Housing Counseling Services Inc
- Assets
- $4.4m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 119
- Location
- Washington, DC
- Founding
- 10/1973
- Data as of
- 06/2021
- EIN
- 52-0958568
Organization Overview
Housing Counseling Services Inc is located in Washington, DC. The organization was established in 1973. 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 06/2021, Housing Counseling Services Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Counseling Services 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 06/2021, Housing Counseling Services Inc generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $14.7m during the year ending 06/2021. While expenses have increased by 13.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING COUNSELING AND TRAINING TO LOW & MODERATE INCOME BUYERS, HOMEOWNERS & TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING OPPORTUNITIES FOR PEOPLE WITH AIDS - WE PROVIDE VARIOUS HOUSING SERVICES OFFERED TO PEOPLES WITH HIV/AIDS. THIS ASSISTANCE IS TYPICALLY PROVIDED TO APPROXIMATELY 4,074 HOUSEHOLDS.
EMERGENCY RENTAL ASSISTANCE TO HOMELESS FAMILIES - WE PROVIDE VARIOUS TYPES OF ASSISTANCE TO APPROXIMATELY 1,683 HOUSEHOLDS. THEY INCLUDE:- ASSISTANCE TO FAMILIES WITH CHILDREN, DISABLED PEOPLE AND ELDERLY PEOPLE.- ASSISTANCE WITH FIRST MONTH'S RENT AND SECURITY DEPOSIT OR WITH RENT ARREARAGES.- ASSIST VETERANS WITH EMERGENCY ASSISTANCE AS WELL AS HOMELESSNESS PREVENTION AND RE-HOUSING.
COMMUNITY BASED SERVICES - WE PROVIDE HOUSING COUNSELING, ADVOCACY AND TRAINING TO LOW/MODERATE INCOME HOME BUYING, HOMEOWNERS, AND TENANTS. AS A RESULT, THEY ARE ABLE TO LIVE IN HEALTHY, SAFE, AND AFFORDABLE HOMES. THIS ASSISTANCE IS TYPICALLY PROVIDED TO APPROXIMATELY 16,961 HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Siegel Executive Director | Officer | 35 | $147,574 |
Sarah T Hill Deputy Director | 35 | $137,772 | |
Renee Kelly Program Director | 35 | $112,128 | |
Oscar Mitchell Program Director | 35 | $110,388 | |
Margarita Dilone President | OfficerTrustee | 1 | $0 |
Damien Atkins Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ldr Associates Llc Accounting | 6/29/21 | $120,662 |
Perfect Homes Inspection Llc Home Inspections | 6/29/21 | $145,000 |
Metropolitan Quality Inspections Inc Home Inspections | 6/29/21 | $145,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,245,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,398,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,644,515 |
| Total Program Service Revenue | $853,634 |
| Investment income | $423 |
| 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 | $16,498,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,239,103 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,876 |
| Compensation of current officers, directors, key employees. | $15,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,370,258 |
| Pension plan accruals and contributions | $180,642 |
| Other employee benefits | $329,539 |
| Payroll taxes | $435,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $196,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $763,624 |
| Advertising and promotion | $0 |
| Office expenses | $339,278 |
| Information technology | $94,859 |
| Royalties | $0 |
| Occupancy | $533,285 |
| Travel | $19,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,794 |
| Insurance | $36,404 |
| All other expenses | $0 |
| Total functional expenses | $14,729,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,847,872 |
| Savings and temporary cash investments | $93,927 |
| Pledges and grants receivable | $425,000 |
| Accounts receivable, net | $940,721 |
| 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 | $81,760 |
| Net Land, buildings, and equipment | $21,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $4,430,833 |
| Accounts payable and accrued expenses | $471,511 |
| Grants payable | $650,325 |
| Deferred revenue | $106,846 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,549 |
| 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 | $206,767 |
| Total liabilities | $1,468,998 |
| Net assets without donor restrictions | $2,114,906 |
| Net assets with donor restrictions | $846,929 |
| 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 | $4,430,833 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Housing Counseling Services Inc has recieved totaling $305,000.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $180,000 |
National Low Income Housing Coalition And Low Income Housing Washington, DC PURPOSE: $80K ERASE | $80,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $45,000 |
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 |