Alpha Phi Alpha Homes

What Alpha Phi Alpha Homes does

Alpha Phi Alpha Homes, Inc. is a 501(c)-style nonprofit affordable housing organization incorporated in Ohio and headquartered at 662 Wolf Ledges Parkway, Akron. Founded in 1966, the organization operates a 19-property portfolio spanning Northeast Ohio (Akron, Ashtabula, Campbell, Cuyahoga Falls, Ravenna, Stow, Wooster, Alliance, Massillon, Warren, Cleveland) and Downtown Chicago (Alpha Tower, 17 floors, 149 units), providing housing for low-income seniors aged 62 or older or disabled individuals and low-income families. The senior portfolio comprises 16 properties — including highrise towers of 8 to 17 floors (Henry A. Callis Tower, 277 units; James R. Williams Tower, 148 units; Charles H. Wesley Tower, 101 units; Lionel H. Newsom Tower, 42 units; Alpha Tower Chicago, 149 units) and lower-density cottage-style buildings — totaling more than 1,200 senior units. Family housing is anchored by Channelwood Village Apartments (144 two-bedroom, 110 three-bedroom, and 20 four-bedroom units) plus additional townhouse developments.

Name

Alpha Phi Alpha Homes

Legal name

Alpha Phi Alpha Homes, Inc.

Website

https://alphahomes.org

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

51–100 employees

Short description

Alpha Phi Alpha Homes is a nonprofit affordable housing organization operating 19 properties across Northeast Ohio and Downtown Chicago, providing HUD-subsidized rental housing for low-income seniors (62+) and families, plus supportive services and a new market-rate townhome product.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Residential Care Facilities (6239), New Housing For-Sale Builders (236117)

SIC

Services-To Dwellings & Other Buildings (7340), Services-Social Services (8300)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Affordable & Public Housing Asset Management (BPAJAMAI)

Keywords

• Affordable housing
• Senior housing
• Subsidized rentals
• Family housing
• Supportive services

Headquarters

HQ city

Akron

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Residential Rent (Income-Based): Primary revenue is derived from residential rent payments calculated as 30% of tenant's adjusted gross income. This is HUD PRAC (Project Rental Assistance Contract) subsidized housing where tenants pay income-based rent and HUD provides rental assistance to cover the difference to the property.
2. HUD Service Coordinator Multifamily Grants: Vonda Traylor oversees more than $300,000 in HUD Service Coordinator Multifamily Grants for supportive services. These federal grants fund service coordination staff and programs at the properties.
3. Townhome Sales: The Residences at Good Park offers market-rate townhomes for sale starting at $275,000 with 15-year tax abatement, representing a separate revenue stream from traditional rental housing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Alpha Phi Alpha Homes is a nonprofit affordable housing provider operating 19 properties (16 senior housing and 3 family housing) across Northeast Ohio and Downtown Chicago. It delivers HUD PRAC-subsidized rental housing (rent calculated at 30% of tenant adjusted gross income), on-site supportive services (service coordination, nutrition programs with 1,700+ monthly congregate meals, health and wellness programming), and market-rate for-sale townhomes at The Residences at Good Park.

Product overview

Alpha Phi Alpha Homes operates a portfolio of 19 senior and family housing properties across Northeast Ohio and Downtown Chicago, Illinois. The organization provides income-based housing with rent calculated at 30% of adjusted gross income under HUD PRAC programs. Senior housing consists of 16 distinct properties including highrise towers (ranging from 8 to 17 floors), two-story buildings, and one-story cottage-style facilities with a combined total of over 1,200 units. Family housing includes Channelwood Village Apartments and townhouse communities offering 2-4 bedroom units. Additionally, the organization offers supportive services including service coordination, nutrition programs providing over 1,700 congregate meals monthly, health and wellness initiatives, and community engagement programs such as the Charles Brown Pickleball Training Academy.

Differentiator

Problem solved

Functional benefit

Products and services

• Senior Affordable Housing Portfolio (16 properties) A network of 16 senior housing properties (highrise towers and single-story cottage-style buildings) providing HUD PRAC-subsidized one- and two-bedroom rental units to low-income residents aged 62 or older, or disabled individuals. Rent is set at 30% of adjusted gross income, with utilities (water, heat, electricity) included and security deposit equal to one month's rent. No application or move-in fees are charged at HUD PRAC properties. Senior properties include Henry A. Callis Tower (277 units), Charles H. Wesley Tower (101 units), James R. Williams Tower (148 units), Alpha Tower in Chicago (149 units), Lionel H. Newsom Tower (42 units), Allen Place (40 units), Ridgeview Terrace (50 units), Vertner W. Tandy Apartments (70 units), Friendship Terrace (40 units), Raymond R. Brown Hollow (40 units), Robert L. Bendor Woods, George H. Nichols Woods (5 units), Terra Quest (18 units), Alpha Housing Estate, James T. Rushin Meadows (33 units), and Robert A. Morrison Village.
• Family Affordable Housing Portfolio A network of family housing properties providing subsidized 2-4 bedroom rental units to low-income families under the HUD PRAC program. Rent is set at 30% of adjusted gross income; water utility is included. The portfolio includes Channelwood Village Apartments (144 two-bedroom garden apartments, 110 three-bedroom townhouses, 20 four-bedroom townhouses at 731 Dunbar Drive, Akron), Raymond R. Brown Hollow family units (six two-story buildings with 50 two- and three-bedroom units at 2222 Melrose Drive), and NDC Homes (four townhouse buildings with 16 three- and four-bedroom units at 765 Boulevard Street and Thornton Street).
• The Residences at Good Park (Market-Rate Townhomes)

