Affordable Housing Corporation

Foundation · Grantmaker Winchester, VA EIN: 54-1773109

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.

Key facts about Affordable Housing Corporation

EIN: 54-1773109
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $14,872,000
Grants made (2024): 3
Average grant: $4,957,333
Median grant: $3,000,000
Total assets: $2,187,054
Primary geography: Virginia (80% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Affordable Housing Corporation funds

By grant dollars, the top recipient states for Affordable Housing Corporation's 3 itemized 2024 grants were Virginia (80%) and Texas (20%). The most frequent recipient cities were Winchester, VA (2 grants). 100% of grants with a stated purpose were for general or operating support.

How Affordable Housing Corporation gives

In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Affordable Housing Corporation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.2M

-87.2% YoY

Annual Giving

$14.9M

Grant Count

Avg Grant Size

$5.0M

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.

About Affordable Housing Corporation

Based on IRS filings

Focus Areas

Housing & Shelter

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $11.9M (80%)

Texas $3.0M (20%)

Share of all 3 itemized 2024 grant dollars.

States

Texas Virginia

Cities

WinchesterNew Braunfels

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,187,054	$17,039,842	$15,893,155
Revenue	$-2,759,403	$617,848	$808,482
Expenses	$14,880,468	$67,137	$616,859
Qualifying Distributions	$14,873,915	—	—
Net Investment Income	$304,449	$617,848	$808,482
Distributable Amount	$248,627	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Shenandoah University ($11,800,000), operation finally home ($3,000,000), Coalition for Housing Opportunities Inc ($72,000).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2022 IRS filing

Name	Title	Hours	Compensation
Wilbur G Dove	President	7	—
Clare R Dove	Secretary	7	—
John Sower	Director	7	—

Subject Areas

Focus areas based on grantmaking activity

Housing & Shelter

Frequently Asked Questions

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.

How large is Affordable Housing Corporation?

As of 2024, Affordable Housing Corporation holds $2.2M in total assets with $-2,759,403 in annual revenue. It awarded 3 grants totaling $14.9M in 2024.

Where does Affordable Housing Corporation operate?

Affordable Housing Corporation has awarded grants in Texas, Virginia.

What size grants does Affordable Housing Corporation award?

In 2024, Affordable Housing Corporation awarded 3 grants totaling $14.9M — an average of about $5.0M per grant, based on its IRS Form 990 filings.

How much is Affordable Housing Corporation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Affordable Housing Corporation reported a distributable amount of $249K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.