Fluvanna-Louisa Housing Foundation
- Assets
- $5.8m
- Revenue
- $586.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Louisa, VA
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 54-1518967
Organization Overview
Fluvanna-Louisa Housing Foundation is located in Louisa, 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 06/2022, Fluvanna-Louisa Housing Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fluvanna-Louisa Housing Foundation 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, Fluvanna-Louisa Housing Foundation generated $586.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $617.7k during the year ending 06/2022. While expenses have increased by 4.8% 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
THE FOUNDATION'S PURPOSES ARE TO PROMOTE, DEVELOP, AND ENCOURAGE ACTIVITIES AND MEANS TO IMPROVE THE ABILITY OR LOW-INCOME, ELDERLY, AND DISADVANTAGED PERSONS TO MEET THEIR HOUSING NEEDS, WITHOUT REGARDS TO RACE, RELIGION, OR NATIONAL ORIGIN; AND TO THAT END SPONSOR, SUPPORT, PROMOTE, AND UNDERTAKE HOUSING PROJECTS WITHIN THE COUNTIES OF FLUVANNA AND LOUISA, VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY HOME REPAIRS
VARIOUS CONSTRUCTION PROJECTS AND OTHER HOUSING PROGRAMS
FEDERAL HOME PROGRAM
RENTALS TO LOW-INCOME INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Vogt President | OfficerTrustee | 1 | $0 |
Ginger Dillard Vice Preside | OfficerTrustee | 1 | $0 |
Sarah Monceaux Secretary/tr | Trustee | 1 | $0 |
Kimberly Hyland Executive Di | OfficerTrustee | 40 | $82,230 |
Lindell Chavis Assistant Di | OfficerTrustee | 40 | $62,480 |
Sherri Nicholas Housingchoic | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,174 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,258 |
| Total Program Service Revenue | $300,737 |
| Investment income | $4,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $586,822 |
| 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. | $138,961 |
| Compensation of current officers, directors, key employees. | $13,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,008 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,103 |
| Advertising and promotion | $984 |
| Office expenses | $10,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,754 |
| Insurance | $27,863 |
| All other expenses | $8,751 |
| Total functional expenses | $617,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $745,105 |
| Pledges and grants receivable | $12,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $765 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,726,295 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,921,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $432,164 |
| Total assets | $5,837,891 |
| Accounts payable and accrued expenses | $36,861 |
| 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 | $0 |
| Secured mortgages and notes payable | $2,592,302 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,292 |
| Total liabilities | $2,636,455 |
| Net assets without donor restrictions | $3,201,436 |
| Net assets with donor restrictions | $0 |
| 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 | $5,837,891 |