Public Charity

AFFORDABLE HOUSING DEVELOPMENT FUND INC

AFFORDABLE HOUSING DEVELOPMENT FUND INC is a nonprofit organization categorized as Public Charity based in ROCKFORD, IL. Its most recent IRS filing (2025) reports revenue of $17.0M, expenses of $19.3M, total assets of $102.4M. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $5.4M.

EIN: 391906153 ROCKFORD, IL Housing Development, Construction & Management NTEE: L20 Latest filing: 2025
Total Revenue$17.0M
Total Expenses$19.3M
Total Assets$102.4M
Grant Records3
Funding Total$5.4M
Filing Years2021–2025

Mission

THE CORPORATION'S CHARITABLE PURPOSE INCLUDES, AMONG OTHER THINGS, OWNERSHIP, DEVELOPMENT, PRESERVATION AND MANAGEMENT OF AFFORDABLE, SAFE, GOOD QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES.

Officers & Directors

DIR., VP, & TREASURER Jack Ahrens
DIR. & SECRETARY John Constantine
DIRECTOR PROPERTY MGMT - P Perry Harenda
DIR. & PRES. Thomas Van Vleet

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO FURTHER FUND THE ENTITY'S EXEMPT PURPOSE
$4,552,840 1 grant
TO FURTHER THE PARENT ORGANIZATION'S MISSION.
$853,974 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $17.0M $19.3M $102.4M
2024 $12.6M $15.4M $97.6M
2023 $13.8M $13.0M $92.6M
2022 $20.7M $14.6M $86.2M
2021 $18.6M $16.8M $87.5M

Between 2021 and 2025, reported annual revenue declined from $18.6M to $17.0M (-8%), with total assets most recently reported at $102.4M.

Interactive year-over-year charts and full filing details available with membership.

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