Affordable Housing Corporation
Affordable Housing Corporation is a private foundation focused on Housing & Shelter, based in Winchester, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 3 grants totaling $14.9M. Net investment income was $304K.
Affordable Housing Corporation at a glance
In short: Affordable Housing Corporation gave $14.9M across 3 grants in 2024 (avg $5.0M), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $14,872,000
- +26940.0% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $4,957,333
- +17926.7% vs 2023
- Median grant
- $3,000,000
- Total assets
- $2,187,054
- -87.2% vs 2023
- Primary geography
- Virginia (80% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Affordable Housing Corporation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Shenandoah University ($11.8M). Together the top 3 received $14.9M.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 10 (30%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Affordable Housing Corporation gives
- Giving grew 1609% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $55K (2023) to $14.9M (2024). In 2024 it made 3 grants totaling $14.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shenandoah University Winchester, VA | Operational Support | $11,800,000 |
| Operation Finally Home New Braunfels, TX | Operational Support | $3,000,000 |
| Coalition for Housing Opportunities Inc Winchester, VA | Operational Support | $72,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,187,054 | $-2,759,403 | $14,880,468 | $14,872,000 | 3 | $14,873,915 | $304,449 | $248,627 |
| 2023 | $17,039,842 | $617,848 | $67,137 | $55,000 | 2 | — | $617,848 | — |
| 2022 | $15,893,155 | $808,482 | $616,859 | $607,000 | 2 | — | $808,482 | — |
| 2021 | $19,096,201 | $784,702 | $885,639 | $870,000 | 2 | — | $784,702 | — |
| 2020 | $19,917,593 | $15,430,072 | $1,076,225 | $500,000 | 1 | — | $14,317,296 | — |
Under IRS private-foundation payout rules, Affordable Housing Corporation reported a distributable amount of $249K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Affordable Housing Corporation is led by Wilbur G Dove, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Wilbur G Dove
President
On filings since 2020
7 hrs/week
$100K (2020) → $0 (2024)
John Sower
Director
On filings since 2020
7 hrs/week
$2K (2021) → $0 (2024)
Clare R Dove
Secretary
On filings since 2020
7 hrs/week
$90K (2020) → $0 (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $2K, to John Sower (Director).
Frequently asked questions about Affordable Housing Corporation
How much does Affordable Housing Corporation give each year?
Affordable Housing Corporation gave $14.9M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $55K across 2 grants.
What is Affordable Housing Corporation's typical grant size?
Affordable Housing Corporation's median grant in 2024 was $3,000,000, and its average grant was $4,957,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Affordable Housing Corporation give grants?
Affordable Housing Corporation gives mostly in Virginia: 80% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Texas (20%). The most frequent recipient cities were Winchester, VA (2 grants).
Does Affordable Housing Corporation give general operating support?
Yes: 100% of Affordable Housing Corporation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Affordable Housing Corporation?
Affordable Housing Corporation reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $14.9M in qualifying distributions that year, against a required minimum of $249K (roughly 5% of its investment assets).
What is Affordable Housing Corporation?
Affordable Housing Corporation is a private foundation focused on Housing & Shelter, based in Winchester, VA. It holds $2.2M in total assets as of 2024.
What is Affordable Housing Corporation's EIN?
Affordable Housing Corporation's EIN (Employer Identification Number) is 54-1773109. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS December 11, 2024)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Affordable Housing Corporation funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Affordable Housing Corporation's focus areas in our free grants database
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