Atlantic Housing Foundation Inc
To foster, support, provide, acquire, construct, rehabilitate and operate qualified affordable housing for low-income persons and families, elderly, and mentally or physically disabled persons where no adequate housing exists for such persons. Provide aid to the poor and distressed, provide decent, safe and sanitary housing, provide social services to low income persons and families, assist in the social and economic integration of the poor, combat community deterioration, lessen neighborhood tensions, eliminate prejudice and discrimination, and reduce the burden of government through the provision of affordable housing.In order to further assist the communities the Foundation serves or will serve, the board amended the Articles of Incorporation to include the charitable purpose of providing student housing as part of its charitable purposes, and filed the amended articles with the IRS and the South Carolina Secretary of State as of April 24, 2004. The board of directors concluded that
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$439.2M
-16.8% YoY
Annual Giving
$200K
Grant Count
1
Avg Grant Size
$200K
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $439,221,223 | $528,140,962 | $540,951,595 |
| Revenue | $120,912,541 | $101,000,581 | $98,028,406 |
| Expenses | $117,636,361 | $112,402,795 | $106,224,237 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $16,426,309 | $4,942,541 | $7,273,346 |
| 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 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Nguyen | President & CEO | 40 | $574,498 |
| Wilfredo Saqueton | CFO, Scty,Treas | 40 | $289,611 |
| Carrie Stumfall | COO | 40 | $232,354 |
| Timothy Cone | Dir Development | 40 | $225,471 |
| Heather Baker | Dir Property Mgmt | 40 | $176,862 |
| Kent Foster | Assoc Dir of Dev | 40 | $165,502 |
| Keria Caldwell | Mgr of Asset Risk | 40 | $148,835 |
| Ruben Gomez | Trustee LI Rep | 2 | $10,000 |
| Stepanie Laxton | Trustee LI Rep | 2 | $10,000 |
| Michael Duffy | Chairman | 2 | $10,000 |
| Alan Naul | Trustee | 2 | $10,000 |
| Rachel Hayden | Trustee | 2 | $10,000 |
| Amanda Mccullough | Trustee LI Rep | 2 | $10,000 |
| James Kilpatrick Smith | Trustee | 2 | $5,000 |
| Robert Voelker | Trustee | — | $2,500 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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