FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC

EIN: 310986871 501(c)(3) Housing & Shelter

BEREA, KY

Total Revenue
$39,038,744
Total Expenses
$23,515,850
Total Assets
$159,138,006
Net Assets
$59,337,269
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
KY
Principal Officer
JIM KING
Phone
8599862321
Tax Period
2024-07-01 to 2025-06-30

FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.0M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.5M, a strong 40% operating margin.

Mission

FAHE MAKES A DIFFERENCE BY PROVIDING OPPORTUNITIES TO THE APPALACHIAN REGION, WHICH HAS HISTORICALLY BEEN ONE OF THE MOST IMPOVERISHED IN THE NATION. THESE OPPORTUNITIES POSITIVELY CHANGE THE LIVES OF OVER 80,000 INDIVIDUALS ANNUALLY BY CONNECTING OTHER NON-PROFITS, COMMUNITIES, AND INDIVIDUALS WITH THE RESOURCES THEY NEED TO CREATE BETTER LIVES. THESE RESOURCES INCLUDE FUNDING, PARTNERSHIP, EDUCATION, ADVOCACY, AND CONSULTING. OUR EFFORTS EMPOWER FAMILIES TO TAKE THE STEPS NEEDED TO BUY A HOME, START A BUSINESS, OR ACCESS ESSENTIAL SERVICES FOR THEIR COMMUNITIES. THE PRIMARY WAY IN WHICH FAHE IS ABLE TO SERVE THE REGION SO EFFECTIVELY IS DUE TO ITS MEMBERSHIP NETWORK. WITH 50+ LOCAL NON-PROFIT ORGANIZATIONS ACROSS 6 STATES SERVING AS BOOTS-ON-THE-GROUND COMMUNITY LIAISONS, FAHE IS ABLE TO LEVERAGE ITS EXPERTISE THROUGH LOCAL PARTNERS TO AFFECT CHANGE TO THOSE IN LOCATIONS WHERE TRADITIONAL MARKETS HAVE FAILED.

Program Service Accomplishments

Program 1
Expenses: $8,508,740 Revenue: $7,902,203

STRATEGIC PROGRAMS CONNECTS DIFFERENT ORGANIZATIONS TO SPECIALIZED RESOURCES THAT WILL HELP EXPAND THEIR PROJECTS AND IMPROVE THE QUALITY OF LIFE IN THEIR COMMUNITIES. THIS TEAM MANAGES GRANT FUNDED...

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STRATEGIC PROGRAMS CONNECTS DIFFERENT ORGANIZATIONS TO SPECIALIZED RESOURCES THAT WILL HELP EXPAND THEIR PROJECTS AND IMPROVE THE QUALITY OF LIFE IN THEIR COMMUNITIES. THIS TEAM MANAGES GRANT FUNDED PROGRAMS SUCH AS THE KENTUCKY ACCESS TO RECOVERY PROGRAM AND PARTNERS FOR RURAL TRANSFORMATION.

Program 2
Expenses: $3,735,878

COMMUNITY LENDING SERVICES - FAHE COUPLES A COMMUNITY LOAN FUND WITH OUTSTANDING LENDING EXPERTISE TO FACILITATE THE FLOW OF IMPACTFUL PRIVATE AND PUBLIC INVESTMENTS INTO HOUSING AND COMMUNITY...

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COMMUNITY LENDING SERVICES - FAHE COUPLES A COMMUNITY LOAN FUND WITH OUTSTANDING LENDING EXPERTISE TO FACILITATE THE FLOW OF IMPACTFUL PRIVATE AND PUBLIC INVESTMENTS INTO HOUSING AND COMMUNITY DEVELOPMENT PROJECTS ACROSS THE REGION.

Program 3
Expenses: $2,382,599

HOME LENDING - JCL IS A FULL-SERVICE MORTGAGE LENDER THAT STRENGTHENS COMMUNITIES BY CREATING SUCCESSFUL HOMEOWNERS. JUSTCHOICE WAS THE FIRST NONPROFIT THIRD PARTY ORIGINATOR FOR FREEDOM AND HAS BEEN...

