United Housing Inc
- Assets
- $16.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 18
- Location
- Memphis, TN
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 62-1597364
Organization Overview
United Housing Inc is located in Memphis, TN. The organization was established in 1999. 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. As of 06/2022, United Housing Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United 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 06/2022, United Housing Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.2m 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
OUR MISSION IS TO PROVIDE QUALITY HOUSING OPPORTUNITIES TO MID-SOUTH RESIDENTS THROUGH FINANCIAL EDUCATION, MORTGAGE LENDING, HOME BUILDING AND RENOVATION, AND CREATIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, AND NONPROFIT ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED AND SOLD SEVERAL HOMES TO FIRST TIME, LOW TO MODERATE INCOME CLIENTS; MADE SECOND MORTGAGE LOANS AT ZERO TO FIVE PERCENT, TO LOW TO MODERATE INCOME HOMEBUYERS; PROVIDED HOMEBUYER EDUCATION TO FIRST TIME HOMEBUYERS; PROVIDED FORECLOSURE PREVENTION SERVICES. PROVIDED AFFORDABLE RESIDENTIAL LEASING TO INDIVIDUALS OR FAMILIES, AND OTHERS WHO ARE UNABLE TO OBTAIN AFFORDABLE RENTAL OPTIONS IN WEST TENNESSEE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Schaftlein Executive Director | Officer | 37.5 | $88,268 |
Geoff Lewis Vice Chair | OfficerTrustee | 0.5 | $0 |
Keith Turbett Board Chair | OfficerTrustee | 0.5 | $0 |
Louisa Sheperd Secretary | OfficerTrustee | 0.5 | $0 |
Michelle Couch Treasurer | OfficerTrustee | 0.5 | $0 |
Gilda Williams Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dwayne Jones Construction Construction | 6/29/22 | $121,291 |
Labarreare Homes Llc Construction | 6/29/22 | $1,652,684 |
Fifer & Associates Construction | 6/29/22 | $251,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,003,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,583,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,587,312 |
| Total Program Service Revenue | $1,258,496 |
| Investment income | $58,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$83,650 |
| 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 | $3,821,047 |
| 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. | $92,611 |
| Compensation of current officers, directors, key employees. | $14,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,744 |
| Pension plan accruals and contributions | $35,768 |
| Other employee benefits | $102,908 |
| Payroll taxes | $52,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267 |
| 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 | $212,862 |
| Advertising and promotion | $69,722 |
| Office expenses | $54,735 |
| Information technology | $28,675 |
| Royalties | $0 |
| Occupancy | $272,092 |
| Travel | $8,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,696 |
| Interest | $7,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,886 |
| Insurance | $32,592 |
| All other expenses | $0 |
| Total functional expenses | $4,158,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $7,862,598 |
| Pledges and grants receivable | $167,821 |
| Accounts receivable, net | $32,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,025,452 |
| Inventories for sale or use | $3,311,763 |
| Prepaid expenses and deferred charges | $25,998 |
| Net Land, buildings, and equipment | $2,904,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,331,371 |
| Accounts payable and accrued expenses | $1,369,323 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,296,888 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,626,369 |
| Other liabilities | $374,065 |
| Total liabilities | $6,666,645 |
| Net assets without donor restrictions | $7,693,489 |
| Net assets with donor restrictions | $1,971,237 |
| 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 | $16,331,371 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that United Housing Inc has recieved totaling $1,854,761.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $1,500,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $101,250 |
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: EXPANDING EQUITABLE LENDING SOLUTIONS | $100,000 |
Kresge Foundation Troy, MI PURPOSE: PROVIDE STAFFING FOR EVICTION AND FORECLOSURE PREVENTION PROGRAMS FOR INDIVIDUALS AND FAMILIES AFFECTED BY THE COVID-19 PANDEMIC. | $60,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $53,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
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 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |