Purchase Area Housing Corporation is located in Mayfield, KY. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Purchase Area Housing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Purchase Area Housing Corporation generated $139.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $71.1k during the year ending 06/2022. 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
ADMINISTERS AND CO-ORDINATES VARIOUS GRANT PROGRAMS THAT IMPROVE HOUSING FOR MODERATE, LOW, AND VERY LOW INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURCHASE AREA HOUSING CORPORATION ADMINISTERS AND COORDINATES VARIOUS GRANT PROGRAMS THAT IMPROVE HOUSING FOR MODERATE, LOW, AND VERY LOW INCOME PERSONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sue Outland Director | OfficerTrustee | 2 | $0 |
John Ward Director | OfficerTrustee | 1 | $0 |
Jo Wilfong Director | Trustee | 1 | $0 |
William Higginson Director | Trustee | 1 | $0 |
Todd Cooper Director | Trustee | 1 | $0 |
Tommy Holliman Director | Trustee | 1 | $0 |
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 | $0 |
Investment income | $11,302 |
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 | $139,802 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $50,882 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
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 | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,758 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $71,126 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100,828 |
Savings and temporary cash investments | $1,397,732 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $48,154 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,546,714 |
Accounts payable and accrued expenses | $208,213 |
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 | $130,585 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $338,798 |
Net assets without donor restrictions | $1,145,406 |
Net assets with donor restrictions | $62,510 |
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 | $1,546,714 |
Organization Name | Assets | Revenue |
---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Lake View Towers Residents Association Inc Chicago, IL | $58,558,713 | $9,007,735 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |
Miami Valley Housing Opportunities Inc Dayton, OH | $17,399,456 | $7,922,561 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Crf Affordable Housing Inc Plainfield, IN | $71,328,382 | $70,095,090 |
National Affordable Housing Trust Inc Columbus, OH | $12,512,765 | $8,943,724 |
Columbus Housing Partnership Inc Columbus, OH | $57,775,833 | $13,476,247 |