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HOME LENDING - JCL IS A FULL-SERVICE MORTGAGE LENDER THAT STRENGTHENS COMMUNITIES BY CREATING SUCCESSFUL HOMEOWNERS. JUSTCHOICE WAS THE FIRST NONPROFIT THIRD PARTY ORIGINATOR FOR FREEDOM AND HAS BEEN INSTRUMENTAL IN CREATING A NATIONAL NONPROFIT PACKAGING SYSTEM FOR USDA RURAL DEVELOPMENT 502 DIRECT LOANS. JCL IS A FANNIE/FREDDIE SELLER/SERVICER AS WELL ALLOWING RURAL REGIONS TO ACCESS CAPITAL THAT COULD BE UNAVAILABLE FROM OTHER LENDERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $30,366,397
Program Service Revenue $7,897,319
Investment Income $770,144
Other Revenue $4,884
TOTAL REVENUE $39,038,744

Expense Breakdown

Grants Paid $8,431,054
Salaries & Benefits $9,315,254
Fundraising Expenses $1,183,975
Program Expenses $21,641,450
Other Expenses $5,769,542
TOTAL EXPENSES $23,515,850

Year-over-Year Comparison

2024 2023 Change
Revenue $39,038,744 $22,418,734 +0.7%
Expenses $23,515,850 $21,434,216 +0.1%
Net Income $15,522,894 $984,518 +14.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$1,204,889
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM DICKSON AT LARGE SEAT 1.00
Director
$0 $0 $0
BRYAN PHIPPS VA CAUCUS REPRESENTATIVE 1.00
Director
$0 $0 $0
DANA BEZERRA AT LARGE SEAT 1.00
Director
$0 $0 $0
DAVE CLARK WV CAUCUS REPRESNTATIVE 1.00
Director
$0 $0 $0
DONNA GAMBRELL AT LARGE SEAT 1.00
Director
$0 $0 $0
JACKIE MAYO CHAIRPERSON OF BOARD, TN C 1.00
Officer Director
$0 $0 $0
JAKE POWELL 2ND VICECHAIR VA CAUCUS RE 1.00
Director
$0 $0 $0
JEFF MOSLEY AT LARGE SEAT 1.00
Director
$0 $0 $0
KATE SOMMERS WV CAUCUS REPRESNTATIVE 1.00
Director
$0 $0 $0
LINDY TURNER TN CAUCUS REPRESENTATIVE 1.00
Director
$0 $0 $0
LUKE SHAEFER AT LARGE SEAT 1.00
Director
$0 $0 $0
MARY ELLEN JUDAH AL CAUCUS REPRESENTATIVE 1.00
Director
$0 $0 $0
SCOTT MCREYNOLDS VICE CHAIRPERSON OF BOARD 1.00
Officer Director
$0 $0 $0
SETH LONG KY CAUCUS REPRESENTATIVE 1.00
Director
$0 $0 $0
TIM THRASHER AL CAUCUS REPRESENTATIVE 1.00
Director
$0 $0 $0
BRITTNEY MURPHY CFO AND TREASURER 40.00
Officer
$143,127 $14,767 $157,894
FARAH AHMAD PRES OF PARTNERS FOR RURAL TRANS 40.00
Officer
$26,521 $26 $26,547
JENNIFER CERECEDES EVP 40.00
Officer
$123,211 $15,047 $138,258
JESSICA ESTES SECRETARY OF BOARD 40.00
Officer
$67,730 $10,425 $78,155
JIM KING CEO AND PRESIDENT OF BOARD 40.00
Officer
$256,273 $44,837 $301,110
LAURA MEADOWS VICE PRESIDENT OF BOARD 40.00
Officer
$141,465 $9,665 $151,130
LINA PAGE EVP 40.00
Officer
$113,166 $6,042 $119,208
SARA MORGAN PRESIDENT OF FAHE, VICE PR 40.00
Officer
$197,892 $34,695 $232,587
DWAIN NEELEY VP OF COMMUNITY LENDING 40.00
Highest
$107,830 $5,030 $112,860
NORMA EDWARDS DIRECTOR OF HUMAN RESOURCES 40.00
Highest
$126,450 $8,557 $135,007
PAM JOHNSON SVP OF INNOVATION 40.00
Highest
$140,178 $16,021 $156,199
ROSALYN LAWSON SENIOR VICE PRESIDENT OF SINGLE FAMILY LENDING 40.00
Highest
$106,715 $11,449 $118,164
RUSSELL J ESTRIDGE SVP OF DEVELOPMENT 40.00
Highest
$123,703 $15,359 $139,062
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $39,038,744 $23,515,850 $159,138,006 $15,522,894
2024 $22,418,734 $21,434,216 $120,890,390 $984,518
2023 $24,889,054 $19,640,867 $114,989,190 $5,248,187
2022 $18,063,408 $12,731,295 $106,776,784 $5,332,113
2021 $12,528,691 $11,254,111 $96,510,437 $1,274,580
2020 $12,909,581 $12,181,369 $77,358,060 $728,212
2019 $7,883,995 $7,877,156 $70,188,909 $6,839
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