Nonprofit · EIN 87-3241481
AMERICAN OPPORTUNITY FOUNDATION
Also known as AOF GEORGIA AFFORDABLE HOUSING CORP
Tax-exempt · ATLANTA, GA 30339
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,798,368 | $7,873,061 | -$3,074,693 | $44,351,219 | $53,211,440 | -$8,860,221 |
| December 31, 2023 | 990 | $4,354,441 | $7,866,145 | -$3,511,704 | $46,429,901 | $52,215,429 | -$5,785,528 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,797,437
- Investment income
- $931
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $552,794
- Salaries, compensation and benefits (total)
- $618,912
- Professional fundraising fees
- $0
- Legal fees
- $66,550
- Accounting fees
- $16,000
- Occupancy
- $694,978
- Travel
- $3,692
- Depreciation
- $1,691,619
- Program services (functional)
- $7,492,727
- Management and general (functional)
- $380,334
Balance sheet and other
- Total assets, start of year
- $46,429,901
- Total assets, end of year
- $44,351,219
- Total liabilities, end of year
- $53,211,440
- Net assets, end of year
- -$8,860,221
- Land, buildings and equipment
- $41,421,739
- Net assets without donor restrictions
- -$8,860,221
- Gross receipts
- $4,798,368
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- GA
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 | Other / benefits |
|---|---|---|---|---|---|
| PHILIP J KENNEDY | PRESIDENT AND TREASURER Trustee or director, Officer | 2 | $0 | $515,000 | $83,720 |
| KATHRYN WALKER | VP AND SECRETARY Trustee or director, Officer | 5 | $0 | $380,000 | $63,415 |
| SARA FAY | OFFICER Trustee or director, Officer | 0.2 | $0 | $319,167 | $54,317 |
| WILLIAM FISHER III | TRUSTEE Trustee or director | 0.2 | $0 | $25,000 | $0 |
| ALAN FERGUSON | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHILIP J KENNEDY | PRESIDENT AND TREASURER Trustee or director, Officer | 2 | $0 | $1,165,000 | $77,237 |
| KATHRYN WALKER | VP AND SECRETARY Trustee or director, Officer | 5 | $0 | $400,000 | $59,815 |
| SARA FAY | OFFICER Trustee or director, Officer | 0.2 | $0 | $274,375 | $50,060 |
| WILLIAM FISHER III | TRUSTEE Trustee or director | 0.2 | $0 | $27,000 | $0 |
| ALAN FERGUSON | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 PARKWOOD CIR SE STE 805, ATLANTA, GA 30339-6627
- In care of
- % AMERICAN OPPORTUNITY FOUNDATION
- Mailing address (990-N for 2021)
- 1000 Parkwood Circle SE Suite 320, Atlanta GA 30339
- Principal officer (990 for 2024)
- KATHRYN T WALKER, 1000 PARKWOOD CIRCLE SE SUITE 320, ATLANTA, GA 30339
- Principal officer (990-N for 2021)
- Kathryn Walker, 1000 Parkwood Circle SE Suite 320, Atlanta GA 30339
- Signed the 990
- KATHRYN T WALKER, VICE PRESIDENT
- Phone
- (714) 799-1339
- Return prepared by
- CARTER & COMPANY CPAS LLC
Mission
TO DEVELOP ,ACQUIRE, CONSTRUCT, OWN, OPERATE OR OTHERWISE SUPPORT AFFORDABLE HOUSING TO BE OCCUPIED BY PERSONS OR FAMILIES OF LOW OR MODERATE INCOME AND/OR ELDERLY.
Program accomplishments
- OPERATION OF A 150-UNIT APARTMENT COMPLEX AND A 220-UNIT APARTMENT COMPLEX FOR LOW-INCOME INDIVIDUALS OR FAMILIESExpenses $7,492,727 · revenue $4,797,437
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
- 87-3241481
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 7174: AMERICAN OPPORTUNITY FOUNDATION INC
- Assets (IRS master file)
- $44,351,219
- Income (IRS master file)
- $4,798,368
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,798,368 | $7,873,061 | $44,351,219 | IRS |
| 990 | December 2023 | $4,354,441 | $7,866,145 | $46,429,901 | XML |
| 990 | December 2022 | $3,779,578 | $6,053,402 | $49,512,470 | IRS |
| 990-N for 2021 Officer: Kathryn Walker | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-3241481).
Questions about AMERICAN OPPORTUNITY FOUNDATION
- What is the EIN of AMERICAN OPPORTUNITY FOUNDATION?
- The employer identification number (EIN) of AMERICAN OPPORTUNITY FOUNDATION is 87-3241481.
- Is AMERICAN OPPORTUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Which annual return does AMERICAN OPPORTUNITY FOUNDATION 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 AMERICAN OPPORTUNITY FOUNDATION 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 AMERICAN OPPORTUNITY FOUNDATION 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 AMERICAN OPPORTUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names KATHRYN T WALKER.
- Who are the officers and directors of AMERICAN OPPORTUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does AMERICAN OPPORTUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,798,368, expenses of $7,873,061 and total assets of $44,351,219 at year end.
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