Housing Opportunities Inc
- Assets
- $10.4m
- Revenue
- $5.6m
- Investments
- $57.6k
- Employees
- 53
- Location
- Valparaiso, IN
- Founding
- 03/1997
- Data as of
- 06/2022
- EIN
- 35-1965214
Organization Overview
Housing Opportunities Inc is located in Valparaiso, IN. The organization was established in 1997. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Housing Opportunities Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2022, Housing Opportunities Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 9.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING OPPORTUNITIES INC. RESOLVES AND PREVENTS HOMELESSNESS IN PORTER AND LAPORTE COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL ASSISTANCE (RAPID REHOUSING) - FINANCIAL ASSISTANCE AND SERVICES TO PREVENT INDIVIDUALS AND FAMILIES FROM BECOMING HOMELESS OR TO HELP THOSE WHO ARE EXPERIENCING HOMELESSNESS TO BE QUICKLY RE-HOUSED AND STABILIZED IN RENTAL UNITS WITHIN THE COMMUNITY. HOUSING OPPORTUNITIES, INC HOUSED 475 RENTAL ASSISTANCE CLIENTS DURING THE FISCAL YEAR ENDING JUNE 30, 2022. THESE COUNTS INCLUDE TENANTS SERVED BY COVID-RELIEF RENTAL ASSISTANCE PROGRAMS.
PERMANENT SUPPORTIVE HOUSING - SUPPORTIVE RENTAL HOUSING AND INDIVIDUALIZED CASE MANAGEMENT SERVICES FOR PERSONS/FAMILIES WITH DIAGNOSED DISABILITIES. 146 CLIENTS HOUSED DURING FISCAL YEAR ENDING JUNE 30, 2022. HOUSING OPPORTUNITIES OWNED AND/OR MANAGED 58 PERMANENT SUPPORTIVE HOUSING UNITS AS OF FISCAL YEAR END.
AFFORDABLE RENTALS - INCOME-BASED RENTAL HOUSING TO PROVIDE LOWER INCOME INDIVIDUALS AND FAMILIES WITH ACCESS TO SAFE, AFFORDABLE HOUSING. 170 CLIENTS HOUSED IN FISCAL YEAR ENDING JUNE 30, 2022. HOUSING OPPORTUNITIES, INC OWNED AND/OR MANAGES 147 AFFORDABLE RENTAL UNITS AS OF FISCAL YEAR END.
EMERGENCY HOUSING AND RESOURCE CENTER - WE PROVIDE EMERGENCY HOUSING AND SUPPORTIVE WRAPAROUND SERVICES FOR INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS. RESOURCE CENTER OFFERS SHOWERS, LAUNDRY, KITCHEN, FOOD PANTRY, LOCKERS, ACCESS TO PHONE AND COMPUTERS, ALONG WITH CASE MANAGEMENT SERVICES. 144 CLIENTS HOUSED DURING THE FISCAL YEAR.STREET OUTREACH - WE PROVIDE DIRECT CONNECTION AND RESOURCE SUPPORT FOR PERSONS EXPERIENCING HOMELESSNESS. SERVICES INCLUDE ACCESS TO OUR RESOURCE CENTER, CONNECTION TO COMMUNITY RESOURCES, AND PERSONAL SUPPORT. 199 CLIENTS SERVED IN THE FISCAL YEAR. ALL DATA IS FOR FISCAL YEAR ENDING JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Stanfill CEO | Officer | 40 | $96,600 |
Lynda Gravier Director Of Finance | Officer | 40 | $62,702 |
Jim Starin Chair | OfficerTrustee | 2 | $0 |
Jocelyn Hibshman Vice Chair | OfficerTrustee | 2 | $0 |
Mary Idstein Treasurer | OfficerTrustee | 2 | $0 |
Wes Barnes Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,076,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,409 |
| Noncash contributions included in lines 1a–1f | $173,240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,676,925 |
| Total Program Service Revenue | $917,341 |
| Investment income | $7,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,541 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,592,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,055,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,053 |
| Compensation of current officers, directors, key employees. | $102,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $991,058 |
| Pension plan accruals and contributions | $17,191 |
| Other employee benefits | $87,162 |
| Payroll taxes | $86,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,487 |
| Fees for services: Accounting | $20,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,716 |
| Advertising and promotion | $0 |
| Office expenses | $27,933 |
| Information technology | $76,775 |
| Royalties | $0 |
| Occupancy | $492,394 |
| Travel | $29,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,166 |
| Insurance | $81,700 |
| All other expenses | $5,056 |
| Total functional expenses | $4,463,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,591 |
| Savings and temporary cash investments | $290,068 |
| Pledges and grants receivable | $312,396 |
| Accounts receivable, net | $97,072 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $929,966 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,509 |
| Net Land, buildings, and equipment | $8,189,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,639 |
| Investments—program-related | $56,292 |
| Intangible assets | $0 |
| Other assets | $164,233 |
| Total assets | $10,403,121 |
| Accounts payable and accrued expenses | $138,375 |
| Grants payable | $0 |
| Deferred revenue | $22,696 |
| 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 | $1,959,873 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $673,823 |
| Total liabilities | $2,794,767 |
| Net assets without donor restrictions | $7,586,354 |
| Net assets with donor restrictions | $22,000 |
| 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 | $10,403,121 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Housing Opportunities Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Shive-Hattery Group Charitable Contribution Fund Inc Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $1,000 |
Endowment Analysis
| Beg. Balance | $56,398 |
| Earnings | -$7,259 |
| Admin Expense | $786 |
| Net Contributions | $10,173 |
| Grants | $887 |
| Ending Balance | $57,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apostolic Christian Lifepoints Inc Morton, IL | $42,471,151 | $22,063,470 |
Knox County Association For Remarkable Citizens Inc Vincennes, IN | $24,536,291 | $19,956,533 |
St Colettas Of Illinois Tinley Park, IL | $3,321,726 | $15,993,167 |
Helping Hand Center Countryside, IL | $22,525,393 | $16,246,364 |
Paladin Inc Michigan City, IN | $9,460,565 | $15,902,073 |
Aspire Of Illinois Hillside, IL | $18,983,817 | $18,724,686 |
Hillcroft Services Inc Muncie, IN | $16,936,926 | $14,933,830 |
Bona Vista Programs Inc Kokomo, IN | $19,070,860 | $15,130,764 |
The Arc Of The Quad Cities Area Rock Island, IL | $28,274,211 | $14,437,427 |
Community Living Inc Saint Peters, MO | $12,260,618 | $12,484,742 |
Glenkirk Northbrook, IL | $14,078,509 | $14,943,615 |
Sycamore Rehabilitation Services Hendricks County Arc Inc Danville, IN | $24,418,697 | $15,506,732 |