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Foundation For Affordable Housing V Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.52M (2022)

Expenses
$5.19M (2022)

Total Assets
$8.72M (2022)

Total Liabilities
$2.04M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,515,667
Expenses
$5,189,550
Net Income
-$673,883
Net Assets
$6,681,414
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,357,962
96.5%
Investment Income $8,351
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $149,354
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,098,288
59.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,717,002
Total Liabilities $2,035,588
Net Assets $6,681,414
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (President) $3,098,288 $0 $105,225
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Nick Dobron (Director) $0 $0 $0
Erica Teel (Director) $0 $0 $0
Darrin Willard (Secretary/Treasurer) $0 $623,615 $73,819
Melissa Vincent (Senior Vice President) $0 $329,064 $45,978
Tarun Chandran (General Counsel & Assistant Secretary) $0 $556,325 $46,463
Jason Acosta (Former Vice President) $0 $117,017 $14,096

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,122,399
Expenses
$1,722,187
Net Income
$400,212
Net Assets
$7,355,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,144,054
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$21,655
Notable Expenses Percent of Total Expenses
Executive Compensation $580,764
33.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,679,414
Total Liabilities $2,324,117
Net Assets $7,355,297
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (Director/President/Voting) $580,178 $0 $100,444
Erica Teel (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Nick Dobron (Director) $0 $0 $0
Darrin Willard (Secretary/Treasurer/Voting) $0 $587,001 $71,422
Jason Acosta (Vice President) $0 $202,941 $34,991
Melissa Vincent (Senior Vice President) $0 $250,486 $44,428

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,077,726
Expenses
$2,291,142
Net Income
-$213,416
Net Assets
$6,954,760
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,030,208
97.7%
Investment Income $4,175
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $43,343
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $563,763
24.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,419,669
Total Liabilities $464,909
Net Assets $6,954,760
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (Director/President/Voting) $566,748 $0 $98,960
Erica Teel (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Jennifer Croswell (Director) $0 $0 $0
Darrin Willard (Secretary/Treasurer/Voting) $0 $563,940 $69,824
Jason Acosta (Vice President) $0 $177,071 $28,455

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,610,034
Expenses
$1,033,038
Net Income
$576,996
Net Assets
$8,418,196
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,450,331
90.1%
Investment Income $4,175
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $155,528
9.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $501,159
48.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,123,913
Total Liabilities $705,717
Net Assets $8,418,196
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (Director/President/Voting) $501,159 $0 $103,439
Erica Teel (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Jennifer Croswell (Director) $0 $0 $0
Darrin Willard (Secretary/Treasurer/Voting) $0 $421,104 $70,465
Thomas E Willard (Voting Member) $0 $501,135 $77,436
Jason Acosta (Vice President) $0 $161,698 $28,469

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,904,206
Expenses
$1,697,135
Net Income
$5,207,071
Net Assets
$7,841,188
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,297
0.5%
Program Services $1,769,796
25.6%
Investment Income $4,604
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,500,000
65.2%
Net Inventory Sales $0
Other Revenue $596,509
8.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $501,029
29.5%
Professional Fundraising Fees $0
Other Salaries and Wages $52,492
3.1%
Assets/Debt
Total Assets $8,088,277
Total Liabilities $247,089
Net Assets $7,841,188
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (Director/President/Voting Member) $501,233 $0 $101,464
Erica Teel (Director) $0 $0 $0
Jennifer Croswell (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Darrin Willard (Secretary/Treasurer/Voting Member) $0 $350,522 $68,467
Jason Acosta (Vice President) $0 $155,507 $24,978
Thomas E Willard (Voting Member) $0 $506,678 $74,777

