Echo Housing Corporation
- Assets
- $7.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Evansville, IN
- Founding
- 04/1993
- Data as of
- 12/2021
- 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 12/2021, Echo Housing Corporation employed 21 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 12/2021, Echo Housing Corporation generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.7% 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
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 |
|---|---|---|---|
Chris Metz Executive Director | Officer | 40 | $71,980 |
Kendra Nance Secretary | OfficerTrustee | 1 | $0 |
Jason Fisher Treasurer | OfficerTrustee | 1 | $0 |
Lu Porter Vice President | OfficerTrustee | 1 | $0 |
Roy D Chandler President | OfficerTrustee | 1 | $0 |
Lucy Himstedt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,363,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,451,799 |
| Total Program Service Revenue | $396,115 |
| Investment income | $39,933 |
| 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 | $1,961,180 |
| 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. | $75,803 |
| Compensation of current officers, directors, key employees. | $11,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,432 |
| Payroll taxes | $35,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,643 |
| Fees for services: Accounting | $19,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,075 |
| Advertising and promotion | $0 |
| Office expenses | $23,358 |
| Information technology | $21,433 |
| Royalties | $0 |
| Occupancy | $129,346 |
| Travel | $474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,076 |
| Insurance | $61,524 |
| All other expenses | $5,178 |
| Total functional expenses | $1,649,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,317 |
| Savings and temporary cash investments | $2 |
| Pledges and grants receivable | $199,619 |
| Accounts receivable, net | $290,220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,999,927 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102 |
| Net Land, buildings, and equipment | $4,554,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $7,281,805 |
| Accounts payable and accrued expenses | $58,781 |
| Grants payable | $0 |
| Deferred revenue | $11,585 |
| 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 | $629,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $701,550 |
| Net assets without donor restrictions | $6,580,255 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,281,805 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Echo Housing Corporation has recieved totaling $63,389.
| Awarding Organization | Amount |
|---|---|
Bussing-Koch Foundation Inc Evansville, IN PURPOSE: GENERAL OPERATING EXPENSE | $33,000 |
Cecil A And Mabel Lene Hamman Foundation Inc Evansville, IN PURPOSE: GENERAL OPERATING EXPENSE | $21,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,822 |
Welborn Baptist Foundation Inc Evansville, IN PURPOSE: NONPROFIT EXCELLENCE | $3,552 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Lester And Rosalie Anixter Center Chicago, IL | $16,517,406 | $29,142,038 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
The Village At Mercy Creek Lemont, IL | $14,145,576 | $2,549,375 |
Equity Homes Saint Louis, MO | $10,741,730 | $5,549,027 |
Squire Village Preservation Nfp Chicago, IL | $14,277,143 | $2,435,203 |
3700 Green Tree Corporation Milwaukee, WI | $10,160,568 | $2,809,473 |
Horizon Housing Development Company St Louis, MO | $1,964,053 | $2,445,702 |