SOUTHEAST AFFORDABLE HOUSING ADMINISTRATION

EIN: 871585865 501(c)(3) Housing & Shelter

GREENVILLE, SC

Total Revenue
$815,806
Total Expenses
$591,854
Total Assets
$224,903
Net Assets
$223,143
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SC
Principal Officer
DELORES BROWN
Phone
8644230028
Tax Period
2023-01-01 to 2023-12-31

SOUTHEAST AFFORDABLE HOUSING ADMINISTRATION, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $816K in total revenue in fiscal year 2023. The organization ran a surplus of $224K, a strong 27% operating margin.

Mission

THIS MISSION OF THE SOUTHEAST AFFORDABLE HOUSING ADMINISTRATION (SAHA) IS TO PRESERVE AND PROMOTE DECENT, SAFE, AND SANITARY AFFORDABLE AND WORKFORCE HOUSING FOR LOW- AND VERY LOW-INCOME FAMILIES IN THE SOUTHEASTERN UNITED STATES BY FORMING STRATEGIC PARTNERSHIPS WITH AFFORDABLE AND WORKFORCE HOUSING OWNERS AND LEVERAGING TAX ABATEMENTS IN EXCHANGE FOR MAINTAINING OR LOWERING RENT LEVELS.

Program Service Accomplishments

Program 1
Expenses: $336,988 Revenue: $815,731

SAHA HAS PARTNERED TO IMPLEMENT TAX ABATEMENTS FOR ABOUT 1,800 UNITS IN SOUTH CAROLINA (SC) AND HAS ANOTHER 4,200 UNITS IN VARIOUS STAGES OF APPLICATION IN NORTH CAROLINA (NC) AND SC. ADDITIONALLY...

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SAHA HAS PARTNERED TO IMPLEMENT TAX ABATEMENTS FOR ABOUT 1,800 UNITS IN SOUTH CAROLINA (SC) AND HAS ANOTHER 4,200 UNITS IN VARIOUS STAGES OF APPLICATION IN NORTH CAROLINA (NC) AND SC. ADDITIONALLY, SAHA HAS RECEIVED ABATEMENTS FOR JUST SHY OF 30 SEPARATE PROPERTIES, TOTALING OVER 1,770 UNITS IN SC.

Program 2
Expenses: $51,845

SAHA ENTERED INTO ITS FIRST STRATEGIC PARTNERSHIP THAT WILL IMPACT THE LIVES OF THE TENANTS AT OUR VARIOUS PARTNER PROPERTIES. THE PARTNERSHIP BETWEEN SAHA AND ESUSU REPRESENTS A STRATEGIC...

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SAHA ENTERED INTO ITS FIRST STRATEGIC PARTNERSHIP THAT WILL IMPACT THE LIVES OF THE TENANTS AT OUR VARIOUS PARTNER PROPERTIES. THE PARTNERSHIP BETWEEN SAHA AND ESUSU REPRESENTS A STRATEGIC COLLABORATION AIMED AT ENHANCING FINANCIAL STABILITY AND CREDIT-BUILDING OPPORTUNITIES FOR RESIDENTS WITHIN SAHA'S HOUSING COMMUNITIES. THROUGH THIS PARTNERSHIP, ESUSU PROVIDES INNOVATIVE SERVICES SUCH AS RENT REPORTING TO MAJOR CREDIT BUREAUS, ENABLING RESIDENTS TO IMPROVE THEIR CREDIT SCORES BY REPORTING ON-TIME RENT PAYMENTS. THIS COLLABORATION ALIGNS WITH SAHA'S MISSION TO SUPPORT AFFORDABLE HOUSING AND EMPOWER RESIDENTS BY LEVERAGING DATA-DRIVEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH GAP.

Program 3
Expenses: $129,611

TO BETTER SERVICE OUR PARTNERS AND THEIR TENANTS, SAHA GREW ITS TEAM WITH THE ADDITION OF LAURA PINEROS AS OUR NEW PROGRAM MANAGER. LAURA BRINGS A WEALTH OF EXPERIENCE IN MULTIFAMILY LOAN PROCESSING...

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TO BETTER SERVICE OUR PARTNERS AND THEIR TENANTS, SAHA GREW ITS TEAM WITH THE ADDITION OF LAURA PINEROS AS OUR NEW PROGRAM MANAGER. LAURA BRINGS A WEALTH OF EXPERIENCE IN MULTIFAMILY LOAN PROCESSING AND AFFORDABLE HOUSING COMPLIANCE. HER METICULOUS ATTENTION TO DETAIL AND STRONG BACKGROUND IN LEGAL FRAMEWORKS MAKE HER AN INVALUABLE ASSET TO OUR ORGANIZATION. LAURA IS WELL-EQUIPPED TO NAVIGATE THE COMPLEXITIES OF AFFORDABLE HOUSING REGULATIONS AND SUPPORT SAHA'S MISSION OF FOSTERING AFFORDABLE HOUSING. HER DEDICATION TO EXCELLENCE AND COMMUNITY ENGAGEMENT WILL DRIVE SAHA'S CONTINUED SUCCESS IN EXPANDING ACCESS TO AFFORDABLE HOUSING.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $815,814
Investment Income $155
Other Revenue $-163
TOTAL REVENUE $815,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,220
Fundraising Expenses $0
Program Expenses $518,444
Other Expenses $522,634
TOTAL EXPENSES $591,854

Year-over-Year Comparison

2023 2022 Change
Revenue $815,806 $-28 -29136.9%
Expenses $591,854 N/A N/A
Net Income $223,952 $-28 -7999.3%
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
4
Independent Members
4
Employees
1
Volunteers
5

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
$59,220
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE MOSELY BOARD MEMBER 4.00
Director
$0 $0 $0
CYRIL OKADIGWE BOARD MEMBER 4.00
Director
$0 $0 $0
VIVIAN WILLIAMS SECRETARY 7.00
Officer Director
$0 $0 $0
DAPHANIE EVANS TREASURER 7.00
Officer Director
$0 $0 $0
DELORES A BROWN EXECUTIVE DIRECTOR 40.00
Officer
$59,220 $0 $59,220
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
2024 No data No data No data No data
2023 $815,806 $591,854 $224,903 $223,952
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