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 |
Form 990 filings
The returns filed by Foundation for Affordable Rental Housing Holdings Inc (EIN 20-2563055), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $337,500 | 1% |
| Program service revenue | $44,944,180 | 70% |
| Other revenue | $18,828,679 | 29% |
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 70% 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 379 Housing & Shelter organizations in GA.
- Total revenue was the highest among 406 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.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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 | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Apf Support Inc — Atlanta, GA · $49,997,543
- Community Housing Capital Inc — Decatur, GA · $17,761,227
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.