Quantifiable outcome

• Over 1,700 congregate meals provided per month through the Nutrition Program
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• Direction HomeminorOthersCommunity partner and stakeholder in the Supportive Services network. Direction Home is part of the service coordination ecosystem providing resources to residents.
• Ohio Erie CanalminorOthersStakeholder relationship for community programming and resources benefiting Alpha Homes residents.
• Akron-Canton Food BankcoreOthersKey community partner supporting the Nutrition Program which provides over 1,700 congregate meals per month to residents. Food bank partnership is critical to supportive services mission.
• Cleveland Public LibraryminorOthersCommunity partner providing educational resources including iPad giveaways and digital literacy programs for residents.
• Roetzel Consulting SolutionscoreImplementation/ SI/ Consulting PartnerLegal and consulting firm providing legal counsel, public law expertise, public finance guidance, and government relations services. Team includes Lewis W. Adkins Jr. (Shareholder, Practice Group Manager), Diana M. Feitl (Shareholder, Director), and Jason Dodson (Shareholder, Practice Group Manager for Real Estate & Development). Adkins previously served as General Counsel to Summit County.
• Charles Brown Pickleball Training AcademyminorOthersCommunity fitness program partnership offering pickleball training at 671 Callis Oval, Akron, OH 44311. Instructors include Willie Davis Jr., Dalvin Horton, Richard Decatur, with program leadership from Dr. Albert Bragg Jr., Vonda Traylor, Rahman Wilder, Barbara Brown, Kim Horton, and Pam Davis.
• EXP Realty (Catherine N. Haller)minorChannel Partner/ Reseller/ DistributorReal estate brokerage representing Alpha Phi Alpha Homes for market-rate townhome sales at Residences at Good Park. Contact: Catherine N. Haller, REALTOR, M.M., 330-472-3261, [email protected]
• The Eberhardt Group (Candice Eberhardt)minorChannel Partner/ Reseller/ DistributorReal estate brokerage representing Alpha Phi Alpha Homes for market-rate townhome sales at Residences at Good Park. Contact: Candice Eberhardt, 330-865-6612, [email protected]
• Cleveland MetroparksminorOthersCommunity partner providing nature programming and outdoor activities for residents at DAL property.
• Balloflex FitnessminorOthersFitness programming partner providing wellness activities at Wesley Tower including group fitness classes for residents.

Scale indicators4 records

Recent moves1 record

Expansion highlights4 records

Direct peers

• National Church Residences: One of the largest nonprofit providers of affordable senior housing in the U.S., operating HUD-subsidized senior communities across multiple states. Directly comparable to Alpha Phi Alpha Homes' HUD PRAC senior portfolio model, scale of supportive services, and mission-driven nonprofit structure.
• Volunteers of America National Services: Nonprofit operator of affordable senior and family housing nationwide, including HUD Section 202 senior living properties with supportive services. Strong comparable given parallel HUD PRAC-style operating model and senior-focused housing focus.
• Mercy Housing: National nonprofit affordable housing developer and operator serving seniors, families, and special needs populations using LIHTC, HUD, and project-based subsidy programs. Closely comparable to Alpha Phi Alpha Homes' nonprofit affordable housing model with integrated supportive services.
• CHN Housing Partners: Cleveland-based nonprofit affordable housing developer providing senior and family rental housing across Northeast Ohio with supportive services. Strongest regional comparable given overlapping geographies, target populations, and service-driven nonprofit model.
• The NHP Foundation: National nonprofit developer and operator of affordable senior and multifamily housing using HUD and LIHTC programs. Comparable to Alpha Phi Alpha Homes in nonprofit structure, senior housing concentration, and supportive services integration.

Broad incumbents

• Beacon Communities: Large for-profit affordable housing developer with a national portfolio spanning senior, family, and mixed-income communities. Comparable in scale and asset-management breadth but distinguished from Alpha Phi Alpha's nonprofit HUD-PRAC concentration.
• WinnCompanies: Large, established property manager and developer of affordable and market-rate multifamily housing across the U.S. Relevant as a peer for property management scale and affordable portfolio operations, although for-profit and broader in scope.

Regional players

• Akron Metropolitan Housing Authority: Local public housing authority serving Akron, Ohio, providing subsidized rental housing and Housing Choice Vouchers. Comparable given overlapping service area, target population (low-income seniors and families), and HUD program reliance; several of Alpha Phi Alpha's executives previously managed at this PHA.
• NRP Group: Cleveland-based for-profit developer of multifamily affordable and market-rate housing with strong Ohio/Midwest presence. Comparable given geographic overlap and family rental housing focus, though structured as a for-profit developer rather than nonprofit operator.

Others

• Roetzel Consulting Solutions / Roetzel & Andress: Law firm and consulting partner providing public law, public finance, real estate, and government relations services to Alpha Phi Alpha Homes. Listed as an ecosystem partner rather than a competitor — relevant for understanding the company's professional services network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Alpha-Phi-Alpha-Homes-Inc-124648570943911
• Instagraminstagram.com/alphaphialphahomes
• LinkedInlinkedin.com/company/alpha-phi-alpha-homes-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alpha Phi Alpha Homes