Albemarle Housing Improvement Program Inc
- Assets
- $5.9m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Charlottesville, VA
- Founding
- 03/1997
- Data as of
- 06/2021
- EIN
- 54-1028220
Organization Overview
Albemarle Housing Improvement Program Inc is located in Charlottesville, VA. The organization was established in 1997. 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, Albemarle Housing Improvement Program Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albemarle Housing Improvement Program 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, Albemarle Housing Improvement Program Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. 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
AHIP BELIEVES THAT EVERYONE SHOULD BE SAFE AT HOME. AHIP IS A STATE- LICENSED CLASS A CONTRACTOR THAT WORKS YEAR-ROUND TO DELIVER EMERGENCY REPAIRS, HOUSING REHABS, AND ENERGY-EFFICIENCY SERVICES TO LOW-INCOME HOUSEHOLDS IN CHARLOTTESVILLE AND ALBEMARLE COUNTY. TO GET THE JOB DONE, AHIP WORKS WITH A SPECTRUM OF COMMUNITY PARTNERS, INCLUDING LOCAL GOVERNMENTS, LOCAL NONPROFITS, AREA SUBCONTRACTORS AND SUPPLIERS, VOLUNTEERS, LOCAL FOUNDATIONS, AND INDIVIDUAL CONTRIBUTORS. AS PUBLIC FUNDS FOCUS PRIMARILY ON RENTAL HOUSING DEVELOPMENT AND NEW CONSTRUCTION, AHIP'S PRIVATE SUPPORTERS ARE INCREASINGLY VITAL TO OUR ABILITY TO RESPOND TO THE COMMUNITY NEED; KEEP FAMILIES SAFER, HEALTHIER, AND MORE STABLE; PRESERVE EXISTING AFFORDABLE HOMES AND PROTECT FAMILY WEALTH; REDUCE OUR COMMUNITY'S RESIDENTIAL CARBON FOOTPRINT; SLOW DISPLACEMENT AND MAINTAIN NEIGHBORHOOD DIVERSITY; AND KEEP HOMEOWNERSHIP AFFORDABLE AND ATTAINABLE FOR LOW-INCOME HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AHIP TAKES A MULTIFACETED APPROACH TO TACKLING HOUSING NEEDS BY CARRYING OUT EMERGENCY REPAIRS, COMPREHENSIVE REHABS, AND ENERGY-EFFICIENCY UPGRADES. OUR CRITICAL REPAIR PROGRAMS ADDRESS BASIC SAFETY AND HEALTH CONCERNS AT HOME: FAILING ROOFS, LACK OF HEAT, FAILED WELLS AND SEPTIC SYSTEMS, FAULTY PLUMBING, DANGEROUS ELECTRICAL SYSTEMS, UNSAFE STRUCTURES, PEELING PAINT, DILAPIDATED KITCHENS AND BATHROOMS, MOLD, HAZARDOUS STEPS, LACK OF INSULATION, AND BROKEN WINDOWS AND DOORS. TOGETHER WITH OUR DONORS, BUSINESS PARTNERS, VOLUNTEERS, AND ADVOCATES LAST YEAR, WE KEPT 226 PEOPLE SAFE AND SECURE BY IMPROVING 97 HOMES WITH 156 CRITICAL REPAIRS AND RETROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Jacobs Executive Di | Officer | 40 | $96,463 |
Craig Kaiser CFO | Officer | 40 | $70,359 |
Waki Wynn President | OfficerTrustee | 3 | $0 |
Kristin Szakos Vice Preside | OfficerTrustee | 3 | $0 |
Victoria Jones Treasurer | OfficerTrustee | 3 | $0 |
Fred Missel Vice Preside | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Johnson Custom Windows & Doors Construction | 6/29/20 | $208,260 |
Johnson Custom Windows & Doors Construction | 6/29/20 | $208,260 |
Bridgeport Construction Construction | 6/29/20 | $104,435 |
Bridgeport Construction Construction | 6/29/20 | $104,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,360,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,220,276 |
| Noncash contributions included in lines 1a–1f | $64,648 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,580,536 |
| Total Program Service Revenue | $50,687 |
| Investment income | $7,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,756,026 |
| 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. | $164,222 |
| Compensation of current officers, directors, key employees. | $11,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $754,862 |
| Pension plan accruals and contributions | $16,885 |
| Other employee benefits | $126,136 |
| Payroll taxes | $69,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,397 |
| Office expenses | $91,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,511 |
| Interest | $11,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,399 |
| Insurance | $30,363 |
| All other expenses | $21,997 |
| Total functional expenses | $2,270,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604 |
| Savings and temporary cash investments | $5,113,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,850 |
| 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 | $5,803 |
| Net Land, buildings, and equipment | $361,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $337,471 |
| Total assets | $5,877,628 |
| Accounts payable and accrued expenses | $155,715 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $8,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $600 |
| Total liabilities | $264,715 |
| Net assets without donor restrictions | $5,327,817 |
| Net assets with donor restrictions | $285,096 |
| 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 | $5,877,628 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Albemarle Housing Improvement Program Inc has recieved totaling $549,335.
| Awarding Organization | Amount |
|---|---|
Oak Hill Fund Charlottesville, VA PURPOSE: TO COMPLETE FIVE OR MORE CRITICAL REHAB PROJECTS FOR LOW- AND VERY LOW-INCOME HOUSEHOLDS IN THE CITY OF CHARLOTTESVILLE. | $200,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: GENERAL PURPOSES | $73,000 |
Perry Foundation Incorporated Charlottesville, VA PURPOSE: PURPOSE OF DONEE | $60,000 |
M Austin Davis Foundation Inc Jacksonville, FL PURPOSE: UNSPECIFIED | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $49,440 |
Ujala Foundation Bonita Springs, FL PURPOSE: GENERAL PURPOSE | $30,000 |
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 |