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Atlantic Housing Foundation 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 Rehabilitation (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$98M (2022)

Expenses
$106M (2022)

Total Assets
$541M (2022)

Total Liabilities
$626M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$98,028,406
Expenses
$106,224,237
Net Income
-$8,195,831
Net Assets
-$85,047,171
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $90,755,060
92.6%
Investment Income $2,250,791
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,022,555
5.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,432,851
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,177,153
2.0%
Assets/Debt
Total Assets $540,951,595
Total Liabilities $625,998,766
Net Assets -$85,047,171
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Nguyen (President & Ceo) $985,902 $0 $6,346
Kent Foster (Dir Of Dev & Acq) $306,925 $0 $3,941
Wilfredo Saqueton (Cfo, Scty,Treas) $283,506 $0 $7,568
Mary Jackson (Dir Property Mgmt) $198,264 $0 $5,824
Mathew Stubbing (Sr Lihtc Developer) $164,147 $0 $6,033
Shelia Maness (Dir Human Resource) $157,585 $0 $6,033
Evan Nance (Controller) $144,436 $0 $6,062
Daniel French (Trustee) $114,586 $0 $0
Jeffrey Dove (Low Income Rep) $15,000 $0 $0
Ruth Ann Mc Niel (Low Income Rep) $12,500 $0 $0
Richard Whaley (Trustee) $10,000 $0 $0
Michael Duffy (Chairman) $10,000 $0 $0
Alan Naul (Trustee) $10,000 $0 $0
Rachel Hayden (Trustee) $10,000 $0 $0
Amanda Popken (Low Income Rep) $10,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$103,755,815
Expenses
$103,009,523
Net Income
$746,292
Net Assets
-$76,936,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,002,277
2.9%
Program Services $87,155,004
84.0%
Investment Income $914,556
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,683,978
12.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,593,914
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,756,678
2.7%
Assets/Debt
Total Assets $500,012,699
Total Liabilities $576,949,019
Net Assets -$76,936,320
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Nguyen (President & Ceo) $1,156,709 $4,411 $14,056
Kent Foster (Dir Of Dev & Acq) $360,974 $0 $7,267
Wilfredo Saqueton (Cfo, Scty,Treas) $310,035 $0 $8,807
Bryan Market (Dir Construction) $166,604 $0 $60
Shelia Maness (Dir Human Resource) $152,311 $0 $2,478
Mary Jackson (Dir Property Mgmt) $144,312 $0 $2,120
Evan Nance (Controller) $142,590 $0 $5,577
Robert Lumpris (Developer) $107,879 $0 $6,574
Daniel French (Chairman) $7,500 $5,879 $0
Rev Jeffrey Dove (Low Income Rep) $7,500 $0 $0
Richard Whaley (Trustee) $7,500 $0 $0
Michael Duffy (Trustee) $7,500 $0 $0
Alan Naul (Trustee) $7,500 $0 $0
Rachel Hayden (Trustee) $7,500 $0 $0
Ruth Ann Mc Neil (Low Income Rep) $5,000 $0 $0
Amanda Popken (Low Income Rep) $2,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$148,610,400
Expenses
$93,995,028
Net Income
$54,615,372
Net Assets
-$77,512,612
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $76,645,272
51.6%
Investment Income $576,330
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $71,388,798
48.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,651,193
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,166,033
2.3%
Assets/Debt
Total Assets $523,695,373
Total Liabilities $601,207,985
Net Assets -$77,512,612
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Nguyen (President & Ceo) $1,235,709 $0 $14,130
Kent Foster (Dir Of Dev And Acq) $410,786 $0 $7,238
Wilfredo Saqueton (Cfo, Scty,Treas) $328,930 $0 $9,504
Bryan Market (Dir Construction) $202,337 $0 $35
Daniel French (Chairman) $190,356 $0 $0
Russell Arthur (Construction Mgr) $160,427 $0 $6,427
Robert Lumpris (Developer) $133,934 $0 $7,184
Belinda Solis (Asso.Dir Ops) $133,223 $0 $14,661
Richard Whaley (Trustee) $6,000 $0 $0
Michael Duffy (Trustee) $6,000 $0 $0
Alan Naul (Trustee) $6,000 $0 $0
Rev Jeffrey Dove (Low Income Rep) $5,000 $0 $0
