Affordable Housing Development Fund Inc

Rockford, IL
Tax-exempt since Feb. 1998
EIN: 39-1906153

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$13.8M (2023)

Expenses

$13M (2023)

Total Assets

$92.6M (2023)

Total Liabilities

$68.2M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$13,826,247

Expenses

$12,991,674

Net Income

$834,573

Net Assets

$24,389,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,380,702	89.5%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$805,576	5.8%
Net Inventory Sales	$0
Other Revenue	$639,969	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$36,000	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$92,633,968
Total Liabilities	$68,244,760
Net Assets	$24,389,208

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir. & Pres.)	$16,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$10,000	$0	$0
John Constantine (Dir. & Secretary)	$10,000	$0	$0
Perry Harenda (Director Property Mgmt P)	$0	$327,107	$0

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990

Filed on May 9, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$20,676,130

Expenses

$14,596,449

Net Income

$6,079,681

Net Assets

$23,879,019

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,795,137	66.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,035,822	29.2%
Net Inventory Sales	$0
Other Revenue	$845,171	4.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$72,000	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$86,242,011
Total Liabilities	$62,362,992
Net Assets	$23,879,019

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir.& Pres.)	$32,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$20,000	$0	$0
John Constantine (Dir. & Secretary)	$20,000	$0	$0
Perry Harenda (Director Property Mgmt Ppm)	$0	$245,011	$0

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990

Filed on May 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$18,557,415

Expenses

$16,838,695

Net Income

$1,718,720

Net Assets

$17,913,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$259,295	1.4%
Program Services	$14,767,662	79.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,330,656	17.9%
Net Inventory Sales	$0
Other Revenue	$199,802	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$54,000	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$87,465,066
Total Liabilities	$69,551,584
Net Assets	$17,913,482

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir.& Pres.)	$24,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$15,000	$0	$0
John Constantine (Dir. & Secretary)	$15,000	$0	$0
Perry Harenda (Director Of Affordable Hsi)	$0	$268,980	$0

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990

Filed on May 13, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$16,334,287

Expenses

$16,184,061

Net Income

$150,226

Net Assets

$17,019,763

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,270,592	81.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,676,880	16.4%
Net Inventory Sales	$0
Other Revenue	$386,815	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$27,000	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$90,945,672
Total Liabilities	$73,925,909
Net Assets	$17,019,763

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir.& Pres.)	$12,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$7,500	$0	$0
John Constantine (Dir. & Secretary)	$7,500	$0	$0
Brian Brooks (Director Of Operations At)	$0	$192,639	$0
Perry Harenda (Director Of Affordable Hsi)	$0	$225,974	$0

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990

Filed on May 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$16,678,401

Expenses

$17,140,498

Net Income

-$462,097

Net Assets

$16,915,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,805,497	76.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,595,000	21.6%
Net Inventory Sales	$0
Other Revenue	$277,904	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$27,000	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$99,918,133
Total Liabilities	$83,002,972
Net Assets	$16,915,161

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir.& Pres.)	$12,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$7,500	$0	$0
John Constantine (Dir. & Secretary)	$7,500	$0	$0
Brian Brooks (Director Of Operations At)	$0	$149,829	$0
Perry Harenda (Director Of Affordable Hsi)	$0	$218,660	$0
Ken Smith Retired 5102019 (Director)	$0	$0	$0

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990

Filed on May 14, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$16,044,888

Expenses

$22,719,744

Net Income

-$6,674,856

Net Assets

$17,490,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,065,667	93.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$161,356
Net Inventory Sales	$0
Other Revenue	$1,140,577	7.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$45,750	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$105,458,843
Total Liabilities	$87,967,860
Net Assets	$17,490,983

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir.& Pres.)	$12,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$11,250	$0	$0
Ken Smith (Director)	$11,250	$0	$0
John Constantine (Dir. & Secretary)	$11,250	$0	$0
Brian Brooks (Director Of Operations At)	$0	$149,738	$0
Perry Harenda (Director Of Affordable Hsi)	$0	$219,002	$0
Mike Mcneal (Chief Financial Officer)	$0	$143,089	$0
John Erich Terminated Dec 2018 (Development Manager)	$0	$694,385	$0
Gerald Zeibert (Construction Manager)	$0	$125,459	$0

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990

Filed on May 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2017

Revenue

$20,065,036

Expenses

$20,438,134

Net Income

-$373,098

Net Assets

$14,681,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,461,498	77.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,207,480	21.0%
Net Inventory Sales	$0
Other Revenue	$396,058	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,750	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$71,589,239
Total Liabilities	$56,907,980
Net Assets	$14,681,259

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir.& Pres.)	$20,500	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$13,750	$0	$0
Ken Smith (Director)	$13,750	$0	$0
John Constantine (Dir. & Secretary)	$13,750	$0	$0
Gerald Walters Retired In 2017 (Director Of Property Manag)	$0	$135,000	$0
Brian Brooks (Director Of Operations At)	$0	$149,829	$0
Perry Harenda (Director Of Affordable Hsi)	$0	$218,660	$0
John Erich (Development Manager)	$0	$180,008	$0
Mike Mcneal (Chief Financial Officer)	$0	$132,260	$0

