irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $58Ksupervision and consulting services rendered to AHMC Corp. (the companies for profit subsidiary) related to the owned senior housing properties and tax credit properties which AHF was a co developer and holds a small GP interest and the right of first refusal to purchase the property after the initial 15 years of operation.
named programs · 6 · from sources
What they call their work
Columbia Crest
Senior housing community with 90 one- and two-bedroom apartments in upstate New York, offering affordable rents to elderly and low-income residents.
Highpointe
Senior housing community with 82 one- and two-bedroom apartments providing affordable housing for elderly residents in upstate New York.
Northern Pines
Senior housing community with 36 one- and two-bedroom apartments serving elderly and low-income residents in upstate New York.
Van Allen
Senior housing community with 110 one- and two-bedroom apartments offering affordable housing for elderly and low-income individuals in upstate New York.
Whitehall Court
Senior housing community with 72 one- and two-bedroom apartments providing affordable housing for elderly residents in upstate New York.
Wilton Commons
Senior housing community with 36 one- and two-bedroom apartments serving elderly and low-income residents in upstate New York.
activities · 3 groups
What they do
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Affordable Housing Development and Management 2 activities
- Development and management of affordable senior housingAcquires, develops, designs, constructs, and manages affordable housing units for elderly and low-income individuals and families, primarily in upstate New York. The organization has developed five senior housing communities since 1995 and manages six affordable housing properties through its management arm, American Housing Foundation Management Co. Inc.
- Provision of property supervision and consulting servicesProvides supervision and consulting services to AHMC Corp., a for-profit subsidiary, for senior housing and tax credit properties co-developed by the American Housing Foundation.
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Low-Income Senior Housing Operations 2 activities
- Operation of specific senior housing communitiesOperates multiple senior housing communities across upstate New York with a total of at least 500 units, including Columbia Crest (90 units), Northern Pines (36 units), Van Allen (110 units), Wilton Commons (36 units), and properties in Malta (82 units), Cohoes (90 units), and other locations. Units are typically one- and two-bedroom apartments for seniors aged 55 or 62 and older, featuring accessibility accommodations such as elevators, single-level units, emergency call systems, and secure entry.
- Provision of income-based and subsidized rental housingOffers income-based rent at its senior housing properties, calculated as a percentage of area median income, with most units available at below-market or subsidized rates. At Van Allen Senior Apartments, 100 of 110 units are income-based, while 10 are market-rate. Heat and hot water are included in rent, and electric costs are estimated for residents.
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Senior Social & Enrichment Programming 1 activity
- Provision of supportive services for seniorsProvides transportation assistance for seniors to access medical appointments, grocery stores, pharmacies, and recreational outings. Also offers arts and crafts classes, access to community computers, and basic digital literacy courses to support resident engagement and independence.
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financials · form 990 · fy2024
revenue
Total revenue$3.24M
Contributions & grants$00%
Program service revenue$3.09M96%
Investment income$152K5%
Other revenue$-8K
expenses
Total expenses$2.88M
Program expenses91%
Admin / overhead9%
Fundraising0%
Salaries & benefits$3K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$15.80M
Cash$1.72M
Investments$0
Liabilities$14.76M
Net assets$1.05M
Liquid reserves7.2 mo
5 years on record · 2020–2024 · YoY revenue +4.9%
leadership · form 990 part vii · fy2024
Who runs it
board members · 9
- Garry J Kearns — Executive Direc
- Jerry Pucci — Vice President
- John J Naughter — President
- John P Smith — Director
- Judith Byrnes — Secretary
- Maureen A Klein — Director
- Olin Patrick Callaghan RPA-C — Director
- Paul C Reuss — Director
- William J Riley — Director
relationships · 6
Who they work with
- AHMC Corp. Partner — For-profit subsidiary receiving supervision and consulting services from American Housing Foundation Inc for co-developed senior housing and tax credit properties.
- American Housing Management Co., Inc. Partner — Provides property management services aligned with the mission of American Housing Foundation, Inc.
- American Housing Management Co., Inc. Partner — Provides property management services in alignment with the mission of American Housing Foundation, Inc.
- Hope House Foundation Partner — Leadership role by Paul C. Reuss as Secretary indicates a formal organizational relationship.
- St. Anne’s Institute Partner — Board membership and leadership roles held by multiple American Housing Foundation board members indicate an organizational relationship.
- United States Department of the Internal Revenue Service Government — Granted 501(c)(3) exempt status to American Housing Foundation, Inc. in 1995.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Integrated Affordable Housing Development and Managementmethodology: integrated_affordable_housing_developmentBy acquiring, developing, constructing, and managing affordable housing units in targeted locations, the organization produces long-term housing stability for seniors and low-income individuals because integrated development and management ensures quality, sustainability, and alignment with community needs.
- Service-Driven Development with Client Collaborationmethodology: service-driven_developmentBy emphasizing close collaboration with clients throughout all phases of housing development, the organization produces more responsive and effective affordable housing solutions because resident input is integrated into design and implementation, ensuring alignment with actual needs.