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Mof Preservation Of Affordability Corp

  • Cordova, TN
  • Tax-exempt since Nov. 2013
  • EIN: 56-2444917

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
$59.4M (2022)

Expenses
$15.7M (2022)

Total Assets
$52.9M (2022)

Total Liabilities
$55.2M (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
$59,402,793
Expenses
$15,704,784
Net Income
$43,698,009
Net Assets
-$2,275,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,828,000
8.1%
Program Services $19,535,303
32.9%
Investment Income $35,354
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $35,004,136
58.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,842,105
11.7%
Assets/Debt
Total Assets $52,907,364
Total Liabilities $55,182,393
Net Assets -$2,275,029
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $397,000 $65,000
Philip Roberts (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Nov. 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$61,495,964
Expenses
$49,825,036
Net Income
$11,670,928
Net Assets
-$45,973,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $370,520
0.6%
Program Services $14,791,853
24.1%
Investment Income $1,974
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $46,331,617
75.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,314,787
8.7%
Assets/Debt
Total Assets $98,746,932
Total Liabilities $144,719,970
Net Assets -$45,973,038
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $397,000 $65,000
Philip Roberts (Director) $0 $37,500 $55,000
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Sept. 23, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,111,075
Expenses
$56,732,882
Net Income
-$7,621,807
Net Assets
-$57,643,966
Notable Sources of Revenue Percent of Total Revenue
Contributions $564,900
1.2%
Program Services $34,854,684
71.0%
Investment Income $56,074
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,635,417
27.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,138,087
9.1%
Assets/Debt
Total Assets $164,267,504
Total Liabilities $221,911,470
Net Assets -$57,643,966
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $402,000 $65,000
Philip Roberts (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Nov. 11, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,740,971
Expenses
$60,583,758
Net Income
-$842,787
Net Assets
-$50,022,159
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $50,856,031
85.1%
Investment Income $312,872
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,572,068
14.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,217,404
10.3%
Assets/Debt
Total Assets $198,151,938
Total Liabilities $248,174,097
Net Assets -$50,022,159
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $397,000 $65,000
Philip Roberts (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Nov. 16, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$104,726,527
Expenses
$115,335,490
Net Income
-$10,608,963
Net Assets
-$48,998,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,900,045
56.2%
Investment Income $355,315
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $45,471,167
43.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,184,119
7.1%
Assets/Debt
Total Assets $242,003,440
Total Liabilities $291,001,934
Net Assets -$48,998,494
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $352,000 $65,000
Philip Roberts (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Oct. 29, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$120,376,774
Expenses
$109,187,998
Net Income
$11,188,776
Net Assets
-$38,582,085
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,971,997
58.1%
Investment Income $145,017
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $50,259,760
41.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,419,460
8.6%
Assets/Debt
Total Assets $332,157,370
Total Liabilities $370,739,455
Net Assets -$38,582,085
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $352,000 $65,000
Philip Roberts (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Aug. 30, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,538,374
Expenses
$100,697,512
Net Income
-$15,159,138
Net Assets
-$49,099,116
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,300,000
5.0%
Program Services $80,169,316
93.7%
Investment Income $37,068
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,031,990
1.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $10,102,424
10.0%
Assets/Debt
Total Assets $409,848,431
Total Liabilities $458,947,547
Net Assets -$49,099,116
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $297,000 $65,000
Alan Swafford (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Aug. 29, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,564,762
Expenses
$92,716,799
Net Income
-$9,152,037
Net Assets
-$33,939,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $83,533,399
100.0%
Investment Income $31,363
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,589,660
10.3%
Assets/Debt
Total Assets $454,488,172
Total Liabilities $488,428,150
Net Assets -$33,939,978
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $497,000 $65,000
Alan Swafford (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Nov. 15, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,184,331
Expenses
$83,324,441
Net Income
-$4,140,110
Net Assets
-$12,102,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $79,159,511
100.0%
Investment Income $24,820
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $452,181,571
Total Liabilities $464,283,624
Net Assets -$12,102,053

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$61,689,852
Expenses
$65,340,046
Net Income
-$3,650,194
Net Assets
-$7,381,073
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $61,669,032
100.0%
Investment Income $20,820
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $349,700,792
Total Liabilities $357,081,865
Net Assets -$7,381,073
Compensation
Key Employees and Officers Compensation Related Other
Richard Hamlet (President) $0 $485,000 $0
Alan Swafford (Director) $0 $0 $0
Thomas Stovall (Director) $0 $0 $0

Document Links

990
Filed on Aug. 11, 2014

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

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,940,332
Expenses
$42,652,296
Net Income
-$1,711,964
Net Assets
-$3,620,143
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,917,512
99.9%
Investment Income $22,820
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $240,101,137
Total Liabilities $243,721,280
Net Assets -$3,620,143

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,707,053
Expenses
$27,444,715
Net Income
-$1,737,662
Net Assets
-$1,872,047
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,684,267
99.9%
Investment Income $22,786
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $167,263,047
Total Liabilities $169,135,094
Net Assets -$1,872,047

Document Links

990

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

PDF
PDF (2 of 2)

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.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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