Miami Valley Housing Opportunities Inc
- Assets
- $17.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 60
- Location
- Dayton, OH
- Founding
- 08/1991
- Data as of
- 06/2021
- EIN
- 31-1321426
Organization Overview
Miami Valley Housing Opportunities Inc is located in Dayton, OH. The organization was established in 1991. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Miami Valley Housing Opportunities Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Valley Housing Opportunities Inc 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 06/2021, Miami Valley Housing Opportunities Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $8.4m during the year ending 06/2021. While expenses have increased by 2.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DECENT, SAFE, AFFORDABLE HOUSING TO PERSONS IN MONTGOMERY COUNTY, OH WHO HAVE A MENTAL DISABILITY OR ARE RECOVERING FROM CHEMICAL DEPENDENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SEVERELY MENTALLY DISABLED RESIDENTS OF MONTGOMERY COUNTY, OHIO WITH AFFORDABLE HOUSING THROUGH 448 RENT-SUBSIDIZED SERVICE-SUPPORTED APARTMENTS FOR THE HOMELESS WITH DISABILITIES AND 472 SHELTER PLUS CARE VOUCHERS MANAGED BY THE ORGANIZATION IN COOPERATION WITH THE CITY OF DAYTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Watts-Robinson CEO | Officer | 40 | $145,596 |
Willie Jones Director Of Maintenance | Officer | 40 | $92,225 |
Donna Everson COO | Officer | 40 | $82,025 |
Katherine Hill Director Of Finance | Officer | 40 | $49,800 |
Connie Isaacs CFO (partial Year) | Officer | 40 | $32,421 |
Thanu Peiris CFO (dec - Feb) | Officer | 40 | $8,125 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&d Property Management Shelter Plus Care Tenant Rents | 6/29/21 | $192,523 |
Nile Investments Shelter Plus Care Tenant Rents | 6/29/21 | $214,480 |
Franchise Guy Shelter Plus Care Tenant Rents | 6/29/21 | $115,338 |
Iqbal Bajwa Shelter Plus Care Tenant Rents | 6/29/21 | $156,886 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,080,807 |
| Investment income | $45,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$737,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,922,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,953,118 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $449,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,455,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $487,478 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,661 |
| Fees for services: Accounting | $40,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,393 |
| Advertising and promotion | $311 |
| Office expenses | $191,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $546,231 |
| Travel | $22,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,161 |
| Interest | $33,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $400,211 |
| Insurance | $233,432 |
| All other expenses | $0 |
| Total functional expenses | $8,383,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,880 |
| Savings and temporary cash investments | $567,489 |
| Pledges and grants receivable | $207 |
| Accounts receivable, net | $883,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,219,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $291,571 |
| Investments—publicly traded securities | $250,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,036,813 |
| Total assets | $17,399,456 |
| Accounts payable and accrued expenses | $140,570 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,351,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,670 |
| Total liabilities | $5,591,496 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,807,960 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Miami Valley Housing Opportunities Inc has recieved totaling $795,049.
| Awarding Organization | Amount |
|---|---|
Corporation For Supportive Housing New York, NY PURPOSE: FINANCIAL ASSISTANCE | $776,799 |
Coalition On Homeless And Housing In Ohio Columbus, OH PURPOSE: EMERGENCY SHELTERING FUNDS | $15,000 |
Molina Healthcare Charitable Foundation Wilmington, DE PURPOSE: 30TH ANNIVERSARY CAMPAIGN - IMPROVING QUALITY OF LIFE OF CITIZENS OF MONTGOMERY COUNTY | $3,000 |
Kiwanis Club Of Dayton Ohio Foundation Inc Dayton, OH PURPOSE: CONTRIBUTION IN SUPPORT OF PERMANENT SUPPORTING HOUSING FOR HOMELESS PERSONS. | $250 |
Endowment Analysis
| Beg. Balance | $200,617 |
| Earnings | $49,853 |
| Ending Balance | $250,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |
Taylor Community Development Corp Taylor, MI | $29,334,174 | $14,242,807 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |