Capital Area Multi-Housing Inc
- Assets
- $928.2k
- Revenue
- $752.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 31-1793354
Organization Overview
Capital Area Multi-Housing Inc is located in Austin, TX. The organization was established in 2001. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Capital Area Multi-Housing 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 12/2021, Capital Area Multi-Housing Inc generated $752.3k in total revenue. All expenses for the organization totaled $31.4k during the year ending 12/2021. While expenses have increased by 40.2% per year over the past 5 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 A MEANS OF FINANCING THE COSTS OF RESIDENTIAL OWNERSHIP AND DEVELOPMENT THAT WILL PROVIDE DECENT, SAFE, AFFORDABLE AND SANITARY HOUSING FOR PERSONS OF LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A MAJORITY OWNER OF A JOINT VENTURE ORGANIZED TO EXECUTE, DELIVER AND PERFORM UNDER A CONSTRUCTION CONTRACT AND TO ACT AS GENERAL CONTRACTOR FOR THE PERFORMANCE OF CONSTRUCTION AND REHABILITATION SERVICES WITH RESPECT TO THE HILLS AT LEANDER PROJECT, A NEW SENIOR AFFORDABLE APARTMENT COMMUNITY WITH 228 UNITS IN LEANDER, TEXAS.
THE ORGANIZATION IS THE SOLE MEMBER OF THE GENERAL PARTNERS IN THREE LIMITED PARTNERSHIPS WHOSE PURPOSES ARE TO ACQUIRE, CONSTRUCT AND OPERATE THREE SEPARATE MULTIFAMILY RESIDENTIAL RENTAL COMPLEXES IN KYLE, SAN MARCOS, AND AUSTIN, TEXAS. ONCE CONSTRUCTION IS COMPLETED, THESE COMPLEXES WILL PROVIDE 876 AFFORDABLE HOUSING RESIDENCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mayfield Vice President | OfficerTrustee | 0 | $0 |
James E Shaw President | OfficerTrustee | 0 | $0 |
Mark Jones Director | Trustee | 0 | $0 |
Ryan Thomason Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ply Gem Windows Construction | 9/29/20 | $101,655 |
Ranger Excavating Lp Construction | 9/29/20 | $299,021 |
Hr Mechanical & Johnson Supply Construction | 9/29/20 | $583,560 |
Ars Specialty Contractors Llc Construction | 9/29/20 | $159,804 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $752,201 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $752,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,350 |
| Advertising and promotion | $0 |
| Office expenses | $97 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$374,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,246,617 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $928,214 |
| Accounts payable and accrued expenses | $210,794 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $210,794 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $717,420 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $928,214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |
Dallas Neighborhood Alliance For Habitat Dallas, TX | $1,401,689 | $4,975,573 |
Tierra Del Sol Housing Corporation Las Cruces, NM | $16,041,382 | $6,574,879 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
Affordable Community Housing Trust Edmond, OK | $6,149,448 | $2,689,134 |
Lago De Plata Inc Dallas, TX | $0 | $4,971,984 |
St Jude Inc Dallas, TX | $20,844,887 | $6,967,988 |
St Martin De Porres Inc Dallas, TX | $5,546,092 | $2,713,631 |
American Agape Foundation Inc San Antonio, TX | $16,088,776 | $3,043,665 |
Yes Housing Of Arizona Inc Albuquerque, NM | $521,637 | $1,757,878 |