Quality Housing Foundation I Inc
- Assets
- $674.2k
- Revenue
- $869.6k
- Investments
- $150.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 31-1634912
Organization Overview
Quality Housing Foundation I Inc is located in Atlanta, GA. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Housing Foundation I 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 12/2022, Quality Housing Foundation I Inc generated $869.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $275.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Brading President | 7 | $65,137 | |
Mack R Leath Director | 3 | $4,000 | |
Suzette Scott Director | 5 | $21,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $839,784 |
| Capital Gain Net Income | $1,137,865 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,800 |
| Total Revenue | $869,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,391 |
| Other employee salaries and wages | $14,741 |
| Pension plans, employee benefits | $0 |
| Interest | $6,133 |
| Taxes | $46,752 |
| Depreciation | $11,200 |
| Occupancy | $12,199 |
| Travel, conferences, and meetings | $2,590 |
| Printing and publications | $0 |
| Other expenses | $4,969 |
| Total operating and administrative expenses | $217,165 |
| Contributions, gifts, grants paid | $58,000 |
| Total expenses and disbursements | $275,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,192 |
| Savings and temporary cash investments | $250,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $150 |
| Net Land, buildings, and equipment | $108,822 |
| Other assets | $0 |
| Total assets | $674,164 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $84,881 |
| Other liabilities | $0 |
| Total liabilities | $84,881 |
Grants Awarded
Over the last fiscal year, Quality Housing Foundation I Inc has awarded $58,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE SEEDS OF CHANGE SOCIETY PURPOSE: EMERGENCY & SUPPORT ASSISTANCE TO WOMENFAMILIES | $10,000 |
BUCKHEAD CHRISTIAN MINISTRIES PURPOSE: CHRISTIAN MINISTRIES | $10,000 |
PEACHTREE ROAD UMC PURPOSE: CHRISTIAN MINISTRIES | $15,000 |
AUXILIARY AT PIEDMONT ATLANTA PURPOSE: SERVE HOSPITAL IN PROMOTING HEALTH & WELFARE | $6,000 |
SKYLAND TRAIL PURPOSE: RESIDENTIAL MENTAL HEALTH TREATMENT ORGANIZATION | $7,000 |
PEACHTREE RD UM CHECK 1006 PURPOSE: CHRISTIAN MINISTRIES | $10,000 |