Columbus Housing Initiative Inc
- Assets
- $18.6m
- Revenue
- $8.1m
- Investments
- $2.4k
- Employees
- 16
- Location
- Columbus, GA
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 58-2498678
Organization Overview
Columbus Housing Initiative Inc is located in Columbus, GA. The organization was established in 2000. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Columbus Housing Initiative Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Housing Initiative 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, Columbus Housing Initiative Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 15.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STABILIZE NEIGHBORHOODS THROUGH ESTABLISHING FINANCING, EDUCATION, REHABILITATION OF EXISTING HOUSING AND DEVELOPMENT OF NEW HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH FINANCING, EDUCATION, REHABILITATION OF EXISTING HOUSING AND DEVELOPMENT OF NEW HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathleen Williams President & CEO | Officer | 40 | $0 |
Dykes Blackmon Director | Trustee | 1 | $0 |
Robert Wilson Director | Trustee | 1 | $0 |
Patricia Tyson Director | Trustee | 1 | $0 |
Vince Allen Director | Trustee | 1 | $0 |
Mitch Watkins Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $808,000 |
| Government grants | $2,119,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,358,235 |
| Total Program Service Revenue | $815,096 |
| Investment income | $47,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,114,029 |
| 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. | $141,201 |
| Compensation of current officers, directors, key employees. | $141,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,645 |
| Office expenses | $40,480 |
| Information technology | $14,756 |
| Royalties | $0 |
| Occupancy | $39,554 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,032 |
| Interest | $178,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,307 |
| Insurance | $0 |
| All other expenses | $79,958 |
| Total functional expenses | $7,662,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,953,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,126,854 |
| Inventories for sale or use | $2,395,670 |
| Prepaid expenses and deferred charges | $2,426 |
| Net Land, buildings, and equipment | $3,615,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,400 |
| Investments—program-related | $5,134,569 |
| Intangible assets | $368,818 |
| Other assets | $0 |
| Total assets | $18,599,553 |
| Accounts payable and accrued expenses | $33,820 |
| Grants payable | $0 |
| Deferred revenue | $1,087,338 |
| 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 | $9,386,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $297,786 |
| Total liabilities | $10,805,806 |
| Net assets without donor restrictions | $5,375,026 |
| Net assets with donor restrictions | $2,418,721 |
| 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 | $18,599,553 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Columbus Housing Initiative Inc has recieved totaling $21,572.
| Awarding Organization | Amount |
|---|---|
Credit Builders Alliance Inc Washington, DC PURPOSE: CREDIT STRENGTH COP | $12,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,572 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: HIGHLAND HOMES ON 4TH AVENUE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kiawah Island Community Association Inc Kiawah Island, SC | $26,368,014 | $20,429,639 |
Community Services Associates Inc Hilton Head Island, SC | $20,961,212 | $14,495,828 |
Air Force Enlisted Village Inc Shalimar, FL | $62,099,180 | $13,085,852 |
Association Of Poinciana Villages Inc Kissimmee, FL | $26,371,508 | $15,270,214 |
Hunters Creek Community Association Inc Orlando, FL | $9,318,947 | $9,221,929 |
Columbus Housing Initiative Inc Columbus, GA | $18,599,553 | $8,114,029 |
Bent Tree Community Inc Jasper, GA | $11,645,606 | $6,901,322 |
Coosawattee River Resort Assn Inc Ellijay, GA | $12,422,312 | $7,039,816 |
North Carolina Home Builders Association Inc Raleigh, NC | $7,309,205 | $3,801,465 |
Lake Forest Prop Owners Assoc Lake Forest Maring Daphne, AL | $5,004,953 | $3,380,407 |
Wild Dunes Community Association Inc Isle Of Palms, SC | $15,432,626 | $5,396,847 |
Home Builders Assn Of Raleigh And Wake County Inc Raleigh, NC | $2,007,395 | $2,368,816 |