Rachel Hayden (Trustee) $5,000 $0 $0
James Salaiz (Low Income Rep) $5,000 $0 $0
Ruth Ann Mc Neil (Low Income Rep) $2,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$101,104,174
Expenses
$96,771,729
Net Income
$4,332,445
Net Assets
-$131,957,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,204,965
76.4%
Investment Income $778,001
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $23,121,208
22.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,762,292
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,860,200
1.9%
Assets/Debt
Total Assets $554,431,677
Total Liabilities $686,389,661
Net Assets -$131,957,984
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Daniel French (Chairman) $1,487,060 $0 $0
Michael Nguyen (President & Ceo) $1,281,072 $0 $13,732
Kent Foster (Dir Of Dev And Acq) $357,906 $0 $7,463
Wilfredo Saqueton (Cfo, Scty,Treas) $287,137 $0 $12,220
Heather Baker (Asst.Dir Ops) $143,014 $0 $2,449
Brenda Solis (Asso.Dir Ops) $133,223 $0 $10,375
Russell Arthur (Construction Mgr) $125,740 $0 $5,788
Russell Richardson (Dir Of Operations) $118,718 $0 $7,031
Rosa E Hernandez (Low Income Rep) $18,791 $0 $0
Amy Dodds (Low Income Rep) $4,911 $0 $0
Patricia Gulley (Low Income Rep) $4,702 $0 $0
Richard Whaley (Trustee) $2,000 $0 $0
Mike Duffy (Trustee) $2,000 $0 $0
Alan Naul (Trustee) $2,000 $0 $0
Raj Menon (Trustee) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,025,066
Expenses
$68,244,258
Net Income
-$3,219,192
Net Assets
-$125,806,316
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $64,632,401
99.4%
Investment Income $392,665
0.6%
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 $3,855,129
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $878,270
1.3%
Assets/Debt
Total Assets $464,184,556
Total Liabilities $589,990,872
Net Assets -$125,806,316
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Nguyen (President & Ceo) $1,329,444 $0 $20,967
Daniel French (Chairman/Evp) $995,521 $0 $1,033
Elizabeth W Snyder (Secretary) $494,536 $0 $8,331
Kent Foster (Dir Of Dev And Acq) $395,491 $0 $60
Russell L Richardson (Dir. Of Operations) $239,511 $0 $14,196
Janine Krivejko (Regional Manager) $129,386 $0 $566
Debra A Manookian (Controller) $105,612 $0 $7,856
Belinda Solis (Compliance Manager) $102,465 $0 $8,673
Wilfredo F Saqueton (Sec, Treas, Cfo) $63,163 $0 $986
Patricia Gulley (Low Income Rep) $0 $0 $0
Amy Dodds (Low Income Rep) $0 $0 $0
Richard Whaley (Trustee) $0 $0 $0
Alton Jones (Trustee) $0 $0 $0
Raj Menon (Trustee) $0 $0 $0
Robert Heard (Low Income Rep) $0 $0 $0
Scottie Smith (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,041,444
Expenses
$67,932,262
Net Income
$18,109,182
Net Assets
-$122,417,124
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $85,962,437
99.9%
Investment Income $79,007
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 $2,037,351
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $628,471
0.9%
Assets/Debt
Total Assets $235,622,325
Total Liabilities $358,039,449
Net Assets -$122,417,124
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Nguyen (President & Ceo) $1,151,446 $0 $21,203
Daniel French (Chairman/Evp) $373,464 $0 $1,033
Elizabeth W Snyder (Secretary) $259,633 $0 $7,483
Russell L Richardson (Dir. Of Operations) $252,808 $0 $8,133
Patricia Gulley (Low Income Rep) $0 $0 $0
Amy Dodds (Low Income Rep) $0 $0 $0
Richard Whaley (Trustee) $0 $0 $0
Alton Jones (Trustee) $0 $0 $0
Raj Menon (Trustee) $0 $0 $0
Robert Heard (Low Income Rep) $0 $0 $0
Scottie Smith (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,862,186
Expenses
$65,889,333
Net Income
$972,853
Net Assets
-$140,356,306
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,721,674
2.6%
Program Services $63,921,142
95.6%
Investment Income $40,404
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,178,966
1.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,237,353
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $700,086
