American Foundation for Affordable

WILLIAMSBURG, VA EIN: 54-1660503 Website

THIS ORGANIZATION IS THE PARENT ORGANIZATION OF AFFILIATES WHOSE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND POOR WITHIN OUR COMMUNITIES.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.8M

+6.4% YoY

Annual Giving

$100K

Grant Count

Avg Grant Size

$33K

About American Foundation for Affordable

Based on IRS filings

American Foundation for Affordable is a nonprofit organization, based in WILLIAMSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 3 grants totaling $100K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $100K (100%)

States

Virginia

Cities

Charlottesville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,787,729	$9,197,147	$8,511,979
Revenue	$946,422	$1,082,582	$956,993
Expenses	$356,971	$252,651	$185,290
Qualifying Distributions	—	—	—
Net Investment Income	—	—	—
Distributable Amount	—	—	—

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 include Mcap Cedar Manor Llc ($50,000), Mcap Danville Llc ($25,000), Mcap Eastern Shore Llc ($25,000).

Recipient	Purpose	Amount
MCAP DANVILLE LLC CHARLOTTESVILLE, VA	AFFORDABLE HOUSING	$25,000
MCAP CEDAR MANOR LLC CHARLOTTESVILLE, VA	AFFORDALBE HOUSING	$50,000
MCAP EASTERN SHORE LLC CHARLOTTESVILLE, VA	AFFORDABLE HOUSING	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
B HUNT WHITBECK JR	EXECUTIVE DI	30	$72,900
DONALD ALLISON	VICE PRESIDE	2	$36,000
NORMAN B GOLD	PRESIDENT	2	$36,000

Frequently Asked Questions

How large is American Foundation for Affordable?

As of 2024, American Foundation for Affordable holds $9.8M in total assets with $946K in annual revenue. It awarded 3 grants totaling $100K in 2024.

Where does American Foundation for Affordable operate?

American Foundation for Affordable has awarded grants in Virginia.

What size grants does American Foundation for Affordable award?

In 2024, American Foundation for Affordable awarded 3 grants totaling $100K — an average of about $33K per grant, based on its IRS Form 990 filings.

What is American Foundation for Affordable's EIN?

American Foundation for Affordable's EIN (Employer Identification Number) is 54-1660503. IRS Form 990 filing data is available on this page for 2020–2024.