Housing Programs Inc
- Assets
- $1.3m
- Revenue
- $448.2k
- Investments
- $0.0
- Employees
- 3
- Location
- North Miami Beach, FL
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 61-1665354
Organization Overview
Housing Programs Inc is located in North Miami Beach, FL. The organization was established in 2012. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Housing Programs Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Programs 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, Housing Programs Inc generated $448.2k 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 (8.9%) each year. All expenses for the organization totaled $841.4k during the year ending 12/2021. 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 AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION BEGAN CONSTRUCTION OF AFFORDABLE HOUSING IN 2013 AND BEGAN DELIVERING HOMES IN 2014.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esther Simhon Vice Preside | OfficerTrustee | $0 | |
Juan Garcia Treasurer | OfficerTrustee | $0 | |
Isaac Simhon President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,978 |
| 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 | $50,978 |
| Total Program Service Revenue | $397,262 |
| Investment income | $0 |
| 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 | $448,240 |
| 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 | $142,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,739 |
| Advertising and promotion | $0 |
| Office expenses | $5,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,378 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,213 |
| All other expenses | $13,792 |
| Total functional expenses | $841,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,928 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,012,993 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,722 |
| Total assets | $1,290,824 |
| Accounts payable and accrued expenses | $4,040 |
| 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 | $1,245,079 |
| Other liabilities | $35,350 |
| Total liabilities | $1,284,469 |
| Net assets without donor restrictions | -$151,223 |
| Net assets with donor restrictions | $157,578 |
| 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 | $1,290,824 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Enterprises Of Florida Inc Fort Lauderdale, FL | $57,300,786 | $6,602,797 |
The Housing League Inc Vero Beach, FL | $4,626,123 | $3,771,376 |
Northwest Jacksonville Community Development Corporation Jacksonville, FL | $9,692,775 | $1,930,316 |
Housing Programs Inc North Miami Beach, FL | $1,290,824 | $448,240 |
Champions Community Foundation Inc Johns Creek, GA | $6,758,980 | $1,049,035 |
Community Housing Services Agency Inc Savannah, GA | $5,401,354 | $1,041,756 |
Metro Changers Birmingham, AL | $276,347 | $466,179 |
Greystone Power Foundation Inc Douglasville, GA | $26,542 | $409,762 |
Moving Up Collaborative Birmingham, AL | $1,684,770 | $987,278 |
Sowing Seeds Of Hope Inc Marion, AL | $397,681 | $472,162 |
Resources For Residents And Communities Of Georgia Inc Atlanta, GA | $739,811 | $205,706 |
Mental Health Care Affordable Housing Iv Inc Tampa, FL | $1,555,699 | $215,090 |