People For Better Housing Inc
- Assets
- $2.7m
- Revenue
- $893.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Federalsburg, MD
- Founding
- 05/1978
- Data as of
- 12/2022
- EIN
- 52-1110633
Organization Overview
People For Better Housing Inc is located in Federalsburg, MD. The organization was established in 1978. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. People For Better 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 12/2022, People For Better Housing Inc generated $893.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $760.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES HOUSING FOR LOW TO MODERATE INCOME FAMILIES. THERE ARE 3 PROJECTS WITH 73 TOTAL UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cederick Turner President | 2 | $0 | |
Zea Washington Vice Pres/tr | 2 | $0 | |
Lametha Elbert Secretary | 2 | $0 | |
Mary Dennard-Turner Sgt Of Arms | 1 | $0 | |
Douglas Dobson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $792 |
| Interest on Savings | $349 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $891,875 |
| Total Revenue | $893,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $130,494 |
| Pension plans, employee benefits | $30,580 |
| Interest | $30,107 |
| Taxes | $56,699 |
| Depreciation | $107,052 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,645 |
| Printing and publications | $0 |
| Other expenses | $381,457 |
| Total operating and administrative expenses | $759,964 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $759,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,708 |
| Savings and temporary cash investments | $388,684 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,994,656 |
| Other assets | $18,849 |
| Total assets | $2,703,897 |
| Accounts payable and accrued expenses | $33,705 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,234,470 |
| Other liabilities | $47,092 |
| Total liabilities | $2,315,267 |