Abilene Housing Inc
- Assets
- $1.7m
- Revenue
- $526.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Abilene, KS
- Founding
- 03/1979
- Data as of
- 09/2022
- EIN
- 48-0853525
Organization Overview
Abilene Housing Inc is located in Abilene, KS. The organization was established in 1979. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Abilene Housing Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene 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 09/2022, Abilene Housing Inc generated $526.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $524.3k during the year ending 09/2022. While expenses have increased by 3.0% 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
PROVIDING LOW-INCOME HOUSING AND SOCIAL ACTIVITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRONTIER ESTATES PROVIDES AN INDEPENDENT LIVING FACILITY (60 APARTMENT UNITS) TO HOUSE THE LOW-INCOME ELDERLY. FUNDING FOR THE LOW-INCOME ELDERLY IS PROVIDED THROUGH SECTION 8 HOUSING PAYMENTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). ABILENE HOUSING (SOCIAL FUND) PROVIDES RESIDENTS WITH A LARGE COMMUNITY ROOM AND ALLOWS FOR SOCIAL AFFAIRS, FAMILY GATHERINGS, AND SPECIAL ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Nelson Manager | Officer | 40 | $58,232 |
Elgin J Glanzer Treasurer | OfficerTrustee | 1 | $0 |
R Harold Courtois President Secretary | OfficerTrustee | 1 | $0 |
Dennis Biggs MD Board Chair | OfficerTrustee | 1 | $0 |
Andrea Taylor Board Member | Trustee | 1 | $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 | $2,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,106 |
| Total Program Service Revenue | $509,031 |
| Investment income | $15,706 |
| 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 | $526,843 |
| 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. | $58,232 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$854 |
| Payroll taxes | $1,613 |
| Fees for services: Management | $83,802 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,989 |
| Advertising and promotion | $2,318 |
| Office expenses | $10,975 |
| Information technology | $7,249 |
| Royalties | $0 |
| Occupancy | $156,161 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,716 |
| Interest | $19,944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,548 |
| Insurance | $10,289 |
| All other expenses | $0 |
| Total functional expenses | $524,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,641 |
| Savings and temporary cash investments | $34,355 |
| 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 | $974,284 |
| Investments—publicly traded securities | $258,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,737,084 |
| Accounts payable and accrued expenses | $56,045 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,424 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $564,709 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $641,178 |
| Net assets without donor restrictions | $1,006,645 |
| 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 | $1,737,084 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |