The Affordable Housing Opportunity Fund

CHARLOTTESVILLE, VA EIN: 84-2840147

The Affordable Housing Opportunity Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTESVILLE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 6 grants totaling $4.9M. Net investment income was $6K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

+97.1% YoY

Annual Giving

$4.9M

+64.2% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$811K

+9.4% YoY

Under IRS private-foundation payout rules, The Affordable Housing Opportunity Fund reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.

About The Affordable Housing Opportunity Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $19.0M (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	$2,697,790	$1,368,823	$1,676,485
Revenue	$3,737,738	$2,804,529	$1,854,162
Expenses	$4,969,876	$3,112,191	$881,214
Qualifying Distributions	$4,865,287	$2,963,617	$880,000
Net Investment Income	$6,449	$142	$700
Distributable Amount	$2,569,360	$6,247	$4,874

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Charlottesville Community Development Corp ($2,720,000), Charlottesville Community Development Corp ($1,489,000), Charlottesville Community Development Corp ($307,141).

Recipient	Purpose	Amount
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP CHARLOTTESVILLE, VA	CRESCENT HALLS RENOVATION	$2,720,000
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP CHARLOTTESVILLE, VA	SOUTH FIRST PHASE II	$1,489,000
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP CHARLOTTESVILLE, VA	SIXTH STREET	$150,000
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP CHARLOTTESVILLE, VA	SIXTH STREET PHASE II	$2,550
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP CHARLOTTESVILLE, VA	WESTHAVEN	$196,596
CHARLOTTESVILLE COMMUNITY DEVELOPMENT CORP CHARLOTTESVILLE, VA	SOUTH FIRST PHASE I	$307,141

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ASHLEY DAVIES	VICE PRESIDENT	10	—
ANN KINGSTON	CHAIRPERSON	2.5	—
ALAN TAYLOR	SECRETARY	2.5	—
MADIE ADKINS	TREASURER	2.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Affordable Housing Opportunity Fund?

The Affordable Housing Opportunity Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTESVILLE, VA. It holds $2.7M in total assets as of 2024.

How large is The Affordable Housing Opportunity Fund?

As of 2024, The Affordable Housing Opportunity Fund holds $2.7M in total assets with $3.7M in annual revenue. It awarded 6 grants totaling $4.9M in 2024.

Where does The Affordable Housing Opportunity Fund operate?

The Affordable Housing Opportunity Fund has awarded grants in Virginia.

What size grants does The Affordable Housing Opportunity Fund award?

In 2024, The Affordable Housing Opportunity Fund awarded 6 grants totaling $4.9M — an average of about $811K per grant, based on its IRS Form 990 filings.

How much is The Affordable Housing Opportunity Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Affordable Housing Opportunity Fund reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Affordable Housing Opportunity Fund's EIN?

The Affordable Housing Opportunity Fund's EIN (Employer Identification Number) is 84-2840147. IRS Form 990 filing data is available on this page for 2020–2024.