AFFORDABLE HOUSING INVESTORS COUNCIL

EIN: 742761790

LEESBURG, VA

Total Revenue
$836,464
Total Expenses
$623,925
Total Assets
$1,001,777
Net Assets
$789,642
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
DE
Principal Officer
VIHAR SHETH
Phone
5712930998
Tax Period
2025-01-01 to 2025-12-31

AFFORDABLE HOUSING INVESTORS COUNCIL, founded in 1995, is a small nonprofit that reported $445K in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $381K left a modest 14% surplus.

Mission

AFFORDABLE HOUSING INVESTORS COUNCIL SEEKS TO PRESERVE AND STRENGTHEN THE LOW-INCOME HOUSING TAX CREDIT AS AN EFFECTIVE TOOL FOR THE DEVELOPMENT OF AFFORDABLE HOUSING. TO ACCOMPLISH THIS, WE PROVIDE EDUCATIONAL OPPORTUNITIES AND A FORUM FOR SHARING INFORMATION TO OUR INVESTOR MEMBERS, AND CREATE INDUSTRY BEST PRACTICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $825,688
Investment Income $10,776
Other Revenue $0
TOTAL REVENUE $836,464

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $528,585
Other Expenses $623,925
TOTAL EXPENSES $623,925

Year-over-Year Comparison

2025 2024 Change
Revenue $836,464 $633,544 +0.3%
Expenses $623,925 $552,291 +0.1%
Net Income $212,539 $81,253 +1.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
75

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIHAR SHETH PRESIDENT 1.00
Officer
$0 $0 $0
LEIGH ANN MERCHANT VICE PRESIDE 1.00
Officer
$0 $0 $0
KERSTIN PALMER TREASURER 1.00
Officer
$0 $0 $0
LENORE GORDON SECRETARY 1.00
Officer
$0 $0 $0
NEAL DRUMM GOVERNOR 1.00
Director
$0 $0 $0
AMY FARRELL GOVERNOR 1.00
Director
$0 $0 $0
JACK HODGKINS GOVERNOR 1.00
Director
$0 $0 $0
KEITT KING GOVERNOR 1.00
Director
$0 $0 $0
ELISA LASS GOVERNOR 1.00
Director
$0 $0 $0
MICHELLE LEMEROND GOVERNOR 1.00
Director
$0 $0 $0
SUSAN MALYSA GOVERNOR 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 $836,464 $623,925 $1,001,777 $212,539
2024 $633,544 $552,291 $671,118 $81,253
2023 $510,526 $594,269 $586,494 $-83,743
2022 $470,625 $464,843 $693,332 $5,782
2021 $389,000 $307,422 $682,379 $81,578
2020 $275,492 $261,869 $562,046 $13,623
2019 $435,820 $391,308 $539,627 $44,512
2018 $444,898 $380,680 $487,939 $64,218
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