EIN 47-5018774

Affordable Housing and Economic Development Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
2015
Most recent tax filings
2022-12-01
Description
The Affordable Housing and Economic Development Foundation has a mission to support the preservation, rehabilitation, and development of affordable housing, as well as provide economic opportunities for lower-income families. The organization functions primarily as a funding organization. In 2022, the organization materially participated in the development of several affordable housing projects, including a 54-unit senior rental project in Lihue, Kauai called Pua Loke and an 8-unit multi-family project called Pahala. The organization is located in Honolulu, HI.
Also known as...
AHED Foundation
Total revenues
$26,551
2022
Total expenses
$7,601
2022
Total assets
$1,988,902
2022
Num. employees
0
2022

Program areas at Affordable Housing and Economic Development Foundation

The organization materially participated in the development of the following affordable housing projects in 2022:(1)Projects previously completed and continually in operation: a.Pua Loke: 54-unit senior rental project in Lihue, Kauai. b.Pahala: 8-unit multifamily rental project in Pahala, Hawaii. c.Queen Emma Apartments: 71-unit multifamily rental project in Honolulu,Oahu. d.Waimea Huakai: 35-unit senior rental project in Waimea, Kauai. e.Waipahu Tower: 64-unit multifamily rental project in Waipahu, Oahu. f.Rice Camp II: 30-unit senior rental project in Lihue, Kauai.(2)Projects currently under construction: a.Kokua: 223 senior-rental project in Honolulu,Hawaii. b.Kai Olino: 48-unit rental project in Lihue,Kauai.(3)Projects currently in the pre-development stage seeking entitlements and financing: a.Kapolei Parkways (Lot 6):236 multifamily rental project in Kapolei,Oahu. b.Kapolei Parkways (Lot 7):169 multifamily rental project in Kapolei,Oahu. c.Kailua Lofts: 42 unit multifamily rental project in Kailua,Oahu. d.Lima Ola Family:44 unit multifamily rental project in Eleele,Kauai. e.Lima Ola Kupuna:40 unit senior rental project in Eleele, Kauai. f.Pohukaina Commons:428 multifamily rental project in Honolulu,Oahu. g.Keawalau (Phases I, II & III) 531 units multimfaily and senior rental project in Waipahu,Oahu. h.Kahoapili:188 multifamily rental or for-sale project in Salt Lake,Oahu. i.Kuulei:34 multifamily rental project in Kailua,Oahu. j.Nani O Puna:32-unit farmworker housing project in Pahoa,Big Island. k.Hale Ola: 21-unit rental project in Honolulu, Oahu.(4)Other work: a.The organization worked to build further capacity as an affordable housing non-profit by submitting funding applications under the low-income housing tax credit program as administered by the State of Hawaii. b.The organization submitted funding applications for various grants administered by State and local agencies for the acquisition, rehabilitation and new construction of affordable rental housing projects. c.The organization submitted applications and solicitation letters from various funding organizations. d.The organization coordinated tenant social service and partnership services with affiliates for projects under construction and in operation.

Personnel at Affordable Housing and Economic Development Foundation

NameTitleCompensation
Scott W SettlePresident$0
David F FasiVice President$0
Paul W MarxChief Executive Officer$168,000

Financials for Affordable Housing and Economic Development Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$26,515
Program services$0
Investment income and dividends$36
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$26,551

Form 990s for Affordable Housing and Economic Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-09-16990View PDF
2020-122021-05-26990View PDF
2019-122021-06-01990EZView PDF
2019-122021-04-06990View PDF
...and 4 more Form 990s
Data update history
September 13, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
May 1, 2021
Posted financials
Added Form 990 for fiscal year 2018
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
May 19, 2020
Updated personnel
Identified 4 new personnel
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
900 Fort St Mall 1818
Honolulu, HI 96813
Metro area
Urban Honolulu, HI
Website URL
ahedhawaii.org/ 
Phone
(808) 534-4434
IRS details
EIN
47-5018774
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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