Southern Hills Housing Corporation
- Assets
- $83.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 02/1996
- Data as of
- 06/2021
- EIN
- 35-1967721
Organization Overview
Southern Hills Housing Corporation is located in New Albany, IN. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Hills 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 06/2021, Southern Hills Housing Corporation generated $37.9k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $60.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SOUTHERN HILLS HOUSING CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 10 UNIT GROUP HOME IN JASPER, INDIANA, KNOWN AS CLIFFORD BIERS HOMES , PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WHICH GOVERNS THE OPERATION OF THE PROPERTY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT. THE PRAC IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Bates President | 0.2 | $0 | |
Nick Clark Secretary/treasurer | 1.75 | $0 | |
Jeana Bateman Vice President | 0.2 | $0 | |
Joe Kimmel Director | 0.2 | $0 | |
Darnell Jackson Director | 0.2 | $0 | |
Renee Baines Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,591 |
| Total Program Service Revenue | $32,109 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $229 |
| Total Revenue | $37,936 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,439 |
| Occupancy, rent, utilities, and maintenance | $35,230 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,205 |
| Total expenses | $60,874 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,523 |
| Other assets | $0 |
| Total assets | $83,252 |
| Total liabilities | $344,206 |
| Net assets or fund balances | -$260,954 |
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