Skip to content
ProPublica Donate
ProPublica Donate

Foresight Affordable Housing 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: Unknown / Unclassified (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$19.9M (2023)

Expenses
$26.1M (2023)

Total Assets
$250M (2023)

Total Liabilities
$233M (2023)

Years with multiple filings
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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,874,329
Expenses
$26,057,345
Net Income
-$6,183,016
Net Assets
$17,117,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,092,751
10.5%
Program Services $16,419,609
82.6%
Investment Income $404,619
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $696,771
3.5%
Net Inventory Sales $0
Other Revenue $260,579
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $531,471
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,339,793
9.0%
Assets/Debt
Total Assets $249,776,671
Total Liabilities $232,658,793
Net Assets $17,117,878
Compensation
Key Employees and Officers Compensation Related Other
Nelson L Morgan Iii (Vice President) $276,359 $0 $51,915
Martin Whalen (Vice President Of Development) $183,286 $0 $43,919
Shonte' Espinal (Vp Of Asset Operations) $167,283 $0 $30,080
Donald Reape (President) $110,272 $0 $8,379
Dr Bruce Johnson (Vp & Asst. Secretary) $34,895 $0 $14,839
E James Henderson (Secretary & Treasurer) $19,812 $0 $0
Lynda Barness (Trustee) $3,000 $0 $0
Michael Byrnes (Trustee) $3,000 $0 $0
Neisa Caraballo (Trustee) $3,000 $0 $0
Janvier L Osborne (Trustee) $3,000 $0 $0
Gerald F Schwam (Trustee) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,700,566
Expenses
$4,001,529
Net Income
-$300,963
Net Assets
$30,024,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $700,517
18.9%
Program Services $2,627,192
71.0%
Investment Income $340,229
9.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $32,628
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $490,117
12.2%
Professional Fundraising Fees $0
Other Salaries and Wages $720,858
18.0%
Assets/Debt
Total Assets $39,444,822
Total Liabilities $9,420,680
Net Assets $30,024,142
Compensation
Key Employees and Officers Compensation Related Other
Nelson L Morgan Iii (Vice President) $262,202 $0 $47,320
Martin Whalen (Vice President Of Development) $166,718 $0 $45,014
Shonte' Espinal (Vp Of Asset Operations) $131,876 $0 $30,494
Donald Reape (President) $82,117 $0 $13,631
Dr Bruce Johnson (Vp & Asst. Secretary) $33,392 $0 $23,626
E James Henderson (Secretary & Treasurer) $17,829 $0 $0
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $2,000 $0 $0
Javier L Osborne (Trustee) $2,000 $0 $0
Michael Byrnes (Trustee) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,804,387
Expenses
$6,078,776
Net Income
$4,725,611
Net Assets
$25,574,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,850,908
54.2%
Program Services $3,399,320
31.5%
Investment Income $310,303
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,144,235
10.6%
Net Inventory Sales $0
Other Revenue $99,621
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $458,786
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $742,398
12.2%
Assets/Debt
Total Assets $35,307,423
Total Liabilities $9,732,877
Net Assets $25,574,546
Compensation
Key Employees and Officers Compensation Related Other
Nelson Morgan (Vice President) $248,877 $0 $46,216
Martin Whalen (Vice President Of Development) $147,728 $0 $43,475
Donald Reape (President) $79,725 $0 $13,073
Dr Bruce Johnson (Vp & Asst. Secretary) $32,419 $0 $13,061
E James Henderson (Secretary & Treasurer) $17,415 $0 $0
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Javier L Osborne (Trustee) $2,000 $0 $0
Michael Byrnes (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,404,481
Expenses
$5,342,833
Net Income
-$938,352
Net Assets
$21,462,117
Notable Sources of Revenue Percent of Total Revenue
Contributions $221,971
5.0%
Program Services $3,803,461
86.4%
Investment Income $355,480
8.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,569
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $423,837
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $679,859
12.7%
Assets/Debt
Total Assets $32,311,251
Total Liabilities $10,849,134
Net Assets $21,462,117
Compensation
Key Employees and Officers Compensation Related Other
Nelson Morgan (Vice President) $236,730 $0 $43,439
Donald Reape (President) $79,580 $0 $7,168
Dr Bruce Johnson (Vp & Asst. Secretary) $33,728 $0 $5,863
E James Henderson (Secretary & Treasurer) $17,078 $0 $0
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $2,000 $0 $0
Javier L Osborne (Trustee) $2,000 $0 $0
Michael Byrnes (Trustee) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,358,951
Expenses
$4,571,509
Net Income
-$212,558
Net Assets
$22,918,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $259,715
6.0%
Program Services $3,818,836
87.6%
Investment Income $232,419
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $47,981
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $372,848
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $547,942
12.0%
Assets/Debt
Total Assets $32,940,319
Total Liabilities $10,021,443
Net Assets $22,918,876
Compensation
Key Employees and Officers Compensation Related Other
Nelson Morgan (Key Employee) $230,741 $0 $51,872
Donald Reape (President) $79,115 $0 $2,265
Morton W Schomer (Vice President & Asst. Secreta) $34,307 $0 $921
Dr Bruce Johnson (Secretary & Treasurer) $16,685 $0 $393
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $2,000 $0 $0
E James Henderson (Trustee) $2,000 $0 $0
Javier L Osborne (Trustee) $2,000 $0 $0
Michael Byrnes (Trustee) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,667,470
Expenses
$4,235,157
Net Income
$432,313
Net Assets
$22,631,434
Notable Sources of Revenue Percent of Total Revenue
Contributions $719,840
15.4%
Program Services $3,708,111
79.4%
Investment Income $208,595
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30,924
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $370,819
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $551,347
13.0%
Assets/Debt
Total Assets $32,057,702
Total Liabilities $9,426,268
Net Assets $22,631,434
Compensation
Key Employees and Officers Compensation Related Other
Nelson Morgan (Key Employee) $234,489 $0 $47,932
Donald Reape (President) $76,914 $0 $2,199
Morton W Schomer (Vice President & Asst. Secreta) $33,111 $0 $894
Dr Bruce Johnson (Secretary & Treasuerer) $16,305 $0 $381
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $2,000 $0 $0
E James Henderson (Trustee) $2,000 $0 $0
Javier L Osborne (Trustee) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,929,643
Expenses
$4,000,307
Net Income
-$70,664
Net Assets
$21,895,817
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,703,814
94.3%
Investment Income $186,319
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $39,510
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $308,936
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $529,924
13.2%
Assets/Debt
Total Assets $31,503,540
Total Liabilities $9,607,723
Net Assets $21,895,817
Compensation
Key Employees and Officers Compensation Related Other
Nelson Morgan (Key Employee) $177,677 $0 $42,231
Donald Reape (President) $74,780 $0 $2,135
Morton W Schomer (Vice President) $32,544 $0 $868
Dr Bruce Johnson (Secretary & Treasuerer) $15,935 $0 $370
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $2,000 $0 $0
E James Henderson (Trustee) $2,000 $0 $0
Javier L Osborne (Trustee) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,808,196
Expenses
$3,966,291
Net Income
-$158,095
Net Assets
$20,665,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,588,389
94.2%
Investment Income $174,946
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $44,861
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $296,332
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $491,515
12.4%
Assets/Debt
Total Assets $30,461,846
Total Liabilities $9,795,865
Net Assets $20,665,981
Compensation
Key Employees and Officers Compensation Related Other
Nelson Morgan (Vice President) $178,347 $0 $36,995
Donald Reape (President) $66,648 $0 $1,900
Morton W Schomer (Vice President) $29,059 $0 $773
Dr Bruce Johnson (Secretary & Treasuerer) $14,278 $0 $329
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $2,000 $0 $0
E James Henderson (Trustee) $2,000 $0 $0
Bonnie Layton (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,830,498
Expenses
$3,851,686
Net Income
-$21,188
Net Assets
$15,739,921
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,530,479
92.2%
Investment Income $182,140
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $117,879
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $302,751
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $434,115
11.3%
Assets/Debt
Total Assets $25,706,094
Total Liabilities $9,966,173
Net Assets $15,739,921
Compensation
Key Employees and Officers Compensation Related Other
Nelson Morgan (Vice President) $169,950 $0 $28,551
Donald Reape (President) $76,753 $0 $0
Morton W Schomer (Vice President) $33,524 $0 $0
Dr Bruce Johnson (Secretary) $16,524 $0 $0
Gerald F Schwam (Trustee) $2,000 $0 $0
Lynda Barness (Trustee) $2,000 $0 $0
Neisa Caraballo (Trustee) $2,000 $0 $0
Bonnie Layton (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,040,822
Expenses
$3,109,124
Net Income
-$68,302
Net Assets
$5,148,588
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,991,303
98.4%
Investment Income $31,994
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,525
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $102,416
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $443,878
14.3%
Assets/Debt
Total Assets $27,430,033
Total Liabilities $22,281,445
Net Assets $5,148,588

