Frontier Housing Inc
- Assets
- $15.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Morehead, KY
- Founding
- 08/1975
- Data as of
- 03/2022
- EIN
- 61-0863958
Organization Overview
Frontier Housing Inc is located in Morehead, KY. The organization was established in 1975. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Frontier Housing Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frontier Housing 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 03/2022, Frontier Housing Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.1m during the year ending 03/2022. 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
FRONTIER HOUSING PROVIDES AFFORDABLE HOUSING OPPORTUNITIES TO BUILD BETTER COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNERSHIP CREATION: FRONTIER HOUSING INVESTED OVER 3.1 MILLION IN OUR COMMUNITIES THROUGH THE CREATION OF NEW HOMEOWNERS. WE SERVED OVER 50 FAMILIES WITH A HOUSING SOLUTION THAT LED THEM TO PURCHASING A NEW HOME. WE BUILT AND FINANCED 9 NEW HOMES. HOMEBUYER EDUCATION AND COUNSELING: FRONTIER PROVIDED HOMEBUYER EDUCATION AND CREDIT COUNSELING FOR OVER 200 HOUSEHOLDS IN PREPARING THEM TO BECOME HOMEBUYERS. HOME REHABILITATION: FRONTIER REHABILITATED 10 HOMES TO EXISTING HOMEOWNERS IN OUR SERVICE AREA. RENTAL HOUSING: FRONTIER OWNED AND OPERATED 47 RENTAL UNITS PROVIDING AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronda Utterback Staff Accoun | Officer | 40 | $48,000 |
Ann Ballard Treasurer | OfficerTrustee | $0 | |
Wes Holland Secretary | OfficerTrustee | $0 | |
Earl Rogers III Chair | OfficerTrustee | $0 | |
Kamilla Lawson Vice Chair | OfficerTrustee | $0 | |
Tom Manning-Beavin President/ce | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tri-county Construction Construction | 3/30/20 | $119,550 |
Wilson Wilson Construction Construction | 3/30/20 | $101,324 |
Jacob Stamper Construction | 3/30/20 | $145,061 |
Sewell Construction Llc Construction | 3/30/20 | $198,705 |
Sewell Construction Llc Construction | 3/30/20 | $198,705 |
Jacob Stamper Construction | 3/30/20 | $145,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $814,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,095,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,909,998 |
| Total Program Service Revenue | $0 |
| Investment income | $92,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $153,967 |
| 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 | $121,672 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,529,828 |
| 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 | $139,915 |
| Pension plan accruals and contributions | $60,898 |
| Other employee benefits | $22,364 |
| Payroll taxes | $18,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $171,813 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $840,098 |
| Advertising and promotion | $10,275 |
| Office expenses | $33,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,224 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,028 |
| Interest | $84,535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,132 |
| Insurance | $21,226 |
| All other expenses | $23,072 |
| Total functional expenses | $2,095,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,846,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $491,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,926,900 |
| Inventories for sale or use | $1,891,489 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,897,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,000 |
| Intangible assets | $0 |
| Other assets | $52,289 |
| Total assets | $15,106,342 |
| Accounts payable and accrued expenses | $244,308 |
| Grants payable | $0 |
| Deferred revenue | $12,900 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $47,918 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,108,709 |
| Other liabilities | $237,759 |
| Total liabilities | $4,651,594 |
| Net assets without donor restrictions | $5,847,257 |
| Net assets with donor restrictions | $4,607,491 |
| 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 | $15,106,342 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Frontier Housing Inc has recieved totaling $387,000.
| Awarding Organization | Amount |
|---|---|
Neighborhood Reinvestment Corp Washington, DC PURPOSE: GENERAL SUPPORT | $367,000 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: ANNUAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village At Marymount Garfield Heights, OH | $5,352,973 | $16,703,874 |
Center For Housing And Health Chicago, IL | $3,048,076 | $18,275,784 |
Covenant Home Services Skokie, IL | $4,392,429 | $19,945,010 |
King-Bruwaert House Burr Ridge, IL | $65,181,853 | $13,001,524 |
Housing Forward Maywood, IL | $3,739,938 | $13,235,796 |
Hephzibah Childrens Association Oak Park, IL | $12,105,627 | $12,068,031 |
Metropolitan Lutheran Ministry Kansas City, MO | $5,622,627 | $11,500,052 |
Healing Place Inc Louisville, KY | $37,666,074 | $13,853,449 |
Pioneer Concepts Inc Galesburg, IL | $32,518,138 | $9,746,303 |
Horizons Of Tuscarawas And Carroll Cos Inc Dover, OH | $1,859,166 | $6,709,172 |
Lake County Crisis Center For The Prevtn & Trmt Of Dom Violence Inc Zion, IL | $5,631,420 | $7,014,618 |
Chambliss Center For Children Chattanooga, TN | $13,773,339 | $7,553,657 |