Affordable Housing Network Inc

CEDAR RAPIDS, IA   |  WWW.AFFORDABLEHOUSINGNETWORK.ORG

Mission

TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES IN NEED.

Ruling year info

2008

Principal Officer

ANNE GRUENEWALD

Main address

5400 KIRKWOOD BLVD SW

CEDAR RAPIDS, IA 52404

EIN

20-8640691

NTEE code info

Public Housing (L21)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

AFFORDABLE HOUSING RENTALS: AHNI OWNS 703 AFFORDABLE HOUSING RENTAL UNITS AND MANAGES 80 AFFORDABLE HOUSING RENTAL UNITS, FOR A TOTAL OF 783 RENTAL UNITS INTENDED TO BE RENTED TO INDIVIDUALS AND FAMILIES WITH LOW TO VERY LOW INCOME. INCOME BETWEEN 50% AND 80% OF AREA MEDIAN INCOME (AMI) IS "LOW INCOME AND INCOME BETWEEN 30% AND 50% OF AMI IS "VERY LOW INCOME." AHNI PROVIDES THE FOLLOWING SERVICES TO INSURE A STABLE AND CLEAN LIVING ENVIRONMENT: RENTAL AGENT SERVICES AND FACILITY MAINTENANCE.

Expenses
$4,063,188
Revenue
$4,778,667

NEIGHBORHOOD REVITALIZATION: AHNI OPERATES A NEIGHBORHOOD REVITALIZATION PROJECT IN THE WELLINGTON HEIGHTS NEIGHBORHOOD OF CEDAR RAPIDS DESIGNED TO INCREASE HOME OWNERSHIP, DECREASE DENSITY.AND RETURN A NEIGHBORHOOD BACK TO THE MAJESTIC AND STABLE PLACE IT ONCE WAS. AHNI HAS REHABBED & SOLD 26 HOMES AND CURRENTLY HAS 77 RENTAL UNITS IN THE WELLINGTON HEIGHTS NEIGHBORHOOD AND ARE CURRENTLY RENTING PROPERTIES AND BUILDING NEW HOUSES AS FUNDING AND BUYERS PERMIT. PROPERTIES PREVIOUSLY REHABILITATED ARE OFFERED TO THE COMMUNITY AS IMPROVED RENTALS, RENT-TO-OWN, AND HOMES FOR SALE WITH THE ULTIMATE GOAL OF GUIDING CHILDREN AND FAMILIES TO SUCCESSFUL OUTCOMES AND STRENGTHENING THE COMMUNITY. IN ADDITION AHNI OPERATES AN AFFORDABLE HOUSING REVITALIZATION PROJECT IN DUBUQUE. THIS IS DONE IN CONJUNCTION WITH THE CITY OF DUBUQUE AND THEIR MULTI-YEAR PLAN TO INCREASE HOME OWNERSHIP AND CREATE A STABLE, RESPECTFUL RENTAL ENVIRONMENT. AHNI HAS PURCHASED AND REHABBED 4 PROPERTIES AND SOLD THEM AS AFFORDABLE HOMES IN THE LAST YEAR.

Expenses
$962,213
Revenue
$0

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Financials

Affordable Housing Network Inc
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Operations

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This organization has no recorded board members.