Community Affordable Housing Equity Corporation
CAHEC'S PRIMARY MISSION IS TO RAISE CAPITAL TO FINANCE THE DEVELOPMENT OF AFFORDABLE MULTI-FAMILY RENTAL HOUSING UNDER THE PROVISIONS OF THE FEDERAL LOW-INCOME HOUSING TAX CREDIT PROGRAM (SECTION 42 OF IRC); and MAKE AVAILABLE AN ARRAY OF SUPPORTIVE SERVICE initiatives.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$28.3M
-5.4% YoY
Annual Giving
$208K
+9.0% YoY
Grant Count
18
+12.5% YoY
Avg Grant Size
$12K
-3.1% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,274,760 | $29,897,037 | $32,501,366 |
| Revenue | $17,757,204 | $10,248,278 | $13,277,781 |
| Expenses | $17,030,014 | $14,733,274 | $13,847,624 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $214,425 | $24,072 | $94 |
| 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 10 recipients in 2024
Grant Size Distribution
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Community Affordable Housing Equity Corporation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Andrew Bowden | Board Member | 1 | — |
| Anne Conner | Chairman of the Board | 1 | — |
| John Rucker | Board Member | 1 | — |
| Keith Nisbet | Board Member | 1 | — |
| Margaret Penn | Secretary & Treasurer | 1 | — |
| Nate Barber | Vice Chair | 1 | — |
| Scott Selig | Board Member | 1 | — |
| Stephen O'Connor | Board Member | 1 | — |
| William Turner | Board Member | 1 | — |
| Dana Boole | President and CEO | 40 | $705,268 |
| Erin Griffin | Chief Financial Officer | 40 | $343,478 |
| Robert Landis | Sr. Vice President | 40 | $238,694 |
| Sonya Prear | Vice President | 40 | $297,396 |
| William Mayo | Vice President | 40 | $314,139 |
| Amy Mallory | Manager, Fund Management | 40 | $242,297 |
| Brian Oxford | Manager, Community Capital | 40 | $242,911 |
| George Baker | VP, CAHEC Properties Corp. | 40 | $270,108 |
| Joseph Erdelyi | Manager, Risk Management | 40 | $189,363 |
| Marcus Gipner | Manager, Fund Development | 40 | $264,175 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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