Housing Assistance Council
- Assets
- $50.2m
- Revenue
- $11.6m
- Investments
- $475.5k
- Employees
- 32
- Location
- Washington, DC
- Founding
- 04/1974
- Data as of
- 09/2021
- EIN
- 52-0939288
Organization Overview
Housing Assistance Council is located in Washington, DC. The organization was established in 1974. 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 09/2021, Housing Assistance Council employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Assistance Council 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 09/2021, Housing Assistance Council generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $8.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Housing Assistance Council has awarded 103 individual grants totaling $1,894,283. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HOUSING CONDITIONS FOR THE POOREST OF THE POOR IN THE MOST RURAL PLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING PROGRAM - FINANCES AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-INCOME, RURAL RESIDENTS AND ADMINISTERS SEVERAL REVOLVING LOAN FUNDS TO PROMOTE AFFORDABLE HOUSING.
KNOWLEDGE SHARING- PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON RURAL HOUSING ISSUES TO VARIOUS COMMUNITY GROUPS THROUGHOUT THE US. THIS IS DONE THROUGH FORMAL TRAININGS, ONE-ON-ONE TECHNICAL ASSISTANCE AND CONNECTING LOCAL ORGANIZATIONS TO RESOURCES WHICH CAN BUILD THEIR CAPACITY AND STRENGTHEN THEIR COMMUNITY.
RESEARCH AND INFORMATION - CONDUCTS RESEARCH AND STUDIES AND REPORTS ON A WIDE RANGE OF TOPICS RELATED TO RURAL HOUSING RELATED TO THE HOUSING CONDITIONS OF THE RURAL POOR TO HELP INFORM SOUND HOUSING POLICIES AND STRATEGIES.
ADVOCACY AND OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lipsetz President & CEO | Officer | 40 | $252,054 |
Karin Klusmann Asst. Sec./treas./dir. Of Finance | Officer | 40 | $166,690 |
Eileen Neely Lending Director | 40 | $154,459 | |
Travis George Asst. Sec./research & Information | Officer | 40 | $151,505 |
Shonterria Charleston Training/technical Assist. Dir. | 40 | $133,143 | |
Jennifer Mcallister Development Manager | 40 | $124,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,320,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,433,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,754,723 |
| Total Program Service Revenue | $1,339,701 |
| Investment income | $58,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,367,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,554,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $493,579 |
| 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. | $677,007 |
| Compensation of current officers, directors, key employees. | $182,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,198,561 |
| Pension plan accruals and contributions | $91,049 |
| Other employee benefits | $143,836 |
| Payroll taxes | $532,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,180 |
| Fees for services: Accounting | $64,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,789 |
| Fees for services: Other | $517,095 |
| Advertising and promotion | $0 |
| Office expenses | $87,322 |
| Information technology | $132,238 |
| Royalties | $0 |
| Occupancy | $428,011 |
| Travel | $3,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,815 |
| Interest | $210,342 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,578 |
| Insurance | $63,233 |
| All other expenses | $0 |
| Total functional expenses | $7,967,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,516 |
| Savings and temporary cash investments | $14,865,781 |
| Pledges and grants receivable | $799,743 |
| Accounts receivable, net | $363,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,809,914 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,771 |
| Net Land, buildings, and equipment | $152,880 |
| Investments—publicly traded securities | $5,547,287 |
| Investments—other securities | $475,484 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,461 |
| Total assets | $50,242,099 |
| Accounts payable and accrued expenses | $415,517 |
| 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 | $4,399 |
| Secured mortgages and notes payable | $7,169,235 |
| Unsecured mortgages and notes payable | $10,050,497 |
| Other liabilities | $401,375 |
| Total liabilities | $18,041,023 |
| Net assets without donor restrictions | $9,651,521 |
| Net assets with donor restrictions | $22,549,555 |
| 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 | $50,242,099 |
Grants Awarded
Over the last fiscal year, Housing Assistance Council has awarded $435,273 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Crossville, TN PURPOSE: PROJECT DEVELOPMENT | $30,000 |
Bogalusa, LA PURPOSE: PROJECT DEVELOPMENT | $30,000 |
Wilmington, NC PURPOSE: PROJECT DEVELOPMENT | $24,000 |
Tuscaloosa, AL PURPOSE: PROJECT DEVELOPMENT | $24,000 |
San Elizario, TX PURPOSE: PROJECT DEVELOPMENT | $24,000 |
Fairfield, CA PURPOSE: PROJECT DEVELOPMENT | $24,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Housing Assistance Council has recieved totaling $830,064.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: To assist local charities | $530,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $100,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Lvm Foundation Houston, TX PURPOSE: UNRESTRICTED | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Counseling Services Inc Washington, DC | $4,430,833 | $16,498,572 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Comprehensive Housing Assistance Inc Baltimore, MD | $35,424,449 | $4,587,920 |
Neighborhood Capital Corporation Silver Spring, MD | $106,804,353 | $10,287,510 |
Ngena Foundation Washington, DC | $0 | $167 |
Piedmont Housing Alliance Incorporated Charlottesville, VA | $40,182,499 | $6,545,967 |
Huntington Housing Inc North Bethesda, MD | $7,451,355 | $2,137,802 |
Albemarle Housing Improvement Program Inc Charlottesville, VA | $5,877,628 | $5,756,026 |