Affordable Housing Partners Inc
770 3rd Ave SW, Carmel, IN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $36,559,272 | $25,803,877 | $66,655,167 |
| FY2023 | $39,741,003 | $22,303,501 | $24,874,416 |
| FY2022 | $11,200,231 | $12,603,664 | $3,137,218 |
| FY2021 | $9,214,618 | $9,997,034 | -$4,159,766 |
| FY2020 | $5,998,918 | $6,468,480 | -$5,084,495 |
| FY2019 | $4,151,510 | $4,308,557 | -$5,411,375 |
| FY2018 | $3,989,697 | $4,338,128 | -$5,254,328 |
| FY2017 | $3,805,211 | $4,093,499 | -$4,905,897 |
| FY2016 | $3,724,136 | $3,629,075 | -$4,617,609 |
| FY2015 | $3,651,537 | $3,551,072 | -$4,712,670 |
| FY2014 | $3,637,771 | $3,449,147 | -$4,813,135 |
| FY2013 | $3,643,236 | $3,638,982 | -$5,001,759 |
| FY2012 | $3,518,673 | $3,579,506 | -$5,006,013 |
| FY2011 | $12,478,370 | $5,001,254 | -$4,945,180 |
Form 990 filings
The returns filed by Affordable Housing Partners Inc (EIN 35-1993520), 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 | $3,199,915 | 9% |
| Program service revenue | $18,625,586 | 51% |
| Other revenue | $14,733,771 | 40% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $22,331,643 | 87% |
| Management & general | $3,472,234 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 51% of total revenue in FY2024.
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2024. That is higher than 48.1% of 929 Housing & Shelter organizations nationwide (too few in IN for a state comparison).
- Net assets covered about 31 months of expenses at the end of the reporting year. That puts it in the 63rd percentile among 317 Housing & Shelter organizations in IN.
- Total revenue was higher than 99.7% of 326 Housing & Shelter organizations in IN.
- Total revenue rose from $12,478,370 in FY2011 to $36,559,272 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2012, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022).
- The highest revenue on record here is $39,741,003 in FY2023.
- Net assets grew from -$4,945,180 to $66,655,167 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 9% in 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 AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES.
IRS status
| Ruling year | 1997 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L200 — Housing & Shelter |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Crf Affordable Housing Inc — Plainfield, IN · $39,863,617
- Gene B Glick Family Housing Foundation Inc — Indianapolis, IN · $122,315,570
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.
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