Advantage Housing Inc
- Assets
- $792.1k
- Revenue
- $634.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Kokomo, IN
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 45-4532258
Organization Overview
Advantage Housing Inc is located in Kokomo, IN. The organization was established in 2015. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Advantage Housing Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advantage 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, Advantage Housing Inc generated $634.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $712.5k during the year ending 12/2021. 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 PROVIDE HOUSING FOR INDIVIDUALS IN NEED, SUCH AS, BUT NOT NECESSARILY LIMITED TO , PEOPLE COMING FROM DOMESTIC ABUSE SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVID QUAILITY AFFORDABLE RENTAL HOUSING TO INDIVIDUALS IN NEED, AS WELL AS HOME OWNERSHIP OPPORTUNITIES TO PEOPLE OF MODERATE, LOW, AND VERY LOW INCOME. 331 PEOPLE BENEFITED DURING 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Mccoy Vice Preside | OfficerTrustee | 2 | $0 |
Michael Mygrant Board Treasu | OfficerTrustee | 2 | $0 |
Travis Tafflinger Board Secret | OfficerTrustee | 2 | $0 |
Pam Isaac Board Presid | OfficerTrustee | 2 | $0 |
Lori Baynes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $254,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,374 |
| Noncash contributions included in lines 1a–1f | $138,023 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,632 |
| Total Program Service Revenue | $32,043 |
| Investment income | $376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $88,751 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,612 |
| 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 | $194,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,241 |
| Advertising and promotion | $1,422 |
| Office expenses | $4,905 |
| Information technology | $9,977 |
| Royalties | $0 |
| Occupancy | $241,517 |
| Travel | $321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,342 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,559 |
| Insurance | $11,756 |
| All other expenses | $0 |
| Total functional expenses | $712,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,031 |
| Savings and temporary cash investments | $8,021 |
| Pledges and grants receivable | $21,968 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $176,647 |
| Prepaid expenses and deferred charges | $8,215 |
| Net Land, buildings, and equipment | $544,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,720 |
| Other assets | $0 |
| Total assets | $792,115 |
| Accounts payable and accrued expenses | $132,138 |
| 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 | $455,698 |
| Unsecured mortgages and notes payable | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $607,836 |
| Net assets without donor restrictions | $184,279 |
| 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 | $792,115 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Advantage Housing Inc has recieved totaling $666,176.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $648,631 |
Housing Action Illinois Chicago, IL PURPOSE: Pass through grant for HUD Comprehensive Housing Counseling Program. | $11,845 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $3,600 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $2,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Ozark Tri-County Health Care Consortium Neosho, MO | $16,683,948 | $25,504,215 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |