Innovative Housing Initiatives Inc

Organization Overview

Innovative Housing Initiatives Inc is located in Albany, GA. The organization was established in 1990. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Innovative Housing Initiatives 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 09/2021, Innovative Housing Initiatives Inc generated $90.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $141.0k during the year ending 09/2021. While expenses have increased by 4.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDED AFFORDABLE HOUSING TO 24 LOW-INCOME AND/OR ELDERLY RESIDENTS IN ALBANY, GEORGIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED AFFORDABLE HOUSING TO 24 LOW-INCOME AND/OR ELDERLY RESIDENTS IN ALBANY, GEORGIA.


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Board, Officers & Key Employees

Name (title)Compensation
Joyce Barlow
Chariman
$0
Richard Kennedy
Vice Chair
$0
William Myles
CEO
$0
Jean Highsmith
Director
$0
C Nathan Davis
Director
$0
Jimmie Hall Jr
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
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$0
Total Program Service Revenue$90,064
Investment income $435
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 $90,499

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