Affordable Housing Preservation Corporation
6001 Argyle Forest Blvd Ste 21, Jacksonville, FL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $41,717,546 | $83,464,359 | -$101,814,524 |
| FY2023 | $43,645,587 | $75,412,378 | -$60,067,711 |
| FY2022 | $48,084,916 | $64,269,899 | -$28,300,920 |
| FY2021 | $2,294,342 | $14,410,279 | -$12,115,937 |
Form 990 filings
The returns filed by Affordable Housing Preservation Corporation (EIN 86-1646797), 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 | $0 | 0% |
| Program service revenue | $41,717,546 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $77,725,740 | 93% |
| Management & general | $5,738,619 | 7% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 93% of functional expenses, management & general 7%, and fundraising 0%.
- 93% of functional expenses went to program services in FY2024. That is higher than 70.2% of 47 Housing & Shelter organizations in FL.
- Net assets covered about -14.6 months of expenses at the end of the reporting year. That puts it in the 14th percentile among 658 Housing & Shelter organizations in FL.
- Total revenue was higher than 99.4% of 688 Housing & Shelter organizations in FL.
- Total revenue rose from $2,294,342 in FY2021 to $41,717,546 in FY2024. Revenue increased in 1 and decreased in 2 of 3 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 4 reported years (FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $48,084,916 in FY2022.
- Net assets declined from -$12,115,937 to -$101,814,524 between FY2021 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
OUR MISSION IS TO IMPROVE THE QUALITY OF FAMILIES, STUDENTS, INDIVIDUALS, AND COMMUNITIES BY HELPING TO DEVELOP, PRODUCE, ACQUIRE, MANAGE OR PRESERVE LOW-COST AFFORDABLE HOUSING, WORKFORCE HOUSING AND STUDENT HOUSING IN NEIGHBORHOODS ACROSS THE UNITED STATES.
IRS status
| Ruling year | 2021 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L21 — Housing & Shelter |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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