FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC
3330 CUMBERLAND BLVD SE STE 1000, ATLANTA, GA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $64,110,359 | $92,733,499 | $447,608,714 |
| FY2023 | $569,587,470 | $135,307,439 | $476,231,490 |
| FY2022 | $113,440,418 | $163,878,993 | $41,951,817 |
| FY2021 | $238,155,388 | $122,650,359 | $92,390,774 |
| FY2020 | $79,328,342 | $81,026,785 | -$23,114,094 |
| FY2019 | $44,094,192 | $62,349,273 | -$21,415,575 |
| FY2018 | $42,757,841 | $48,202,455 | -$3,160,480 |
| FY2017 | $33,496,857 | $44,940,605 | $2,284,134 |
| FY2016 | $31,132,744 | $27,322,100 | $13,727,882 |
| FY2015 | $15,865,155 | $14,772,849 | $9,917,238 |
| FY2014 | $11,568,904 | $2,741,661 | $8,827,243 |
| FY2013 | $0 | $311 | $0 |
| FY2012 | $1,448,519 | $954,034 | -$1,752,005 |
| FY2011 | $530,038 | $898,283 | -$2,246,490 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $337,500 | 1% |
| Program service revenue | $44,944,180 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $92,733,499 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 96.8% of 929 Housing & Shelter organizations nationwide (too few in GA for a state comparison).
- Net assets covered about 57.9 months of expenses at the end of the reporting year. That puts it in the 81st percentile among 378 Housing & Shelter organizations in GA.
- Total revenue was higher than 100% of 405 Housing & Shelter organizations in GA.
- Total revenue rose from $530,038 in FY2011 to $64,110,359 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2011, FY2013, FY2017, FY2018, FY2019, FY2020, FY2022, FY2024).
- The highest revenue on record here is $569,587,470 in FY2023.
- Net assets grew from -$2,246,490 to $447,608,714 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDE LOW INCOME HOUSING
IRS status
| Ruling year | 2005 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L20 — Housing & Shelter |
| Donations | Donations are generally tax-deductible (public charity). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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