Affordable Housing Management Inc

Greensboro, NC   |  WWW.AHMI.ORG

Mission

MANAGEMENT AND DEVELOPMENT OF AFFORDABLE RENTAL HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS

Ruling year info

1970

Principal Officer

DAVID LEVY

Main address

330 S Greene St Ste B11

Greensboro, NC 27401 United States

EIN

23-7078343

NTEE code info

Housing Development, Construction, Management (L20)

IRS filing requirement

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

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Programs and results

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Our programs

SOURCE: IRS Form 990

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Program 1

THE ORGANIZATION PROVIDED TECHNICAL, MANAGERIAL, AND EDUCATIONAL ASSISTANCE TO LOW AND MODERATE INCOME HOUSING DEVELOPMENTS IN THE GREATER GREENSBORO, NORTH CAROLINA AREA.THE ORGANIZATION PROVIDED THESE SERVICES TO 411 HOUSING UNITS DURING THE YEAR ENDED JUNE 30, 2020, THROUGH PROPERTIES THAT WERE OWNED AND/OR MANAGED.THROUGH ITS RESIDENT EDUCATION AND ENRICHMENT FUND (REEF), TO DATE THE ORGANIZATION HAS PROVIDED 76 SCHOLARSHIPS, OF WHICH 14 ARE MULTIPLE AWARDS TO THE SAME RESIDENTS, TO AHM RESIDENTS TO ASSIST THEM WITH FURTHERING THEIR EDUCATION AND CAREER ADVANCEMENT. THROUGH ITS YOUTH EDUCATION SUMMER SCHOLARSHIP (YESS) PROGRAM, TO DATE THE ORGANIZATION HAS PROVIDED $9,668 YESS SCHOLARSHIPS TO CHILDREN LIVING AT AHM MANAGED APARTMENTS, TO ATTEND SUMMER CAMPS.THE ORGANIZATION RECEIVED A NORTH CAROLINA HOUSING FINANCE AGENCY 2013 HOUSING NORTH CAROLINA AWARD FOR EXCELLENCE IN AFFORDABLE HOUSING IN THE PERMANENT SUPPORTIVE HOUSING CATEGORY. THE AWARD ACKNOWLEDGED THE MAJOR REHABILITATION OF 20 UNITS KNOWN AS VILLAGE CROSSING. OF THOSE UNITS, 9 ARE RESERVED/TARGETED FOR FORMERLY HOMELESS AND/OR DISABLED HOUSEHOLDS.THE ORGANIZATION RECEIVED ANOTHER NORTH CAROLINA HOUSING FINANCE AGENCY 2017 HOUSING NORTH CAROLINA AWARD FOR EXCELLENCE IN AFFORDABLE HOUSING IN THE PERMANENT SUPPORTIVE HOUSING CATEGORY. THE AWARD ACKNOWLEDGED THE NEW CONSTRUCTION OF 16 UNITS KNOWN AS HOPE COURT. OF THOSE UNITS, 6 ARE RESERVED/TARGETED FOR FORMERLY HOMELESS AND/OR DISABLED HOUSEHOLDS.THE ORGANIZATION IS CURRENTLY COMPLETING A 72 APARTMENT NEW CONSTRUCTION DEVELOPMENT NAMED MUIRS LANDING. THIS IS A MIXED INCOME DEVELOPMENT WITH THREE LEVELS OF RENTS AFFORDABLE TO HOUSEHOLDS EARNING 30, 50, AND 60% OF THE AREA MEDIUM INCOME.ON AUGUST 14, 2020, THE DEVELOPMENT KNOWN AS REDHILL POINTE WAS AWARDED LOW-INCOME HOUSING TAX CREDITS OF UP TO $918,500 AND A $1,500,000 RENTAL PRODUCTION PROGRAM LOAN BY THE NORTH CAROLINA HOUSING FINANCE AGENCY. ADDITIONALLY, IN MAY 2020, THE DEVELOPMENT WAS AWARDED A $1,200,000 LOAN FROM THE CITY OF GREENSBORO. THIS WILL BE A NEW CONSTRUCTION OF 84 APARTMENTS WITH THREE LEVELS OF RENTS AFFORDABLE TO HOUSEHOLDS EARNING 30, 50, AND 60% OF THE AREA MEDIUM INCOME.SINCE 2011, ALL AHM NEW CONSTRUCTION DEVELOPMENTS HAVE RECEIVED NATIONAL ASSOCIATION OF HOME BUILDERS GREEN BUILDING STANDARD AND ENERGY STAR CERTIFICATIONS AND THE ORGANIZATION RECEIVED THE NATIONAL ASSOCIATION OF HOME BUILDERS RESEARCH CENTER 2011 GREEN PARTNER OF THE YEAR AWARD.OTHER ACTIVITY INCLUDED THE INVESTIGATION AND ANALYSIS OF PURCHASING EXISTING APARTMENT COMPLEXES AND LAND SUITABLE FOR AFFORDABLE HOUSING.

Expenses
$1,558,265
Revenue
$1,670,485

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Financials

Affordable Housing Management Inc
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This organization has no recorded board members.