TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS COMMUNITY THAT IMPROVES LIVES, FOSTERS ECONOMIC DEVELOPMENT AND REVITALIZES COMMUNITIES. (CONTINUED IN SCHEDULE O).A SUBSIDIARY OF THE ACTORS FUND, AFHDC WAS CREATED TO DEVELOP NEW AFFORDABLE HOUSING FOR THE PERFORMING ARTS AND ENTERTAINMENT COMMUNITY. AFHDC BRINGS TOGETHER EDUCATIONAL PROGRAMMING, ADVOCACY, MARKETING AND REAL ESTATE DEVELOPMENT WITH THE GOAL OF INCREASING ACCESS TO AFFORDABLE HOUSING OPPORTUNITIES FOR OUR CONSTITUENTS.OUR HOUSING PORTFOLIO CONSISTS OF 585 UNITS IN NEW YORK AND LOS ANGELES, WITH ANOTHER 158 IN DEVELOPMENT:- THE HOLLYWOOD ARTS COLLECTIVE IN HOLLYWOOD, CALIFORNIA- THE PALM VIEW IN WEST HOLLYWOOD, CALIFORNIA- THE DOROTHY ROSS FRIEDMAN RESIDENCE (FORMERLY THE AURORA) ON THE WEST SIDE OF MANHATTAN- THE SCHERMERHORN IN DOWNTOWN BROOKLYN- RIALTO WEST IN HELL'S KITCHEN, NEW YORK (IN DEVELOPMENT)
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024 | $4,307,187 ↓ | $4,544,811 | $9,215,867 |
| 2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023 | $18,171,689 ↑ | $3,991,288 | $9,453,491 |
| 2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022 | $2,701,938 ↑ | $3,679,532 | $-4,726,910 |
| 2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021 | $2,696,190 ↓ | $3,407,290 | $-3,749,316 |
| 2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020 | $3,685,702 ↑ | $3,231,265 | $-3,038,216 |
| 2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018 | $2,315,299 | $3,130,486 | $-3,565,156 |
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