Low Income Housing Coalition Of Alabama
- Assets
- $125.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-2860761
Organization Overview
Low Income Housing Coalition Of Alabama is located in Birmingham, AL. The organization was established in 2009. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Low Income Housing Coalition Of Alabama is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Low Income Housing Coalition Of Alabama generated $83.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $191.7k during the year ending 12/2023. While expenses have increased by 13.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INCREASING HOUSING OPPORTUNITIES FOR PEOPLE IN ALABAMA WITH THE GREATEST FINANCIAL NEED. GOALS INCLUDE ADVOCATING FOR A DEDICATED REVENUE SOURCE FOR THE STATE HOUSING TRUST FUND, SECURING A STABLE MEMBERSHIP BASE, INCREASING LINKAGES TO PROVIDE SUPPORTIVE HOUSING, AND ESTABLISHING A STATEWIDE HOUSING POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rusty Bennett Executive Director | 15 | $0 | |
Lori Floyd President | 1 | $0 | |
Eula Jackson Vice President | 1 | $0 | |
Gennia Baldwin Treasurer | 1 | $0 | |
Brandon Dixon Secretary | 1 | $0 | |
Candy Ayers Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,271 |
| Total Program Service Revenue | $0 |
| Membership dues | $650 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,914 |
| Total Revenue | $83,835 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $185,669 |
| Total expenses | $191,669 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,361 |
| Other assets | $0 |
| Total assets | $124,971 |
| Total liabilities | $41,514 |
| Net assets or fund balances | $83,457 |