True Ground Housing Partners
- Assets
- $164.1m
- Revenue
- $20.1m
- Investments
- $0.0
- Employees
- 60
- Location
- Arlington, VA
- Founding
- 12/1990
- Data as of
- 12/2022
- EIN
- 54-1515133
Organization Overview
True Ground Housing Partners is located in Arlington, VA. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, True Ground Housing Partners employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Ground Housing Partners 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, True Ground Housing Partners generated $20.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $7.5m during the year ending 12/2022. While expenses have increased by 16.3% per year over the past 5 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
TO DEVELOP, PRESERVE, AND OWN QUALITY, AFFORDABLE PLACES TO LIVE;TO PROMOTE STABILITY AND OPPORTUNITY FOR OUR RESIDENTS; AND TO ADVOCATE WITH THE PEOPLE AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APAH PROVIDES 2009 UNITS TO LOW TO MODERATE INCOME HOUSING AND 148 MARKET RATE UNITS FOR FAMILIES AND INDIVIDUALS. APAH PROVIDES ITS LOW-INCOME HOUSEHOLDS WITH PROGRAMS AND SERVICES TO PROMOTE FINANCIAL STABILITY, HEALTH AND WELLNESS, EDUCATIONAL AND WORKFORCE SUCCESS, AND CIVIC ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Plerhoples Director | Trustee | 1 | $0 |
Amit Kulkarni Director | Trustee | 1 | $0 |
Andy Vanhorn Director | Trustee | 1 | $0 |
Buzz Roberts Treasurer / Director | OfficerTrustee | 1 | $0 |
Carmen Romero President / Director / CEO | OfficerTrustee | 35 | $267,800 |
Jay Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $16,263 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,192,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,804,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,013,752 |
| Total Program Service Revenue | $12,221,271 |
| Investment income | $339,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $564,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,138,513 |
| 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. | $586,800 |
| Compensation of current officers, directors, key employees. | $43,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,434,042 |
| Pension plan accruals and contributions | $180,167 |
| Other employee benefits | $19,703 |
| Payroll taxes | $301,382 |
| Fees for services: Management | $51,831 |
| Fees for services: Legal | $44,776 |
| Fees for services: Accounting | $72,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,072 |
| Advertising and promotion | $300 |
| Office expenses | $158,933 |
| Information technology | $197,167 |
| Royalties | $0 |
| Occupancy | $9,579 |
| Travel | $26,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211,989 |
| Interest | $203,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,283 |
| Insurance | $203,762 |
| All other expenses | $367,544 |
| Total functional expenses | $7,492,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,983,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,715,999 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $69,053,075 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,026 |
| Net Land, buildings, and equipment | $30,932,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,643,898 |
| Intangible assets | $0 |
| Other assets | $16,725,478 |
| Total assets | $164,078,647 |
| Accounts payable and accrued expenses | $17,508,334 |
| Grants payable | $0 |
| Deferred revenue | $18,402,838 |
| 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 | $17,583,631 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,452,772 |
| Total liabilities | $57,947,575 |
| Net assets without donor restrictions | $105,089,696 |
| Net assets with donor restrictions | $1,041,376 |
| 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 | $164,078,647 |