named programs · 3 · from sources
What they call their work
Homebuyer Education and Counseling
Requires applicants to complete HUD-certified homebuyer education and credit counseling as part of the eligibility process
Resale Affordability Program
Restricts future sale prices using a pre-set formula to maintain long-term affordability; allows recovery of approved capital improvements
Shared-Equity Homeownership Program
Sells homes at below-market prices to income-qualified buyers; homeowners own the structure while ACHT retains ownership of the land via a ground lease
activities · 2 groups
What they do
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Nonprofit Capacity Building Services 1 activity
- Provides administrative support through contracted servicesContracts with Adirondack Roots to deliver administrative support services as part of organizational operations.
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Affordable Housing Development and Management 1 activity
- Provides affordable homeownership opportunities through a shared-equity modelOffers below-market home sales to income-qualified, middle-income buyers using a shared-equity model where the Trust retains ownership of the land and leases it to homeowners for $300 per year, ensuring long-term affordability through resale price restrictions based on a pre-set formula.
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financials · form 990 · fy2024
revenue
Total revenue$39K
Contributions & grants$22K56%
Program service revenue$6K16%
Investment income$2721%
Other revenue$11K
expenses
Total expenses$85K
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$1.28M
Cash$627K
Investments$0
Liabilities$121K
Net assets$1.16M
Liquid reserves88.0 mo
5 years on record · 2020–2024 · YoY revenue -89.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MEGAN MURPHY | EXECUTIVE DIRECTOR | 1 | $112K |
board members · 6
- BILL HOTALING — TRUSTEE
- CHRIS REDIEHS — TRUSTEE
- JOSEPH KELLY — PRESIDENT/TREASURER
- SUSAN WATERS — TRUSTEE
- TERRY HORROCKS — TRUSTEE
- WILLIAM B JOHNSTON — SECRETARY
relationships · 5
Who they work with
- Adirondack Roots Partner — Provides administrative support services to ACHT
- Participating Lenders Partner — Lenders who work with ACHT to provide mortgage financing to program participants.
- State of New York Mortgage Agency (SONYMA) Government — Provides mortgages for ACHT-qualified buyers through local participating banks
- U.S. Department of Agriculture Government — Allows ACHT homebuyers to qualify for mortgages under certain programs
- U.S. Department of Housing and Urban Development (HUD) Government — Provides income eligibility guidelines and certifies housing counseling for ACHT homebuyers
strategies · 3
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.
- Financial Readiness as a Foundation for Sustainable Homeownership 67 orgsmethodology: financial-readiness-through-educationBy requiring homebuyer education and credit counseling, we produce financially stable homeownership outcomes, because building financial capability reduces default risk and increases long-term success rates.shared approach: Integrated Homeownership Support →
- Perpetual Affordability via Resale Restrictions 40 orgsmethodology: resale-restricted_affordabilityBy enforcing resale price caps tied to income-based formulas, we preserve affordability across generations of buyers, because limiting profit extraction ensures homes remain accessible to future middle-income households.shared approach: Community Land Stewardship →
- Shared-Equity Homeownership Model 40 orgsmethodology: shared-equity_homeownershipBy retaining ownership of the land and selling homes at below-market rates, we reduce upfront costs and ensure long-term affordability, because this shared-equity structure prevents speculative pricing while enabling middle-income families to build equity.shared approach: Community Land Stewardship →