Kentucky Manufactured Housing Institute
- Assets
- $1.8m
- Revenue
- $471.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Frankfort, KY
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 61-0732785
Organization Overview
Kentucky Manufactured Housing Institute is located in Frankfort, KY. The organization was established in 1967. According to its NTEE Classification (L05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Kentucky Manufactured Housing Institute employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Kentucky Manufactured Housing Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Kentucky Manufactured Housing Institute generated $471.1k 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 (4.1%) each year. All expenses for the organization totaled $225.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) 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
PROVIDE INFORMATION AND EDUCATION REGARDING MANUFACTURED HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INFORMATION AND EDUCATION REGARDING MANUFACTURED HOUSING.
PROVIDE INFORMATION AND EDUCATION REGARDING MANUFACTURED HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Logan J Hanes Director | Officer | 40 | $62,107 |
Don Sharp Past Chair R | Trustee | $0 | |
Wade Wells Manufacturer | Trustee | $0 | |
Karen Paul Region 4 | Trustee | $0 | |
Barry Noffsinger Chairman | Trustee | $0 | |
Tony Wilcox 2nd Vice Cha | Trustee | $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 | $463,155 |
| Investment income | $7,951 |
| 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 | $471,106 |
| 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 | $84,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,200 |
| Payroll taxes | $6,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,415 |
| Fees for services: Accounting | $6,283 |
| 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 | $1,853 |
| Information technology | $12,437 |
| Royalties | $0 |
| Occupancy | $21,115 |
| Travel | $14,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,590 |
| Insurance | $1,027 |
| All other expenses | $8,599 |
| Total functional expenses | $225,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $296,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,516 |
| 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 | $3,464 |
| Net Land, buildings, and equipment | $282,392 |
| Investments—publicly traded securities | $1,175,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,764,189 |
| Accounts payable and accrued expenses | $13,502 |
| 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 | $0 |
| Total liabilities | $13,502 |
| Net assets without donor restrictions | $1,600,637 |
| Net assets with donor restrictions | $150,050 |
| 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 | $1,764,189 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manufactured Housing Institute Arlington, VA | $8,789,022 | $5,319,106 |
Nwfa Education & Research Foundation Chesterfield, MO | $474,584 | $590,872 |
Missouri Manufactured Housing Institute Inc Jefferson City, MO | $721,462 | $350,219 |
Kentucky Manufactured Housing Institute Frankfort, KY | $1,764,189 | $471,106 |
Construction Specifications Institute Foundation Inc Alexandria, VA | $645,321 | $104,674 |
Area Research Co Chicago, IL | $13,752 | $0 |