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PROVIDE LOW INCOME HOUSING
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$75.9M
Program Spending
100%
of total expenses go to program services
Total Contributions
$337.5K
Total Expenses
▼$104.5M
Total Assets
$779.6M
Total Liabilities
▼$332M
Net Assets
$447.6M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$22.9M
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $39.1M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
MURRAY & SYDELL ROSENBERG FOUNDATION58-1947342 | ATLANTA, GA | $23.1M | Cash | GRANTS ARE PROVIDED FOR HUMANITARIAN ASSISTANCE |
NHNFP HEALTHCARE INC20-4137987 | ATLANTA, GA | $16M | Cash | TO PROVIDE, OR ARRANGE FOR THE PROVISION OF, SERVICES AND CARE TO THE POOR, ELDERLY AND/OR THE INFIRM OR DISABLED NEEDING ASSISTANCE AND CARE. |
| Total | $39.1M | |||
ATLANTA, GA
$23.1M
ATLANTA, GA
$16M
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$12.8M
Awards Found
2
Department of the Treasury
$6.8M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$6M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
3
Clean Audits
3
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $3.3M | No | 2025-07-31 |
| 2023 | Clean | Unmodified (Clean) | $2.7M | No | 2024-07-26 |
| 2022 | Clean | Unmodified (Clean) | $6M | No | 2023-06-28 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $75.9M | $337.5K | $104.5M | $779.6M | $447.6M |
| 2023IRS e-File | $569.6M | $500.3K | $135.3M | $702.1M | $476.2M |
| 2022 | $113.4M | $6M | $163.9M | $1.1B | $42M |
| 2021 | $238.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| James O'Connell | President | 1 | $0 | $0 | $0 | $0 |
| Allison Berman | Vice President & Secretary | 1 | $0 | $0 | $0 | $0 |
James O'Connell
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Allison Berman
Vice President & Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bruce Bolick | Director | 1 | $0 | $0 | $0 | $0 |
| Cora Reyes Effective 5125 | Director | 1 | $0 | $0 | $0 | $0 |
| Elizabeth Salvati | Director | 1 | $0 | $0 | $0 | $0 |
| Jonathan Rosenberg | Director | 1 | $0 | $0 | $0 | $0 |
| Joseph E Thomas Iii | Director | 1 | $0 | $0 | $0 | $0 |
| Stephen Rosenberg | Director |
Bruce Bolick
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Cora Reyes Effective 5125
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Elizabeth Salvati
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $441 |
| $122.7M |
| $1.1B |
| $92.4M |
| 2020 | $79.3M | $459 | $81M | $881.1M | -$23.1M |
| 2019 | $44.1M | $567 | $62.3M | $647.7M | -$21.4M |
| 2018 | $42.8M | $416 | $48.2M | $540.5M | -$3.2M |
| 2017 | $33.5M | $750.1K | $44.9M | $504.2M | $2.3M |
| 2016 | $31.1M | $7.9M | $27.3M | $226.7M | $13.7M |
| 2015 | $15.9M | $1.4M | $14.8M | $151.7M | $9.9M |
| 2014 | $11.6M | $9.1M | $2.7M | $60.4M | $8.8M |
| 2013 | $0 | $0 | $311 | $1 | $0 |
| 2012 | $1.4M | $0 | $954K | $28.8K | -$1.8M |
| 2011 | $530K | $0 | $898.3K | $2.2M | -$2.2M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Terence Schwartz | Director | 1 | $0 | $0 | $0 | $0 |
Jonathan Rosenberg
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joseph E Thomas Iii
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stephen Rosenberg
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Terence Schwartz
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0