AUSTIN AFFORDABLE HOUSING CORPORATION

EIN: 412121187 501(c)(3) Housing & Shelter

AUSTIN, TX

Total Revenue
$46,613,937
Total Expenses
$31,682,743
Total Assets
$237,521,248
Net Assets
$147,165,012
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TX
Principal Officer
RON KOWAL
Phone
5124774488
Tax Period
2024-04-01 to 2025-03-31

AUSTIN AFFORDABLE HOUSING CORPORATION, founded in 2003, is a mid-sized nonprofit in the Housing & Shelter sector that reported $46.6M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.9M, a strong 32% operating margin.

Mission

TO ENSURE AND PRESERVE QUALITY, AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- TO MODERATE-INCOME FAMILIES IN AUSTIN AS WELL AS PROVIDE FINANCIAL LITERACY AND HOMEOWNERSHIP OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $21,586,499 Revenue: $41,537,949

PROVIDES SOCIAL AND HUMAN SUPPORT SERVICES, SUCH AS EDUCATIONAL PROGRAMS, TRAINING PROGRAMS, AND FAMILY COUNSELING IN ORDER TO PROMOTE THE HEALTH AND WELFARE OF ITS RESIDENTS AND A DOWN PAYMENT...

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PROVIDES SOCIAL AND HUMAN SUPPORT SERVICES, SUCH AS EDUCATIONAL PROGRAMS, TRAINING PROGRAMS, AND FAMILY COUNSELING IN ORDER TO PROMOTE THE HEALTH AND WELFARE OF ITS RESIDENTS AND A DOWN PAYMENT ASSISTANCE PROGRAM TO ASSIST FIRST-TIME HOMEBUYERS WHO ARE RESIDENTS OF PUBLIC HOUSING OR THE HOUSING CHOICE VOUCHER PROGRAM.

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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 $0
Program Service Revenue $41,537,949
Investment Income $4,534,294
Other Revenue $541,694
TOTAL REVENUE $46,613,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,773,834
Fundraising Expenses $0
Program Expenses $21,586,499
Other Expenses $27,908,909
TOTAL EXPENSES $31,682,743

Year-over-Year Comparison

2024 2023 Change
Revenue $46,613,937 $34,708,843 +0.3%
Expenses $31,682,743 $26,373,372 +0.2%
Net Income $14,931,194 $8,335,471 +0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$250,968
Total Directors
8
$250,968
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON KOWAL VICE PRESIDE 8.00
Officer Director
$0 $0 $250,968
MARY APOSTOLOU DIRECTOR 1.00
Director
$0 $0 $0
CHARLES BAILEY DIRECTOR 1.00
Director
$0 $0 $0
EDWINA CARRINGTON DIRECTOR 1.00
Director
$0 $0 $0
BARBARA CHEN TREASURER 2.00
Officer Director
$0 $0 $0
TYRA DUNCAN-HALL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GERBER PRESIDENT/SE 2.00
Officer Director
$0 $0 $0
CARL RICHIE JR DIRECTOR 1.00
Director
$0 $0 $0
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 $46,613,937 $31,682,743 $237,521,248 $14,931,194
2024 $34,708,843 $26,373,372 $222,216,659 $8,335,471
2023 $61,957,926 $30,898,966 $216,507,483 $31,058,960
2022 $40,972,198 $24,514,181 $189,492,836 $16,458,017
2021 $33,564,030 $27,604,169 $177,962,778 $5,959,861
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