Employees
25
Volunteers
8
Year formed
2004
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JON FREDERICKPRESIDENT & CEO
Officer
40$249,861$30,446
ELISA MONDRAGONCHIEF OPERATING OFFICER
Key employee
40$181,898$22,068
AARON REMOLONADIRECTOR OF SPECIAL PROJECTS
Key employee
40$166,751$16,143
FANG BUCHANANCONTROLLER
Highest-paid employee
40$136,849$5,852
MATTHEW RHODESSENIOR REAL ESTATE PROJECT MANAGER
Highest-paid employee
40$124,152$5,614
DANIEL ABRAMSONCHAIR
Trustee or director, Officer
5$0$0
CHRISTINA STACYVICE CHAIR
Trustee or director, Officer
2$0$0
JOHN CORRADOSECRETARY
Trustee or director, Officer
2$0$0
ALYSON MINITERTREASURER
Trustee or director, Officer
2$0$0
MICHAEL CAISONDIRECTOR
Trustee or director
2$0$0
CHARLES PITTMANDIRECTOR
Trustee or director
2$0$0
JOE RESENDEDIRECTOR
Trustee or director
2$0$0
CATHERINE WHITEDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
JON FREDERICKPRESIDENT & CEO
Officer
40$244,124$33,039
ELISA MONDRAGONCHIEF OPERATING OFFICER
Key employee
40$167,029$22,922
AARON REMOLONADIRECTOR OF REAL ESTATE
Key employee
40$160,961$15,370
KAYLA HORNBROOKVP OF COMMUNITY RELATION
Highest-paid employee
40$104,407$24,303
FANG BUCHANANCONTROLLER
Highest-paid employee
40$110,498$5,415
MATTHEW RHODESSENIOR REAL ESTATE PROJECT MANAGER
Highest-paid employee
40$109,812$5,069
DANIEL ABRAMSONCHAIR
Trustee or director, Officer
5$0$0
CHRISTINA STACYVICE CHAIR
Trustee or director, Officer
2$0$0
JOHN CORRADOSECRETARY
Trustee or director, Officer
2$0$0
CATHERINE WHITEDIRECTOR
Trustee or director
2$0$0
JOE RESENDEDIRECTOR
Trustee or director
2$0$0
MICHAEL CAISONDIRECTOR
Trustee or director
2$0$0
CHARLES PITTMANDIRECTOR
Trustee or director
2$0$0
ALYSON MINITERTREASURER
Trustee or director, Officer
2$0$0
CATHERINE PHARISDIRECTOR UNTIL 12/23
Trustee or director
2$0$0
MEGAN GLASHEENDIRECTOR UNTIL 12/23
Trustee or director
2$0$0
ROBERT BURNSDIRECTOR UNTIL 12/23
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
209 MADISON ST STE 500, ALEXANDRIA, VA 22314-2066
In care of
% DANIEL R ABRAMSON
Principal officer (990 for 2024)
JONATHAN FREDERICK, 209 MADISON STREET 500, ALEXANDRIA, VA 22314
Signed the 990
JONATHAN FREDERICK, PRESIDENT AND CEO
Phone
(703) 739-7775
Return prepared by
SC&H GROUP INC

