Federation of Appalachian Housing Enterprises (FAHE) is a 501(c)(3) nonprofit organization headquartered in Berea, Kentucky, established in November 1980. The organization operates as a network of over 50 community-based nonprofit organizations across six states in the Appalachian region. FAHE functions as a bridge connecting local organizations to specialized resources, expertise, and funding opportunities to expand housing and community development projects. The organization positively impacts over 80,000 individuals annually through its various programs and services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$120.9M
+5.1% YoY
Annual Giving
$7.7M
+1.4% YoY
Grant Count
50
-37.5% YoY
Avg Grant Size
$153K
+62.2% YoY
Mission & Focus Areas
FAHE's mission is to bring people, organizations, and resources together to build homes, communities, and a thriving Appalachia through expanding economic opportunity and security for all. As leaders, the organization speaks with a unified voice to influence policy, philanthropy, and systems change.
Primary focus areas include:
Mortgage Lending: JustChoice Lending (JCL) operates as a full-service mortgage lender that strengthens communities by creating successful homeowners. JCL was the first nonprofit third-party originator for USDA Rural Development and has been instrumental in creating a national nonprofit packaging system for USDA Rural Development 502 direct loans. The organization is a Fannie Mae/Freddie Mac seller/servicer, allowing rural regions to access capital that may be unavailable from other lenders.
Community Lending Services: FAHE couples a community loan fund with lending expertise to facilitate the flow of impactful private and public investments into housing and community development projects across the region.
Strategic Programs: Connects different organizations to specialized resources and manages grant-funded programs including the Kentucky Access to Recovery Program and Partners for Rural Transformation. This team facilitates connections for funding, partnerships, education, advocacy, and consulting.
Housing Support Services: Provides opportunities for families to take steps toward homeownership, business startup, and access to essential community services.
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Geographic Focus
Where this funder awards grants
FAHE operates across six states in the Appalachian region, with its membership network of over 50 local nonprofit organizations serving as community liaisons throughout the area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of June 2024:
- Total Assets: $120,890,390
- Total Revenue: $22,418,734
- Total Expenses: $21,434,216
- Employees: 107
As of June 2023:
- Total Assets: $115,000,000
- Total Revenue: $24,900,000
- Total Expenses: $19,600,000
- Total Liabilities: $71,900,000
Financial Rankings:
- Nationally: Ranks in the top 1% of nonprofits by assets (9,307 out of 2,656,690 organizations)
- Kentucky: Ranks 104 out of 31,364 organizations by assets (top 1%)
- Madison County, KY: Ranks 2 out of 653 nonprofits by assets (top 1%)
- Within its NTEE classification (L020 - Housing, Shelter): Ranks 1st in both assets and revenue
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $120,890,390 | $114,989,190 | $106,776,784 |
| Revenue | $22,418,734 | $24,889,054 | $18,063,408 |
| Expenses | $21,434,216 | $19,640,867 | $12,731,295 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $601,649 | $277,423 | $119,078 |
| 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
208 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jim King: Chief Executive Officer
- Sara Morgan: Chief Investment Officer and President
- Jenn Cerecedes: Chief Operating Officer
- Janel Lawson: Senior Vice President, Single Family Lending
- Traviss Witt: Advancement Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADAM DICKSON | AT LARGE SEAT | 1 | — |
| ANDY KEGLEY | VA CAUCUS REPRESENTATIVE | 1 | — |
| ARON BOLDOG | AL CAUCUS REPRESENTATIVE | 1 | — |
| CHRISTAL CROUSO | WV CAUCUS REPRESENTATIVE | 1 | — |
| DANA BEZERRA | AT LARGE SEAT | 1 | — |
| DIANE N LOEFFLER | AT LARGE SEAT | 1 | — |
| DONNA GAMBRELL | AT LARGE SEAT | 1 | — |
| EMILY WILSON-HAUGER | WV CAUCUS REPRESENTATIVE | 1 | — |
| JACKIE MAYO | CHAIRPERSON OF BOARD, TN C | 1 | — |
| JAKE POWELL | 2ND VICECHAIR VA CAUCUS RE | 1 | — |
| JEFF MOSLEY | AT LARGE SEAT | 1 | — |
| LINDY TURNER | TN CAUCUS REPRESENTATIVE | 1 | — |
| MARY ELLEN JUDAH | AL CAUCUS REPRESENTATIVE | 1 | — |
| SCOTT MCREYNOLDS | VICE CHAIRPERSON OF BOARD | 1 | — |
| SETH LONG | KY CAUCUS REPRESENTATIVE | 1 | — |
| BRITTNEY MURPHY | CFO AND TREASURER | 40 | $138,981 |
| JESSICA ESTES | SECRETARY OF BOARD | 40 | $62,311 |
| JIM KING | CEO AND PRESIDENT OF BOARD | 40 | $232,096 |
| LAURA MEADOWS | VICE PRESIDENT OF BOARD | 40 | $134,469 |
| SARA BALL | OUTGOING SECRETARY OF BOARD | 40 | — |
| SARA MORGAN | PRESIDENT OF FAHE, VICE PRESIDENT OF BOARD | 40 | $164,614 |
| JOSE QUINONEZ | OUTGOING CHIEF OPERATIONS AND STRAT | 40 | $165,859 |
| PAM JOHNSON | SVP OF INNOVATION | 40 | $135,510 |
| RUSSELL J ESTRIDGE | SVP OF DEVELOPMENT | 40 | $119,924 |
Recent News & Activity
Recent developments and announcements
**MacKenzie Scott Grant (2023)**: FAHE received a $12 million grant from MacKenzie Scott.
Fahe Fahe Awarded $326,000 ARC ARISE Grant for new local leadership development**Community Development Financial Institutions Fund Grant (April 2023)**: Received a $2.5 million grant.
Fahe Fahe Awarded $326,000 ARC ARISE Grant for new local leadership development**ARC ARISE Grant**: Awarded $326,000 for a new local leadership development and workforce development initiative for affordable housing nonprofits in Appalachia.
Fahe Fahe Awarded $326,000 ARC ARISE Grant for new local leadership development**Strategic Grants Program**: FAHE awarded $2.4 million to strengthen Appalachian nonprofits.
Fahe Awards $2.4 Million to Strengthen Appalachian Nonprofits**JP Morgan Chase Debt Financing (January 2021)**: Received $250,000 in debt financing.
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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