Gwinnett Housing Corporation
- Assets
- $8.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Lawrenceville, GA
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 58-2338247
Organization Overview
Gwinnett Housing Corporation is located in Lawrenceville, GA. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Gwinnett Housing Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gwinnett Housing Corporation 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, Gwinnett Housing Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $790.4k during the year ending 06/2022. While expenses have increased by 11.3% 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
TO EXPAND AFFORDABLE HOUSING IN GWINNETT COUNTY TO SERVE LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRING AND REDEVELOPING AFFORDABABLE HOUSING FOR QUALIFIED HOME BUYERS AND RESIDENTS IN THE GWINNETT COUNTY, GEORGIA COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lejla Prljaca CEO | Officer | 5 | $33,063 |
Bianca Blair Resident Mem | Trustee | 1 | $0 |
Jeff Guy Commissioner | Trustee | 1 | $0 |
Jeff Hall Commissioner | Trustee | 1 | $0 |
Lisa Johnson Chariperson | Trustee | 1 | $0 |
Rory Johnson Vice Chairpe | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $939,057 |
| Investment income | $1,337 |
| 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 | $1,439,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $171,531 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $79,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,435 |
| Payroll taxes | $6,080 |
| Fees for services: Management | $51,160 |
| Fees for services: Legal | $6,747 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,114 |
| Insurance | $14,032 |
| All other expenses | $0 |
| Total functional expenses | $790,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,821 |
| Savings and temporary cash investments | $305,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $935,301 |
| 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 | $20,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,429,998 |
| Total assets | $8,038,451 |
| Accounts payable and accrued expenses | $563,587 |
| Grants payable | $0 |
| Deferred revenue | $14,422 |
| 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 | $1,434,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,256 |
| Total liabilities | $2,058,417 |
| Net assets without donor restrictions | $5,871,550 |
| Net assets with donor restrictions | $108,484 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,980,034 |
Grants Awarded
Over the last fiscal year, Gwinnett Housing Corporation has awarded $113,037 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IMPACT 46 INC PURPOSE: COVID-19 RELIEF | $47,849 |
LAWRENCEVILLE HOUSING AUTHORITY PURPOSE: DEVELOPMENT | $65,188 |