Mission
Atlantic Housing Foundation builds, renovates, and operates affordable apartment communities to meet the needs of low to moderate income residents. They provide housing options for various groups including families, elderly individuals, students, and those with disabilities. Their mission extends beyond housing by offering scholarships and community services to help residents break the cycle of poverty, pursue their goals, and enhance their living environments.
Basic Information
Founded in
1999
EIN
57-1090154
Total Assets
$541 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Scholarship Program
AHF provides scholarships to over 1,100 students to support their education.
Waters at Oakbrook Apartments
A new affordable housing community developed in Summerville, SC.
Renovation of Waters at West Ashley
Revitalization of an older property to provide quality affordable housing.
Impact Stats
Total Amount Awarded
Academic and Housing Scholarships
Since 2006, AHF has awarded over $19 million in scholarships to students.
Our Programs
Resident Services
Provides various support services to residents to enhance their quality of life.
Learn MoreMIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
55
36
/100
Program Expense Ratio
97.63%
20
/20
Program Revenue Growth
4.13%
10
/20
Leverage Ratio
1.157
2
/20
Working Capital Ratio
-0.8006
2
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 0 | 0.00% |
| Program Services | 90.76M | 92.58% |
| Investment Income | 2.251M | 2.30% |
| Sales of Non-Inventory Assets | 5.023M | 5.12% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 98.03M | 100.00% |