1.1%
Assets/Debt
Total Assets $221,693,784
Total Liabilities $362,050,090
Net Assets -$140,356,306
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Nguyen (President & Ceo) $521,882 $0 $19,253
Daniel French (Chairman/Evp) $193,459 $0 $10,031
Russell L Richardson (Dir. Of Operations) $192,865 $0 $6,749
Steven J Le Clere (Developer) $173,538 $0 $0
Elizabeth W Snyder (Secretary) $135,471 $0 $8,964
Joann Gonzalez (Low Income Rep) $0 $0 $0
Tem Lawal (Low Income Rep) $0 $0 $0
Richard Whaley (Trustee) $0 $0 $0
Alton Jones (Trustee) $0 $0 $0
Raj Menon (Trustee) $0 $0 $0
Robert Heard (Low Income Rep) $0 $0 $0
Scottie Smith (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,370,121
Expenses
$64,430,416
Net Income
-$2,060,295
Net Assets
-$140,774,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $61,667,861
98.9%
Investment Income $22,837
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $679,423
1.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,008,686
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $823,736
1.3%
Assets/Debt
Total Assets $223,564,974
Total Liabilities $364,339,223
Net Assets -$140,774,249
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Nguyen (President & Ceo) $598,125 $0 $17,864
Daniel French (Chairman/Evp) $216,731 $0 $12,321
Elizabeth W Snyder (Secretary) $153,577 $0 $5,068
Joann Gonzalez (Low Income Rep) $0 $0 $0
Carolina Lopez (Low Income Rep) $0 $0 $0
Richard Whaley (Trustee) $0 $0 $0
Alton Jones (Trustee) $0 $0 $0
Raj Menon (Trustee) $0 $0 $0
Robert Heard (Low Income Rep) $0 $0 $0
Scottie Smith (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,886,807
Expenses
$65,182,979
Net Income
$32,703,828
Net Assets
-$139,931,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $97,320,129
99.4%
Investment Income $10,841
0.0%
Bond Proceeds $0
Royalties $36,936
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $518,901
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $882,395
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $586,853
0.9%
Assets/Debt
Total Assets $225,774,098
Total Liabilities $365,705,175
Net Assets -$139,931,077

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,916,276
Expenses
$69,523,929
Net Income
-$5,607,653
Net Assets
-$176,191,083
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,636,751
99.6%
Investment Income $16,698
0.0%
Bond Proceeds $0
Royalties $19,952
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $242,875
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $841,257
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $654,969
0.9%
Assets/Debt
Total Assets $242,249,297
Total Liabilities $418,440,380
Net Assets -$176,191,083

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,024,599
Expenses
$70,174,771
Net Income
-$11,150,172
Net Assets
-$173,532,715
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $59,761,210
> 100%
Investment Income $14,510
0.0%
Bond Proceeds $0
Royalties $51,277
0.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$802,398
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $934,792
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $674,107
1.0%
Assets/Debt
Total Assets $246,762,863
Total Liabilities $420,295,578
Net Assets -$173,532,715

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,633,812
Expenses
$68,832,119
Net Income
-$16,198,307
Net Assets
-$164,610,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $51,000,224
96.9%
Investment Income $35,280
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,586,166
3.0%
Net Inventory Sales $0
Other Revenue $12,142
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $740,010
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $549,259
0.8%
Assets/Debt
Total Assets $259,661,427
Total Liabilities $424,271,610
Net Assets -$164,610,183

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.

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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