CARMEL, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AFFORDABLE HOUSING PARTNERS INC, founded in 1996, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.7M in total revenue in fiscal year 2023. Revenue surged 255% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.4M, a strong 44% operating margin.
THE CORPORATION'S CHARITABLE PURPOSES INCLUDE DEVELOPING OR FACILITATING THE DEVELOPMENT OF AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES. SEE THE PROGRAM SERVICE ACCOMPLISHMENTS FOR A DETAILED LIST OF COMMUNITIES OWNED.
THE CORPORATION DEVELOPED, OWNS AND OPERATES FIFTEEN AFFORDABLE HOUSING COMMUNITIES. KNOLLWOOD APARTMENTS IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN HAMILTON, OHIO, AND CRYSTAL GLEN APARTMENTS...
THE CORPORATION DEVELOPED, OWNS AND OPERATES FIFTEEN AFFORDABLE HOUSING COMMUNITIES. KNOLLWOOD APARTMENTS IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN HAMILTON, OHIO, AND CRYSTAL GLEN APARTMENTS, PHASE II IS A 64 UNIT APARTMENT COMMUNITY LOCATED IN FINDLAY, OHIO. KNOLLWOOD APARTMENTS WAS SOLD IN 2023. THE PURCHASER ENTERED INTO A SELLER NOTE WITH THE CORPORATION. AUTUMN WOODS APARTMENTS AND AUTUMN WOODS II APARTMENTS ARE BOTH 96 UNIT APARTMENT COMMUNITIES LOCATED CONTIGUOUS TO EACH OTHER IN CRAWFORDSVILLE, INDIANA. MILL RUN IS A 200 UNIT APARTMENT COMMUNITY LOCATED IN COLUMBIA, SOUTH CAROLINA. LANDINGS OF GASTONIA APARTMENT HOMES IS A 156 UNIT APARTMENT COMMUNITY IN GASTONIA, NORTH CAROLINA. THE BLUFFS APARTMENT HOMES IS A 144 UNIT APARTMENT COMMUNITY LOCATED IN SPARTANBURG, SOUTH CAROLINA. WOODWINDS APARTMENT HOMES IS A 144 UNIT APARTMENT COMMUNITY LOCATRED IN GREENVILLE, SOUTH CAROLINA. BROAD RIVER VILLAGE APARTMENTS IS A 160 UNIT APARTMENT COMMUNITY AND BROAD RIVER VILLAGE II APARTMENTS IS A 120 UNIT APARTMENT COMMUNITY. THEY ARE LOCATED CONTIGUOUS TO EACH OTHER IN BEAUFORT, SOUTH CAROLINA. BROAD RIVER VILLAGE L.P. OWNS BROAD RIVER VILLAGE APARTMENTS. THE CORPORATION IS THE 100% OWNER OF AHP-BROAD RIVER, LLC. AHP-BROAD RIVER, LLC IS THE GENERAL PARTNER OF BROAD RIVER VILLAGE L.P. AND HAS TOTAL OWNERSHIP IN THIS ENTITY OF .0083%. BROAD RIVER VILLAGE II IS OWNED BY PORT ROYAL, I LLC WHOSE SOLE MEMBER IS THE CORPORATION. THE CORPORATION HAS 4.99% OWNERSHIP IN SPARTANBURG-CROWN POINTE, LLC AND ROCK HILL SI, LLC. THESE ENTITIES OWN CROWN POINTE APARTMENT HOMES (A 241 UNIT APARTMENT COMMUNITY IN SPARTANBURG, SOUTH CAROLINA) AND STONE HAVEN POINTE APARTMENTS (A 264 UNIT APARTMENT COMMUNITY IN ROCK HILL, SOUTH CAROLINA) RESPECTIVELY. THE CORPORATION HAD 99.99% OWNERSHIP IN PEDCOR INVESTMENTS-2020-CLXXX, L.P. THIS PARTNERSHIP INTEREST WAS SOLD IN 2023. PEDCOR INVESTMENTS-2020-CLXXX, L.P. OWNS MILL STREAM APARTMENT HOMES WHICH IS A 240 UNIT APARTMENT COMMUNITY IN MCKINNEY, TEXAS. HAWTHORN SPRINGS APARTMENT HOMES IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN COLUMBIA, SOUTH CAROLINA. SILVER STATION APARTMENTS IS A 240 UNIT APARTMENT COMMUNITY LOCATED IN COLUMBIA, SOUTH CAROLINA. THE CORPORATION ALSO FORMED THE INCLUSIVITIY INSTITUTE TO FURTHER ITS CHARITABLE PURPOSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $39,741,003 | $11,200,231 | +2.5% |
| Expenses | $22,303,501 | $12,603,664 | +0.8% |
| Net Income | $17,437,502 | $-1,403,433 | -13.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRUCE A CORDINGLEY | PRESIDENT | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| TIM MARSHALL | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| DAVID MARAMAN | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| BRIAN CHAFFIN | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL SUTTON | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| PHILLIP J STOFFREGEN | EXECUTIVE VICE PRESIDENT | 0.50 |
Officer
|
$0 | $0 | $0 |
| MAUREEN M HOUGLAND | VP AND SECRETARY | 0.50 |
Officer
|
$0 | $0 | $0 |
| DOUGLAS BOGGS | TREASURER | 0.50 |
Officer
|
$0 | $0 | $0 |
| SHURON AGNEW | VICE PRESIDENT | 0.50 |
Officer
|
$0 | $0 | $0 |
| KATHLEEN LARA | EXEC DIRECTOR - INCLUSIVIT | 40.00 |
Highest
|
$130,615 | $1,959 | $132,574 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $39,741,003 | $22,303,501 | $337,894,503 | $17,437,502 |
| 2022 | $11,200,231 | $12,603,664 | $238,276,923 | $-1,403,433 |
| 2021 | $9,214,618 | $9,997,034 | $150,650,716 | $-782,416 |
| 2020 | $5,998,918 | $6,468,480 | $60,353,720 | $-469,562 |
| 2019 | $4,151,510 | $4,308,557 | $20,405,949 | $-157,047 |
| 2018 | $3,989,697 | $4,338,128 | $21,022,126 | $-348,431 |
Compare AFFORDABLE HOUSING PARTNERS INC with other nonprofits in Indiana and across the country.