Housing Foundation Of Huntsville Inc
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 04/1970
- Data as of
- 08/2022
- EIN
- 63-0523195
Organization Overview
Housing Foundation Of Huntsville Inc is located in Huntsville, AL. The organization was established in 1970. 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. Housing Foundation Of Huntsville Inc 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 08/2022, Housing Foundation Of Huntsville Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. 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
DEVELOPING AND OPERATING HOUSING FOR ELDERLY AND LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL HOUSING FOR ELDERLY AND LOW AND MODERATE INCOME FAMILIES IN HUNTSVILLE, AL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felecia Kennedy Treasurer | OfficerTrustee | 20 | $0 |
Bill Kennedy Secretary | OfficerTrustee | 20 | $0 |
Barbara Kennedy President | OfficerTrustee | 20 | $0 |
William Wayne Douglas Member | Trustee | 1 | $0 |
Bryan Kennedy Member | Trustee | 1 | $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 | $1,268,788 |
| Investment income | $28 |
| 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 | $1,268,816 |
| 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 | $209,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $87,024 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $16,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,011 |
| Office expenses | $23,212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,358 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $108,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,715 |
| Insurance | $65,486 |
| All other expenses | $7,156 |
| Total functional expenses | $1,252,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,595 |
| Savings and temporary cash investments | $144,816 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $837 |
| 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 | $23,005 |
| Net Land, buildings, and equipment | $756,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,559 |
| Total assets | $1,153,604 |
| Accounts payable and accrued expenses | $104,999 |
| Grants payable | $0 |
| Deferred revenue | $34,397 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $62,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,609,427 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,811,323 |
| Net assets without donor restrictions | -$1,657,719 |
| Net assets with donor restrictions | $0 |
| 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 | $1,153,604 |
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