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION ACQUIRED PARKSTONE ALEXANDRIA APARTMENTS ON JANUARY 28, 2020. THE ORGANIZATION OWNS AND OPERATES THIS 326-UNIT APARTMENT COMPLEX LOCATED IN ALEXANDRIA, VIRGINIA. THE ORGANIZATION IS THE SOLE MEMBER AND DEVELOPER FOR AHDC PC DR, LLC.
    Expenses $11,819,908 · revenue $8,359,977
  • IN FEBRUARY 2022, THE ORGANIZATION ACQUIRED THE SQUARE AT 511 (FORMALLY PARK VUE APARTMENTS). THIS ACQUISITION PRESERVED A MARKET RATE PROPERTY FOR PERMANENT AFFORDABILITY. AS A RESULT OF THIS ACQUISITION BY THE ORGANIZATION, ALL 196 UNITS WILL BE PERMANENTLY RESTRICTED TO RENTS NOT TO EXCEED 60% OF AREA MEDIAN INCOME. IN MAY OF 2024, THE ORGANIZATION REFINANCED THE SQUARE AT 511 APARTMENTS. HOUSING ALEXANDRIA WAS ONE OF THE FIRST ORGANIZATIONS TO CLOSE THE AMAZON ACQUISITION LOAN. IN TOTAL, THE ORGANIZATION WAS ABLE TO RETURN TO AMAZON JUST UNDER $20 MILLION FROM THE ORIGINAL ACQUISITION.
    Expenses $4,621,787 · revenue $4,105,956
  • THE SHARED EQUITY HOMEOWNERSHIP PROGRAM WAS FINALIZED IN 2023. THE PROJECT UNDER THIS PROGRAM IS UNDER CONSTRUCTION. HOUSING ALEXANDRIA SEMINARY ROAD DEVELOPMENT WILL MAKE HOMEBUYING MORE AFFORDABLE IN ALEXANDRIA BY BUILDING 36 NEW HOMES FOR FAMILIES. THE ORGANIZATION CONTINUED CONSTRUCTION OF CARDINAL PATH TOWNHOME PROJECT WITH AIMS OF COMPLETION IN 2025. THE DEVELOPMENT USES A SHARED EQUITY HOMEOWNERSHIP MODEL WITH 36 HOMES. THIS WORK ALSO DEVELOPS AN EXPANDED SERVICE SPACE FOR SHELTERED HOMES OF ALEXANDRIA, WHICH PROVIDES HOUSING AND SUPPORTIVE SERVICES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
    Expenses $1,545,140 · revenue $1,315,686
  • THE ORGANIZATION ACQUIRED ELLSWORTH APARTMENTS ON SEPTEMBER 5, 2019. THE ORGANIZATION OWNS AND OPERATES THIS 20-UNIT APARTMENT COMPLEX LOCATED IN ALEXANDRIA, VIRGINIA. THE ORGANIZATION IS THE SOLE MEMBER AND DEVELOPER FOR AHDC ELLSWORTH, LLC.
    Expenses $438,559 · revenue $382,695
  • THE ORGANIZATION HAS ACQUIRED A RESIDENTIAL UNIT FOR THE PURPOSE OF PROVIDING RENTAL HOUSING, AT NO COST, TO A RETIRED CITY OF ALEXANDRIA POLICE OFFICER.
    revenue $1,200
  • GROUNDBREAKING ON THE SANS/NAJA BUILDING BEGAN IN 2023. THE PROJECT WILL CREATE 474 AFFORDABLE HOUSING UNITS, 100 OF WHICH WILL BE AVAILABLE AT A DEEPLY AFFORDABLE 40% MEDIAN AREA INCOME THRESHOLD. THE CITY OF ALEXANDRIA HAS APPROVED $64 MILLION FOR THE PROJECT, AND VIRGINIA HOUSING HAS APPROVED $16.8 MILLION.IN 2024, THE ORGANIZATION LAUNCHED ITS RENT READY PROGRAM IN ALEXANDRIA WITH A FOCUS ON ARLANDRIA, WHERE THE SANS PROJECT WILL BE LOCATED. THIRTEEN CLASSES WERE HOSTED IN THE ARLANDRIA-CHIRILAGUA COMMUNITY, INCLUDING SEVEN INFORMATIONAL SESSIONS AND SIX SKILL-BUILDING COURSES. THE GOAL OF RENT READY IS TO HELP THE OVER 230 ENROLLED FAMILIES INCREASE THE COMPLETION RATE FOR APPLICATIONS TO ENSURE INDIVIDUALS AND FAMILIES FACE MINIMAL ISSUES WHEN MOVING IN, FACILITATING ACCESS TO AFFORDABLE AND SMOOTH HOUSING TRANSITIONS. IN THE END OF 2024, THE ORGANIZATION CLOSED ON FINANCING FOR PHASE 1 OF THE SANS PROJECT. THE REAL ESTATE TEAM SIGNED UP APPROXIMATELY $50 MILLION IN EQUITY AND OVER $70 MILLION IN CONSTRUCTION-TO-PERMANENT DEBT. THIS IS IN ADDITION TO FINANCIAL SUPPORT FROM THE CITY OF ALEXANDRIA, WHICH TOTALS $78 MILLION FOR THE ENTIRE PROJECT. THE SANS/NAJA DEVELOPMENT IS EXPECTED TO BE COMPLETED IN 2026.
    revenue $80,887

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
84-1650039
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
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$229,371,203
Income (IRS master file)
$16,588,334

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$16,572,591$20,346,453$229,371,203IRS
990December 2023$14,111,076$19,106,236$211,634,366XML
990December 2022$12,284,689$17,486,321$186,839,612IRS
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 84-1650039).

Questions about ALEXANDRIA HOUSING DEVELOPMENT CORPORATION

What is the EIN of ALEXANDRIA HOUSING DEVELOPMENT CORPORATION?
The employer identification number (EIN) of ALEXANDRIA HOUSING DEVELOPMENT CORPORATION is 84-1650039.
Is ALEXANDRIA HOUSING DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to ALEXANDRIA HOUSING DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALEXANDRIA HOUSING DEVELOPMENT CORPORATION 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 ALEXANDRIA HOUSING DEVELOPMENT CORPORATION 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 ALEXANDRIA HOUSING DEVELOPMENT CORPORATION 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 ALEXANDRIA HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names JONATHAN FREDERICK.
Who are the officers and directors of ALEXANDRIA HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 13 people; 5 received compensation from the organization, the highest $249,861 (JON FREDERICK, PRESIDENT & CEO).
How much revenue does ALEXANDRIA HOUSING DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $16,572,591, expenses of $20,346,453 and total assets of $229,371,203 at year end.

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