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Alexandria Housing Development Corporation

EIN 84-1650039 · Alexandria, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak30 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.
  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA.

Income
$16.6 million
Spending
$20.3 million
Spent on programs
91%
Reserves
-91.5 months of spending
Largest source of income
fees for its services, 86%
Employees
25
Volunteers
8
Highest pay
$280,307, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 30 out of 100. Higher than 6% of charities in its peer group (housing, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 104% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 23% of income.

  • Income trend

    15 of 15

    Income rose 17% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 5 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 23% of charities in its peer group (housing, $10m to $100m).

  • Independent board

    25 of 25

    7 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (6)
  1. $11.8 million spent. THE ORGANIZATION ACQUIRED PARKSTONE ALEXANDRIA APARTMENTS ON JANUARY 28, 2020. THE ORGANIZATION OWNS AND OPERATES THIS 326-UNIT APARTMENT COMPLEX LOCATED IN ALEXANDRIA, VIRGINIA. THE ORGANIZATION IS THE SOLE MEMBER AND DEVELOPER FOR AHDC PC DR, LLC.
  2. $4.6 million spent. IN FEBRUARY 2022, THE ORGANIZATION ACQUIRED THE SQUARE AT 511 (FORMALLY PARK VUE APARTMENTS). THIS ACQUISITION PRESERVED A MARKET RATE PROPERTY FOR PERMANENT AFFORDABILITY. AS A RESULT OF THIS ACQUISITION BY THE ORGANIZATION, ALL 196 UNITS WILL BE PERMANENTLY RESTRICTED TO RENTS NOT TO EXCEED 60% OF AREA MEDIAN INCOME. IN MAY OF 2024, THE ORGANIZATION REFINANCED THE SQUARE AT 511 APARTMENTS. HOUSING ALEXANDRIA WAS ONE OF THE FIRST ORGANIZATIONS TO CLOSE THE AMAZON ACQUISITION LOAN. IN TOTAL, THE ORGANIZATION WAS ABLE TO RETURN TO AMAZON JUST UNDER $20 MILLION FROM THE ORIGINAL ACQUISITION.
  3. $1.5 million spent. THE SHARED EQUITY HOMEOWNERSHIP PROGRAM WAS FINALIZED IN 2023. THE PROJECT UNDER THIS PROGRAM IS UNDER CONSTRUCTION. HOUSING ALEXANDRIA SEMINARY ROAD DEVELOPMENT WILL MAKE HOMEBUYING MORE AFFORDABLE IN ALEXANDRIA BY BUILDING 36 NEW HOMES FOR FAMILIES. THE ORGANIZATION CONTINUED CONSTRUCTION OF CARDINAL PATH TOWNHOME PROJECT WITH AIMS OF COMPLETION IN 2025. THE DEVELOPMENT USES A SHARED EQUITY HOMEOWNERSHIP MODEL WITH 36 HOMES. THIS WORK ALSO DEVELOPS AN EXPANDED SERVICE SPACE FOR SHELTERED HOMES OF ALEXANDRIA, WHICH PROVIDES HOUSING AND SUPPORTIVE SERVICES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
  4. $438,559 spent. THE ORGANIZATION ACQUIRED ELLSWORTH APARTMENTS ON SEPTEMBER 5, 2019. THE ORGANIZATION OWNS AND OPERATES THIS 20-UNIT APARTMENT COMPLEX LOCATED IN ALEXANDRIA, VIRGINIA. THE ORGANIZATION IS THE SOLE MEMBER AND DEVELOPER FOR AHDC ELLSWORTH, LLC.
  5. THE ORGANIZATION HAS ACQUIRED A RESIDENTIAL UNIT FOR THE PURPOSE OF PROVIDING RENTAL HOUSING, AT NO COST, TO A RETIRED CITY OF ALEXANDRIA POLICE OFFICER.
  6. GROUNDBREAKING ON THE SANS/NAJA BUILDING BEGAN IN 2023. THE PROJECT WILL CREATE 474 AFFORDABLE HOUSING UNITS, 100 OF WHICH WILL BE AVAILABLE AT A DEEPLY AFFORDABLE 40% MEDIAN AREA INCOME THRESHOLD. THE CITY OF ALEXANDRIA HAS APPROVED $64 MILLION FOR THE PROJECT, AND VIRGINIA HOUSING HAS APPROVED $16.8 MILLION.IN 2024, THE ORGANIZATION LAUNCHED ITS RENT READY PROGRAM IN ALEXANDRIA WITH A FOCUS ON ARLANDRIA, WHERE THE SANS PROJECT WILL BE LOCATED. THIRTEEN CLASSES WERE HOSTED IN THE ARLANDRIA-CHIRILAGUA COMMUNITY, INCLUDING SEVEN INFORMATIONAL SESSIONS AND SIX SKILL-BUILDING COURSES. THE GOAL OF RENT READY IS TO HELP THE OVER 230 ENROLLED FAMILIES INCREASE THE COMPLETION RATE FOR APPLICATIONS TO ENSURE INDIVIDUALS AND FAMILIES FACE MINIMAL ISSUES WHEN MOVING IN, FACILITATING ACCESS TO AFFORDABLE AND SMOOTH HOUSING TRANSITIONS. IN THE END OF 2024, THE ORGANIZATION CLOSED ON FINANCING FOR PHASE 1 OF THE SANS PROJECT. THE REAL ESTATE TEAM SIGNED UP APPROXIMATELY $50 MILLION IN EQUITY AND OVER $70 MILLION IN CONSTRUCTION-TO-PERMANENT DEBT. THIS IS IN ADDITION TO FINANCIAL SUPPORT FROM THE CITY OF ALEXANDRIA, WHICH TOTALS $78 MILLION FOR THE ENTIRE PROJECT. THE SANS/NAJA DEVELOPMENT IS EXPECTED TO BE COMPLETED IN 2026.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2007.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.