African American Alliance for Home Ownership Inc.
African American Alliance for Home Ownership Inc.
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About this organization
Mission
Increase homeownership stability for african americans and other underserved individuals by providing access to advocacy, awareness and education.
About
The success in aaah's ida program continues to improve due to the overwhelming demand for the assistance it provides. aaah has a waiting list of 15 participants for the program and recently received our annual award which was significantly higher than last year. This will allow aaah to assist more clients in preparing for home ownership. We feel the increase in participant is a direct correlation to our present and past clients spreading the word to family and friends regarding our programs. During the year more than 500 households improved their mortgage readiness, while 80 households became mortgage ready. aaah is also identifying other resources to couple with. We have an opportunity to extend some of our clients to possibly 5 years which will provide additional savings time and match. We are in conversation with a few banks about additional subsides to help aaah bridge the affordability gap.
Interesting data from their 2020 990 filing
The filing sets forth the mission of the non-profit as “Increase homeownership stability for african americans and other underserved individuals by providing access to advocacy, awareness and education.”.
When detailing its responsibilities, they were listed as: “Increase homeownership stability for african americans and other underserved individuals by providing access to advocacy, awareness and education.”.
- The state in which the non-profit is legally permitted to operate is OR.
- The address of the non-profit for 2020 according to the filing is 825 NE 20TH AVENUE SUITE 225, PORTLAND, OR, 97232.
- The number of employees reported by the non-profit on their form as of 2020 is 10.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $47,543.
- The CEO compensation structure within the organization is based on a review and approval from a neutral party.
- The organization has 4 independent voting members.
- The organization was formed in 2005.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $325,091 in salary, compensation, and benefits to its employees.
- The organization pays $8,009 in fundraising expenses.
- The organization has minutes of its meetings.
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