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Kentucky · Nonprofit

FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC

FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC (Kentucky) receives grants from 32 organizations whose IRS filings report $58,614,448 to it, the largest being THE FB HERON FOUNDATION ($22,981,292). 10 of them have funded it in more than one year.

Revenue FY2025
$39M
Funders on record
32
Grants received
$59M
Net assets
$59M
10/32 repeat funderspeak grant-dependency 82%
01What it does

What Federation of Appalachian Housing Enterprises Inc does

Mission

Fahe makes a difference by providing opportunities to the appalachian region, which has historically been one of the most impoverished in the nation. These opportunities positively change the lives of over 80,000 individuals annually by connecting other non-profits, communities, and individuals with the resources they need to create better lives. These resources include funding, partnership, education, advocacy, and consulting. Our efforts empower families to take the steps needed to buy a home, start a business, or access essential services for their communities. The primary way in which fahe is able to serve the region so effectively is due to its membership network. With 50+ local non-profit organizations across 6 states serving as boots-on-the-ground community liaisons, fahe is able to leverage its expertise through local partners to affect change to those in locations where traditional markets have failed.

As stated on its FY2025 Form 990.

Programs

  1. Strategic programs connects different organizations to specialized resources that will help expand their projects and improve the quality of life in their communities. This team manages grant funded programs such as the kentucky access to recovery program and partners for rural transformation.

    $8,508,740 spentof which $4,151,121 as grants$7,902,203 earned by the program
    39% of program spending
  2. Community lending services - fahe couples a community loan fund with outstanding lending expertise to facilitate the flow of impactful private and public investments into housing and community development projects across the region.

    $3,735,878 spentof which $45,570 as grants
    17% of program spending
  3. Home lending - jcl is a full-service mortgage lender that strengthens communities by creating successful homeowners. Justchoice was the first nonprofit third party originator for freedom and has been instrumental in creating a national nonprofit packaging system for usda rural development 502 direct loans. Jcl is a fannie/freddie seller/servicer as well allowing rural regions to access capital that could be unavailable from other lenders.

    $2,382,599 spentof which $34,499 as grants
    11% of program spending
  4. Loan servicing

    $1,431,741 spentof which $41,427 as grants
    7% of program spending
  5. Membership

    $5,582,492 spentof which $4,158,437 as grants
    26% of program spending

The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $21,641,450.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($13M) Expenses 100 ($6.7M) Net assets 100 ($31M)2018 Revenue 60 ($7.7M) Expenses 114 ($7.6M) Net assets 100 ($31M)2019 Revenue 62 ($7.9M) Expenses 118 ($7.9M) Net assets 100 ($31M)2020 Revenue 101 ($13M) Expenses 182 ($12M) Net assets 100 ($31M)2021 Revenue 98 ($13M) Expenses 168 ($11M) Net assets 104 ($32M)2022 Revenue 141 ($18M) Expenses 191 ($13M) Net assets 121 ($38M)2023 Revenue 195 ($25M) Expenses 294 ($20M) Net assets 138 ($43M)2024 Revenue 176 ($22M) Expenses 321 ($21M) Net assets 140 ($44M)2025 Revenue 306 ($39M) Expenses 352 ($24M) Net assets 190 ($59M)
'17'18'19'20'21'22'23'24'25
Revenue (306)Expenses (352)Net assets (190)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $121M to $159M (+32%).

$61M
$64M
$70M
$77M
$97M
$107M
$115M
$121M
$159M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 37% · 2018 16% · 2019 33% · 2020 32% · 2021 34% · 2022 37% · 2023 16% · 2024 36% · 2025 16%. Grants only. Government contracts and fees sit inside program revenue.

78% of FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (13% for the typical peer).

This organization
Typical peer · 881 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$6.1M
’17
$102k
’18
$7k
’19
$728k
’20
$1.3M
’21
$5.3M
’22
$5.2M
’23
$985k
’24
$16M
’25
16
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Jim King

CEO and president of board

Board chair

Jackie Mayo

Chairperson of board, tn c

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed161515222020262428
Joined·+1+0+8+1+1+6+2+11
No longer listed·20131047
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 7 funders, grant income rose $741k → $4.1M.

6 of 32 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 24% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC’s funders (the co-funder graph). Top 30 of 32 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC leans on a few funders — its largest provides 39% of grant income and the top three 78%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

37% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC.

39%
largest funder
78%
top three
~4
effective funders

Largest funder’s share by year: 2017 90% · 2018 71% · 2019 65% · 2020 33% · 2021 69% · 2022 82% · 2023 62% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

31% of FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC's funders are still giving 3 years after their first grant; 31% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC draws 97% of its grant income from funders outside Kentucky, across 14 states in all.

MN
MI
NY
MA
OH
NJ
CT
UT
KY
VA
MD
AR
NC
DC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Kentucky out of state home

Funder states come from each funder’s own filing. $14M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC runs a healthier operating margin than three-quarters of the 449 housing & shelter nonprofits its size.

Operating margin40% · top quartile
Months of reserve16.4mo · top quartile
Revenue growth (annualized)15% · above the median

this organization peer median middle 50% of peers· 449 housing & shelter nonprofits $10M–$100M, FY2025

Government funding FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.2M on record.

Federal$9.2M
grants $9.2Mcontracts $0
17
19
20
21
22
23
24
Top agencies
  • Department of the Treasury$7.6M
  • Appalachian Regional Commission$1.6M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Kentucky

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

92% of spending goes to programs.

Program 92%Management 3%Fundraising 5%

Governance

15
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

97%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 19 states

MN
IL
NY
MA
OH
NJ
CT
CA
CO
KY
VA
MD
AR
TN
NC
DC
MS
TX
FL

Part of a family of 5 related entities

  • Fahe Capital Corporation I · disregarded
  • Fahe Consulting LLC · disregarded
  • Fahe Holding Company LLC · disregarded
  • Fahe Tn LLC · disregarded
  • Park Community LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC?
FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC (Kentucky) receives grants from 32 organizations whose IRS filings report $58,614,448 to it, the largest being THE FB HERON FOUNDATION ($22,981,292). 10 of them have funded it in more than one year.
How many funders does FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC have?
IRS filings report 32 organizations giving $58,614,448 in grants to FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC, 10 of which have funded it in more than one year.
Who is the largest funder of FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC?
THE FB HERON FOUNDATION is the largest funder on record, with $22,981,292 in grants. The full list of funders is on this page.
How can an organization like FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 32 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing