Health-Care Education And Living In Poverty
- Assets
- $610.8k
- Revenue
- $199.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-2735838
Organization Overview
Health-Care Education And Living In Poverty is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health-Care Education And Living In Poverty 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 12/2023, Health-Care Education And Living In Poverty generated $199.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $129.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
(C)HELP, MISSION IS TO ADVANCE EQUITABLE ACCESS TO CAPITAL ON TERMS THAT ARE REASONABLE & SUSTAINABLE TO BUILD ASSETS, BENEFIT COMMUNITIES - WITHIN ECONOMICALLY DISTRESSED POPULATIONS (WITH EMPHASIS IN RURAL COMMUNITIES), IN SUPPORT OF ECONOMIC OPPORTUNITY, AFFORDABLE HOUSING, AND FINANCIAL PRODUCTS AND DEVELOPMENT & INFRASTRUCTURE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IS TO ENSURE THAT MINORITY AND LMI COMMUNITIES HAVE ACCESS TO SOUND FINANCIAL PRODUCTS AND SERVICES. THIS IS COMPLEMENTED BY OUR EFFORTS TO BUILD A MORE INCLUSIVE AND EQUITABLE ENVIRONMENT BOTH WITHIN COMMUNITIES WE SERVE [AND THE COMPANY ITSELF]. MOREOVER, WE FOCUS ON FULLY UTILIZING THE EXISTING OR NEW SERVICES AVAILABLE TO THE INVESTMENT COMMUNITY [SOCIAL AND/OR ECONOMIC CONDITIONS OF LOW-INCOME, DISTRESSED, AND/OR UNDERSERVED PEOPLE OR COMMUNITIES] BY ESTABLISHING CONNECTIONS TO CULTURALLY COMPETENT FINANCE & LOAN PROFESSIONALS TO ENSURE THAT EVERYONE HAS ACCESS TO A WORKING CAPITAL. THUS, WORKING WITH PARTNER ORGANIZATIONS TO ESTABLISH NEW FINANCIAL PRODUCTS & SERVICES THAT TARGET IDENTIFIED PRIORITIES, INCLUDING 1) PROVIDING AFFORDABLE HOUSING; 2) CREATING ACCESS TO FOOD AND ESSENTIAL SERVICES; 3) INCREASING THE QUALITY AND AVAILABILITY OF NEIGHBORHOOD FACILITIES; 4) CREATING EMPLOYMENT OPPORTUNITIES; 5) ATTRACTING ADDITIONAL INVESTMENT; AND 6) STRENGTHENING THE SOCIAL AND ECONOMIC FABRIC OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Waters President/ceo | Officer | 40 | $79,000 |
Leandra Waters Vice President | Officer | 1 | $0 |
Kellie Waters VP Operations | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,999 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $198,999 |
| 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. | $79,000 |
| Compensation of current officers, directors, key employees. | $79,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,261 |
| Travel | $1,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,147 |
| All other expenses | $16,927 |
| Total functional expenses | $129,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $52,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $610,769 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $610,769 |
| 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 | $610,769 |