Housing Partnerships Inc
- Assets
- $802.4k
- Revenue
- $474.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Williamsburg, VA
- Founding
- 10/1987
- Data as of
- 06/2021
- EIN
- 54-1352365
Organization Overview
Housing Partnerships Inc is located in Williamsburg, VA. The organization was established in 1987. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Housing Partnerships Inc employed 4 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Housing Partnerships 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 Partnerships Inc generated $474.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $570.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. 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
REHABILITATE LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SERVICES ON APPROX. 130 HOUSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Pauroso Vice Chair | OfficerTrustee | 0 | $0 |
Andrew M Franck Serectary | OfficerTrustee | 0 | $0 |
Virginia Wertman Chair | OfficerTrustee | 0 | $0 |
Brandie Weiler Executive Director | OfficerTrustee | 40 | $0 |
Jeff Brittle Treasurer | OfficerTrustee | 0 | $0 |
Shirley Palmer Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $116,843 |
| Membership dues | $0 |
| Fundraising events | $11,532 |
| Related organizations | $0 |
| Government grants | $317,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $474,690 |
| Total Program Service Revenue | $0 |
| Investment income | $181 |
| 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 | $474,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $234,285 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,730 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $68,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $924 |
| Travel | $7,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,738 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,024 |
| Insurance | $0 |
| All other expenses | $122,007 |
| Total functional expenses | $570,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $84,591 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,689 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $494,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $802,371 |
| Accounts payable and accrued expenses | $183,008 |
| 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 | $100,000 |
| Secured mortgages and notes payable | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $383,008 |
| Net assets without donor restrictions | $342,356 |
| Net assets with donor restrictions | $77,007 |
| 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 | $802,371 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Housing Partnerships Inc has recieved totaling $10,531.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,000 |
Houff Charitable Foundation Weyers Cave, VA PURPOSE: HOME REPAIRS | $1,000 |
Rbwr Family Charitable Foundation Inc Williamsburg, VA PURPOSE: PROVIDE HOUSING TO FAMILIES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern West Virginia Community Action Inc Moorefield, WV | $1,421,827 | $4,960,389 |
Dhic Inc Raleigh, NC | $31,965,470 | $6,009,696 |
Habitat For Humanity International Leesburg, VA | $1,817,454 | $3,499,520 |
Housing Initiative Partnership Inc Hyattsville, MD | $6,736,869 | $3,837,345 |
National Community Stabilization Trust Llc Washington, DC | $3,856,254 | $2,826,968 |
Promise Development Corporation Memphis, TN | $5,823,077 | $3,033,896 |
Habitat For Humanity International Inc Fredericksburg, VA | $1,919,221 | $2,299,173 |
Housing Oriented Ministries Established For Services Inc Whitesburg, KY | $4,625,979 | $1,907,969 |
Crossroads Corp For Affordable Housing And Community Dev Inc Charlotte, NC | $3,590,675 | $1,496,977 |
Rebuilding Together Montgomery County Inc Gaithersburg, MD | $841,323 | $1,634,994 |
Millbrook Homes Inc Winstonsalem, NC | $1,657,494 | $820,182 |
Hampton Roads Housing Assistants Inc Chesapeake, VA | $311,808 | $1,030,750 |