Low Income Housing Opportunities Inc is located in High Point, NC. The organization was established in 1999. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Low Income Housing Opportunities 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 12/2021, Low Income Housing Opportunities Inc generated $2.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.9%) per year over the past 7 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
TO EXPAND HOMEOWNERSHIP OPPORTUNITIES AND PROVIDE DECENT, SAFE AND AFFORDABLE HOUSING TO LOW-INCOME FAMILIES BY CREATING AND SUPPORTING LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES WERE TO SUPPORT RECOGNITION OF ACCOMPLISHMENTS OF TENANTS/FORMER TENANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angela Jimenez Secretary | Officer | 0 | $0 |
Matt Witmeyer President | Officer | 0 | $0 |
Tracy S Gann Treasurer | Officer | 0 | $0 |
Roosevelt Swinnie Director | Trustee | 0 | $0 |
Charles Portaro Director | Trustee | 0 | $0 |
Charity Bunting Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $2,375 |
Related organizations | $0 |
Government grants | $0 |
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 | $2,375 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $2,375 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
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 | $1,973 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $219 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $1,033 |
All other expenses | $2,542 |
Total functional expenses | $8,142 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $104,539 |
Savings and temporary cash investments | $8,516 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,347 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $17,339 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $565 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $132,306 |
Accounts payable and accrued expenses | $150 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $26,966 |
Total liabilities | $27,116 |
Net assets without donor restrictions | $651 |
Net assets with donor restrictions | $104,539 |
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 | $132,306 |
Over the last fiscal year, we have identified 1 grants that Low Income Housing Opportunities Inc has recieved totaling $4,000.
Awarding Organization | Amount |
---|---|
N S A Foundation Inc Washington, DC PURPOSE: GENERAL SUPPORT | $4,000 |
Organization Name | Assets | Revenue |
---|---|---|
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Piedmont Housing Alliance Incorporated Charlottesville, VA | $40,182,499 | $6,545,967 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |
Albemarle Housing Improvement Program Inc Charlottesville, VA | $5,877,628 | $5,756,026 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |
City Of Sumter Housing & Economic Developement Corporation Sumter, SC | $4,664,908 | $2,384,397 |
Humanities Foundation Inc Mount Pleasant, SC | $30,885,789 | $3,824,255 |