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990

Filed on May 11, 2018

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2016

Revenue

$21,515,741

Expenses

$29,948,313

Net Income

-$8,432,572

Net Assets

$14,223,276

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$21,291,332	99.0%
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	$224,409	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$26,750	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$107,538,044
Total Liabilities	$93,314,768
Net Assets	$14,223,276

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Van Vleet (Dir.& Pres.)	$8,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$5,000	$0	$0
Ken Smith (Director)	$5,000	$0	$0
John Constantine (Dir. & Secretary)	$5,000	$0	$0
Mark E Adams Resigned 121216 (Director)	$3,750	$0	$0
Gerald Walters (Director Of Property Manag)	$0	$172,000	$0
Brian Brooks (Director Of Operations At)	$0	$147,643	$0
Perry Harenda (Director Of Affordable Hsi)	$0	$181,840	$0
John Erich (Development Manager)	$0	$180,000	$0
Natalie Latino (Accounting Manager)	$0	$130,000	$0
Jerry Zeibert (Construction Manager)	$0	$130,000	$0
Mike Mcneal (Chief Financial Officer)	$0	$130,000	$0

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990

Filed on May 12, 2017

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2015

Revenue

$42,989,742

Expenses

$39,034,520

Net Income

$3,955,222

Net Assets

$17,486,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$32,856,490	76.4%
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	$10,133,252	23.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$28,000	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$139,342,330
Total Liabilities	$121,855,715
Net Assets	$17,486,615

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gerald Walters (Director Of Property Manager At Ppm)	$186,675	$0	$0
Perry Harenda (Director Of Affordable Hsing At Ppm)	$163,893	$0	$0
Brian Brooks (Director Of Operations At Ppm)	$148,048	$0	$0
Thomas Van Vleet (Dir.& Pres.)	$8,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$5,000	$0	$0
Mark E Adams (Director)	$5,000	$0	$0
Ken Smith (Director)	$5,000	$0	$0
John Constantine (Dir. & Secretary)	$5,000	$0	$0

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990

Filed on May 10, 2016

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2014

Revenue

$30,036,412

Expenses

$31,536,875

Net Income

-$1,500,463

Net Assets

$12,549,679

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,832,136	96.0%
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	$1,204,276	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$23,000	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$110,385,691
Total Liabilities	$97,836,012
Net Assets	$12,549,679

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gerald Walters (Director Of Property Manag)	$177,100	$0	$0
Perry Harenda (Director Of Affordable Hou)	$155,022	$0	$0
Brian Brooks (Director Of Operations)	$149,652	$0	$0
Thomas Van Vleet (Dir.& Pres. (Effective 5/12/14))	$8,000	$0	$0
Jack Ahrens (Dir., Vp, & Treasurer)	$5,000	$0	$0
Mark E Adams (Director)	$5,000	$0	$0
Ken Smith (Director)	$5,000	$0	$0
Rino Saverio Burdi (Dir.& Pres.(Retired 5/12/14))	$0	$0	$0
Earl J De Cloux (Director (Passed Away Feb. 2014))	$0	$0	$0
John Constantine (Dir. & Secretary)	$0	$0	$0

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990

Filed on May 13, 2015

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2013

Revenue

$22,310,567

Expenses

$22,484,560

Net Income

-$173,993

Net Assets

$2,849,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,547,607	> 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	-$237,040

Notable Expenses		Percent of Total Expenses
Executive Compensation	$30,000	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$69,047,090
Total Liabilities	$66,197,425
Net Assets	$2,849,665

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Perry Harenda (Director Of Affordable Housing)	$144,500	$0	$0
Brian Brooks (Director Of Operations)	$144,143	$0	$0
Gerald Walters (Director Of Property Management)	$143,196	$0	$0
Jack Ahrens (Director)	$5,000	$0	$0
Thomas Van Vleet (Dir.& Vice Pres.(Pres. 2014))	$5,000	$0	$0
Rino Saverio Burdi (Dir.& Pres.(Resigned As Pres. 2014))	$5,000	$0	$0
Mark E Adams (Director)	$5,000	$0	$0
Earl J De Cloux (Director)	$5,000	$0	$0
Ken Smith (Director)	$5,000	$0	$0

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990

Filed on May 12, 2014

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2012

Revenue

$18,381,297

Expenses

$19,175,756

Net Income

-$794,459

Net Assets

$681,159

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$18,403,060	> 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	-$21,763

Notable Expenses		Percent of Total Expenses
Executive Compensation	$30,000	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$55,833,905
Total Liabilities	$55,152,746
Net Assets	$681,159

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$6,183,054

Expenses

$3,226,806

Net Income

$2,956,248

Net Assets

$10,764,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,811,906	45.5%
Investment Income	$91,345	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,279,803	53.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,000	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,522,818
Total Liabilities	$24,758,244
Net Assets	$10,764,574

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2005

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2004

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

Primary tax return for a nonprofit’s activities, finances, and governance

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Affordable Housing Development Fund Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $13.8M (2023)

Expenses $13M (2023)

Total Assets $92.6M (2023)

Total Liabilities $68.2M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$13.8M (2023)

Expenses

$13M (2023)

Total Assets

$92.6M (2023)

Total Liabilities

$68.2M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001

Fiscal Year Ending Dec.
2000