Piedmont Housing Alliance Incorporated
- Assets
- $40.2m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 67
- Location
- Charlottesville, VA
- Founding
- 02/1985
- Data as of
- 06/2022
- EIN
- 52-1361731
Organization Overview
Piedmont Housing Alliance Incorporated is located in Charlottesville, VA. The organization was established in 1985. 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 06/2022, Piedmont Housing Alliance Incorporated employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Housing Alliance Incorporated 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 06/2022, Piedmont Housing Alliance Incorporated generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 8.9% 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
CREATE HOUSING AND COMMUNITY DEVELOPMENT OPPORTUNITIES FOR VERY LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS, TEACH FINANCIAL LITERACY AND MANAGEMENT, HOMEBUYING AND HOMEOWNERSHIP SKILLS, AND ADVOCATES FOR AFFORDABLE HOUSING POLICIES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST LOW INCOME INDIVIDUALS WITH AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sunshine Mathon Executive Di | Officer | 40 | $146,227 |
Charlene Green Deputy Direc | Officer | 40 | $112,773 |
William Bush CFO | Officer | 40 | $86,891 |
Ken Shevlin Treasurer | OfficerTrustee | 1 | $0 |
Roxanne Carter-Johnston Vice Preside | OfficerTrustee | 1 | $0 |
Crystal H Napier President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $748,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,155,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,904,294 |
| Total Program Service Revenue | $1,465,544 |
| Investment income | $242,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,123 |
| 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 | $6,545,967 |
| 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. | $345,891 |
| Compensation of current officers, directors, key employees. | $32,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,202,004 |
| Pension plan accruals and contributions | $106,480 |
| Other employee benefits | $278,109 |
| Payroll taxes | $211,178 |
| Fees for services: Management | $87,695 |
| Fees for services: Legal | $4,103 |
| 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 | $176,968 |
| Advertising and promotion | $2,794 |
| Office expenses | $17,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,476 |
| Travel | $2,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,392 |
| Interest | $95,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,715 |
| Insurance | $15,857 |
| All other expenses | $22,191 |
| Total functional expenses | $4,125,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36 |
| Savings and temporary cash investments | $11,718,445 |
| Pledges and grants receivable | $296,290 |
| Accounts receivable, net | $3,778,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,795,133 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,301 |
| Net Land, buildings, and equipment | $5,219,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,353,029 |
| Total assets | $40,182,499 |
| Accounts payable and accrued expenses | $189,334 |
| Grants payable | $0 |
| Deferred revenue | $299,482 |
| 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 | $394,336 |
| Unsecured mortgages and notes payable | $15,074,323 |
| Other liabilities | $1,275 |
| Total liabilities | $15,958,750 |
| Net assets without donor restrictions | $15,267,879 |
| Net assets with donor restrictions | $8,955,870 |
| 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 | $40,182,499 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Piedmont Housing Alliance Incorporated has recieved totaling $5,982,266.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: THE PREMIER CIRCLE REDEVELOPMENT PROJECT | $4,250,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: THE FRIENDSHIP COURT COMMUNITY RESOURCE CENTER INCLUDING THE EARLY LEARNING CENTER | $500,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $330,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: RECOVERABLE GRANT IN SUPPORT OF RCDF | $250,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: FOR RENOVATIONS AT 405 PREMIER CIRCLE | $200,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: GRANT TO PHA FROM UVA FOR PREMIER CIRCLE PROJECT | $200,000 |
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 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
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 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Comprehensive Housing Assistance Inc Baltimore, MD | $35,424,449 | $4,587,920 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |
Neighborhood Capital Corporation Silver Spring, MD | $106,804,353 | $10,287,510 |
Ngena Foundation Washington, DC | $0 | $167 |