Blue Ridge Housing Network Inc
- Assets
- $1.1m
- Revenue
- $383.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Front Royal, VA
- Founding
- 02/1997
- Data as of
- 06/2023
- EIN
- 54-1773623
Organization Overview
Blue Ridge Housing Network Inc is located in Front Royal, VA. The organization was established in 1997. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Blue Ridge Housing Network Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ridge Housing Network 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 06/2023, Blue Ridge Housing Network Inc generated $383.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $321.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST LOW-INCOME FAMILIES WITH PURCHASING HOMES IN LOCAL AREA AND PROVIDE HOMEBUYER EDUCATION, PRE-PURCHASE COUNSELING AND FORECLOSURE PREVENTION.
Describe the Organization's Program Activity:
WAS SUCCESSFUL IN PROVIDING OVER 100,000 IN HOME PURCHASE AND RETENTION ASSITANCE TO MAY LOW INCOME FAMILIES IN THE LOCAL AREA, WHILE OFFERING HOMEBUYER EDUCATION CLASSES, AND HOMEOWNER COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Wells Director | Trustee | 1 | $0 |
Martha Buracker Director | Trustee | 2 | $0 |
Melanie Hamel Director | Trustee | 2 | $0 |
Mari Jo Cochran Director | Trustee | 2 | $0 |
Rob Grimm Vice Chair | OfficerTrustee | 1 | $0 |
Krista Beahm Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $288,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,047 |
| Total Program Service Revenue | $49,238 |
| Investment income | $41,358 |
| 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 | $383,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $187,024 |
| 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 | $72,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,473 |
| Payroll taxes | $4,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,010 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $4,790 |
| Information technology | $4,474 |
| Royalties | $0 |
| Occupancy | $4,860 |
| Travel | $715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,678 |
| Interest | $10,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,237 |
| Insurance | $1,135 |
| All other expenses | $690 |
| Total functional expenses | $321,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,055 |
| 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 | $0 |
| Net Land, buildings, and equipment | $284,591 |
| Investments—publicly traded securities | $693,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,526 |
| Total assets | $1,073,301 |
| Accounts payable and accrued expenses | $0 |
| 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 | $202,112 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,130 |
| Total liabilities | $205,242 |
| Net assets without donor restrictions | $868,059 |
| 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 | $1,073,301 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Military Housing And Lodging Institute Leesburg, VA | $2,859,003 | $2,329,841 |
Franklin Housing Collaborative Franklin, TN | $4,120,846 | $1,256,391 |
The Cavanagh House Reisterstown, MD | $86,848 | $425,426 |
Ucc Living Center Incorporated Chapel Hill, NC | $910,621 | $303,946 |
Blue Ridge Housing Network Inc Front Royal, VA | $1,073,301 | $383,765 |
Columbia Housing Center Inc Simpsonville, MD | $28,834 | $234,610 |
Building Shalom Incorporated Rocky Mount, NC | $403,432 | $235,054 |
Bellevue House Inc McLean, VA | $6,264 | $0 |
Matthew 25 Center Burgaw, NC | $239,318 | $31,520 |
Herotrust Fliphero Inc Clarksville, TN | $238,682 | $0 |
Heart Of Gold Shelter Courtland, VA | $4,464 | $0 |