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,454,352
Expenses
$1,307,524
Net Income
$146,828
Net Assets
$2,634,118
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,422,879
97.8%
Investment Income $31,473
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $507,690
38.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,107,511
Total Liabilities $473,393
Net Assets $2,634,118
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (President/Director) $463,050 $0 $97,823
Stanford Smith (Vice President/Director) $0 $100,548 $38,113
Erica Teel (Director) $0 $0 $0
Scott Awbrey (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Thomas E Willard (Secretary/Treasurer) $0 $463,050 $73,310
Darrin Willard (Chief Operating Officer) $0 $308,056 $71,863

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,564,855
Expenses
$1,631,199
Net Income
-$66,344
Net Assets
$2,487,290
Notable Sources of Revenue Percent of Total Revenue
Contributions $96,065
6.1%
Program Services $1,456,075
93.0%
Investment Income $12,715
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $427,110
26.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,648,496
Total Liabilities $161,206
Net Assets $2,487,290
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (President/Director) $376,561 $0 $100,974
Stanford Smith (Vice President/Director) $0 $101,048 $34,514
Erica Teel (Director) $0 $0 $0
Scott Awbrey (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Thomas E Willard (Secretary/Treasurer) $0 $376,262 $74,958
Darrin Willard (Chief Operating Officer) $0 $301,934 $92,850

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,164,028
Expenses
$5,511,822
Net Income
$652,206
Net Assets
$2,553,634
Notable Sources of Revenue Percent of Total Revenue
Contributions $203,815
3.3%
Program Services $3,574,507
58.0%
Investment Income $7,103
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,378,603
38.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $361,476
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,705,977
Total Liabilities $152,343
Net Assets $2,553,634
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (President/Director) $321,251 $0 $74,857
Stanford Smith (Vice President/Director) $0 $99,548 $31,953
Erica Teel (Director) $0 $0 $0
Scott Awbrey (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Thomas E Willard (Secretary/Treasurer) $0 $321,251 $66,519
Darrin Willard (Chief Operating Officer) $0 $253,397 $79,059

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,109,200
Expenses
$5,193,361
Net Income
-$84,161
Net Assets
$1,901,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $204,900
4.0%
Program Services $4,898,288
95.9%
Investment Income $6,012
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $316,876
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,165,576
Total Liabilities $19,264,148
Net Assets $1,901,428
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (President/Director) $292,504 $0 $19,271
Stanford Smith (Vice President/Director) $0 $98,548 $25,382
Erica Teel (Director) $0 $0 $0
Scott Awbrey (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Rj Miller (Director) $0 $0 $0
Thomas E Willard (Secretary/Treasurer) $0 $292,504 $18,780
Darrin Willard (Chief Operating Officer) $0 $187,002 $44,746

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,002,513
Expenses
$4,636,827
Net Income
$365,686
Net Assets
$1,985,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $240,763
4.8%
Program Services $4,526,008
90.5%
Investment Income $1,116
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $234,626
4.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $315,804
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,466,236
Total Liabilities $19,480,647
Net Assets $1,985,589
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Deborrah A Willard (President/Director) $295,001 $0 $20,803
Stanford Smith (Vice President/Director) $0 $104,737 $23,911
Erica Teel (Director) $0 $0 $0
Ray Waters (Director) $0 $0 $0
Shige Itoh (Director) $0 $0 $0
Thomas E Willard (Secretary/Treasurer) $0 $295,001 $21,940
Paul Carroll (Chief Operating Officer) $0 $144,585 $9,388
Darrin Willard (Chief Operating Officer) $0 $95,501 $25,958

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,645,299
Expenses
$4,705,328
Net Income
-$60,029
Net Assets
$1,619,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $290,025
6.2%
Program Services $4,355,165
93.8%
Investment Income $109
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $328,187
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,142,269
Total Liabilities $19,522,366
Net Assets $1,619,903

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,149,738
Expenses
$4,538,830
Net Income
-$389,092
Net Assets
$1,679,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $297,512
7.2%
Program Services $3,851,324
92.8%
Investment Income $902
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $314,408
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,580,571
Total Liabilities $19,900,639
Net Assets $1,679,932

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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