Echo Housing Corporation
- Assets
- $7.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Evansville, IN
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 35-1831922
Organization Overview
Echo Housing Corporation is located in Evansville, IN. The organization was established in 1993. 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. As of 12/2022, Echo Housing Corporation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echo Housing Corporation 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, Echo Housing Corporation generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, REHABILITATE, AND DEVELOP PROPERTY FOR THE PURPOSE OFPROVIDING HOUSING TO HOMELESS, NEAR HOMELESS, AND OTHER LOW INCOMEFAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SAFE, AFFORDABLE HOUSING AND SUPPORTING SERVICES TO HOMELESSFAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy D Chandler President | OfficerTrustee | 1 | $0 |
Jason Fisher Treasurer | OfficerTrustee | 1 | $0 |
Kendra Nance Secretary | OfficerTrustee | 1 | $0 |
Rev Gerald Arnold Board Member | Trustee | 1 | $0 |
Sheryl Hoosier Board Member | Trustee | 1 | $0 |
Darla Olberding Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,000 |
| Related organizations | $0 |
| Government grants | $1,447,372 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,711,539 |
| Total Program Service Revenue | $396,372 |
| Investment income | $41,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,724 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,170,041 |
| 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. | $131,960 |
| Compensation of current officers, directors, key employees. | $19,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,310 |
| Payroll taxes | $37,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,710 |
| Fees for services: Accounting | $42,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,875 |
| Advertising and promotion | $0 |
| Office expenses | $39,695 |
| Information technology | $18,783 |
| Royalties | $0 |
| Occupancy | $142,448 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,419 |
| Insurance | $51,716 |
| All other expenses | $9,613 |
| Total functional expenses | $1,763,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $285,586 |
| Accounts receivable, net | $337,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,040,562 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102 |
| Net Land, buildings, and equipment | $4,544,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $7,696,141 |
| Accounts payable and accrued expenses | $72,774 |
| Grants payable | $0 |
| Deferred revenue | $9,390 |
| 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 | $529,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $614,118 |
| Net assets without donor restrictions | $6,782,023 |
| Net assets with donor restrictions | $300,000 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $7,696,141 |