Document Links

Fiscal Year Ending March
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,008,731
Expenses
$4,137,569
Net Income
-$128,838
Net Assets
$5,694,421
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,752,201
93.6%
Investment Income $63,165
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $193,365
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $218,176
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $357,409
8.6%
Assets/Debt
Total Assets $24,321,787
Total Liabilities $18,627,366
Net Assets $5,694,421

Document Links

Fiscal Year Ending March
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,842,222
Expenses
$3,644,096
Net Income
$198,126
Net Assets
$5,561,631
Notable Sources of Revenue Percent of Total Revenue
Contributions $330,587
8.6%
Program Services $3,441,156
89.6%
Investment Income $39,385
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31,094
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $222,350
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $318,372
8.7%
Assets/Debt
Total Assets $20,577,376
Total Liabilities $15,015,745
Net Assets $5,561,631

Document Links

Fiscal Year Ending March
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,477,359
Expenses
$3,479,458
Net Income
-$2,099
Net Assets
$5,408,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,334,791
95.9%
Investment Income $116,760
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25,808
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $197,237
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $438,286
12.6%
Assets/Debt
Total Assets $17,969,041
Total Liabilities $12,560,289
Net Assets $5,408,752

Document Links

Fiscal Year Ending March
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,457,500
Expenses
$3,554,559
Net Income
-$97,059
Net Assets
$5,410,851
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,389,556
98.0%
Investment Income $57,239
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,705
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $81,148
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $446,494
12.6%
Assets/Debt
Total Assets $17,179,497
Total Liabilities $11,768,646
Net Assets $5,410,851

Document Links

Fiscal Year Ending March
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 March
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 March
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 March
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 March
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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »