Hbhci Hud 2 Inc is located in New Port Richey, FL. The organization was established in 1994. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Hbhci Hud 2 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, Hbhci Hud 2 Inc generated $38.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $38.1k during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDES HOUSING TO LOW-INCOME, ADULT, HANDICAPPED INDIVIDUALS UNDER SECTION 122(D)(4) OF THE NATIONAL HOUSING ACT THROUGH THE OPERATION OF A APARTMENT COMPLEX. HUD REGULATED.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip H Chesnut Treasurer | 1 | $0 | |
Beverly R Barnett Chair | 1 | $0 | |
Robert Hale Director | 1 | $0 | |
Gail Ryder Vice President | 1 | $0 | |
Bill Butler Vice Chair | 1 | $0 | |
Alfred W Torrence Jr ESQ Secretary | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,067 |
| Total Program Service Revenue | $5,525 |
| Membership dues | $0 |
| Investment income | $57 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $72 |
| Total Revenue | $38,721 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,844 |
| Professional fees and other payments to independent contractors | $8,613 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,667 |
| Total expenses | $38,124 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,183 |
| Other assets | $0 |
| Total assets | $92,690 |
| Total liabilities | $19,248 |
| Net assets or fund balances | $73,442 |