Mission
PRESERVATION OF AFFORDABLE HOUSING IN THE STATE OF RHODE ISLAND
Public Charity
HOMEOWNERSHIP AFFORDABILITY TRUST FUND
HOMEOWNERSHIP AFFORDABILITY TRUST FUND is a Public Charity headquartered in PROVIDENCE, RI. Financial data from the 2025 filing: $5.6M revenue, $-2.2M expenses, $121.2M total assets.
EIN: 222963595
PROVIDENCE, RI
Homeowners & Tenants Associations
NTEE: L50
Latest filing: 2025
Total Revenue$5.6M
Total Expenses$-2.2M
Total Assets$121.2M
Grant Records0
Filing Years2021–2025
Where $100 goes at Homeownership Affordability Trust Fund
How Homeownership Affordability Trust Fund divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.
$97
Programs
the work itself
$3
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $97 for programs
$97
Trust receipts and interest on loans and program investments
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
EXECUTIVE DIRECTOR
Carol Ventura
CHAIRWOMAN
Deborah Goddard
CFO
Kara Lachapelle
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $5.6M | $-2.2M | $121.2M |
| 2024 | $5.8M | $5.5M | $113.8M |
| 2023 | $6.4M | $3.7M | $113.9M |
| 2022 | $2.0M | $2.9M | $111.2M |
| 2021 | $7.4M | $184K | $112.4M |
Between 2021 and 2025, reported annual revenue declined from $7.4M to $5.6M (-25%), with total assets most recently reported at $121.2M.
Interactive year-over-year charts and full filing details available with membership.