Eq Housing Advisors Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To serve as a much-needed umbrella in the affordable housing ecosystem involved in all things affordable housing for low-income people. EQ Housing Advisors shall advocate and work to drive policy, provide rental and/or for-sale thru acquisitions and/or development, invest in projects that provide affordable housing for low income persons, advice, mentor and consult with other sponsors/developers involved in providing affordable housing for low income persons, serve as a philanthropic organization in general in the ecosystem of housing for lower income persons, and to sell housing units to residents/owners who make no more than 80-120 percent of the area's median income as computed and published by the Department of Housing and Urban Development (HUD).
- Income
- $1.2 million
- Spending
- $294,215
- Spent on programs
- 98%
- Reserves
- 101.8 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 1
- Volunteers
- 5
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
Strong: 90 out of 100. Higher than 81% of charities in its peer group (housing, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 101.8 months of spending.
Debt
10 of 20It owes 46% of what it owns.
Living within its means
15 of 15Income exceeded spending by 76% of income.
Income trend
15 of 15Income rose 5743% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 0 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
Fair: 68 out of 100. Higher than 18% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or 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 (1)
- $286,839 spent. The past, present, and future activities of the Corporation focus on investing in, acquiring, building, , rehabilitating, and owning affordable housing for low-, very low-, moderate-, and workforce-income families and individuals. In compliance with IRS Revenue Procedure 1996-32, for each rental housing facility developed or acquired by the Corporation:1. At least 75 percent of the units will be occupied by residents earning no more than 80 percent of the area's median income (AMI), as computed and published by the Department of Housing and Urban Development (HUD).2. Additionally, either:a) At least 20 percent of the units will be occupied by residents earning no more than 50 percent of AMI as published by HUD; orb) At least 40 percent of the units will be occupied by residents earning no more than 60 percent of AMI as published by HUD.For multifamily rental housing projects, the Corporation will adhere to a broader mission that provides for much needed workforce housing at 80-120% of AMI to address workforce housing needs in its target markets. These units are intended to provide affordable housing options for individuals and families who earn above traditional affordable housing thresholds but still face challenges accessing market-rate housing.For for-sale housing projects, the Corporation intends to sell housing units to residents/owners earning between 80 percent and 120 percent of AMI, as computed and published by HUD. These workforce housing investments align with the Corporation's mission to expand access to affordable housing across a broader income spectrum while addressing critical gaps in housing affordability.The Corporation's activities reflect its commitment to serving households earning between 30 percent and 120 percent of AMI through a combination of rental housing developments and acquisitions, for-sale housing initiatives, and workforce housing investments. These efforts are designed to meet diverse community needs while maintaining compliance with applicable IRS requirements and broadening our mission.The activities of the Corporation will be conducted by the Board of Directors and officers of the Corporation and a management company as described in Part V, Question 7, which the Corporation anticipates contracting with after it receives tax-exempt status. The Corporation will conduct its activities in the United States, with an initial focus on the Atlanta metro area. 100 percent of the Corporations time will be allocated to its charitable activities. The Corporation's activities will be funded by charitable grants from governmental entities, individuals, and private foundations, equity and/or debt from financial institutions, investment income, and rents and fees from tenants living in the Corporations facilities. Rent and fees will be reasonable and the Corporation intends to charge a monthly rental fee as determined by HUD annually. The monthly rental fee schedule will be determined on a facility by facility basis and will be in an amount sufficient to repay any indebtedness in connection with the facility, maintain adequate reserves for the upkeep of the facility and pay all other reasonable costs associated with running a quality affordable housing facility. It is the Corporation's intention to operate its facilities at the lowest feasible cost consistent with its financial obligations and charitable purposes. The Corporation will attempt to make arrangements for payment plans that follow HUD rules in the event a tenant is unable to pay his or her portion of rent or other fees. If a tenant is still unable to make payments after a payment plan is put in place, then the Corporation will follow HUD rules and local landlord tenant laws for notices and processing of eviction. 100 percent of the Corporation's revenue and expenses will be allocated to it's activities.The activities of the Corporation will further its tax exempt purposes by providing affordable, quality housing to low income individuals and providing relief to the poor.
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
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.
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 October 13, 2026.
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.
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.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 October 21, 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.