Scottsboro Housing & Social Services Inc
- Assets
- $12.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsboro, AL
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 63-1277201
Organization Overview
Scottsboro Housing & Social Services Inc is located in Scottsboro, AL. The organization was established in 2001. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Scottsboro Housing & Social Services 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, Scottsboro Housing & Social Services Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 58.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE HOUSING FOR ADULT, AGED & DISABLED PERSONS AND PURPOSES RELATED THERETO AND INCLUDING BUT NOT LIMITED TO CHARITABLE, EDUCATIONAL ACTIVITIES DESIGNED FOR RELIEF OF THE POOR & DISTRESSED OR THE UNDER PRIVILEGED; THE ADVANCEMENT OF EDUCATION DESIGNED TO LESSEN NEIGHBORHOOD TENSIONS, ELIMINATE PREJUDICE AND DISCRIMINATION, AND COMBAT COMMUNITY DETERIORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING FOR ADULT, AGED & DISABLED PERSONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Armstrong Secretary-Treasurer | Officer | 5 | $0 |
Bill Arnold Director | Trustee | 0.2 | $0 |
Rosita Mccamey Director | Trustee | 0.2 | $0 |
Billy Garner Vice-Chairman | Trustee | 0.2 | $0 |
James Drain Chairman | Trustee | 0.2 | $0 |
Nancy Hodges Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,583,948 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,589,273 |
| Total Program Service Revenue | $762,723 |
| Investment income | $10,765 |
| 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 | $2,362,761 |
| 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 | $309,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,049 |
| Payroll taxes | $24,754 |
| Fees for services: Management | $145,777 |
| Fees for services: Legal | $861 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,240 |
| Advertising and promotion | $0 |
| Office expenses | $10,684 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,998 |
| Insurance | $101,324 |
| All other expenses | $0 |
| Total functional expenses | $1,691,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,084,892 |
| Savings and temporary cash investments | $4,362,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,724 |
| 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 | $48,778 |
| Net Land, buildings, and equipment | $5,381,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $285,632 |
| Total assets | $12,212,835 |
| Accounts payable and accrued expenses | $81,486 |
| Grants payable | $0 |
| Deferred revenue | $7,324 |
| 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 | $0 |
| Other liabilities | $30,265 |
| Total liabilities | $119,075 |
| Net assets without donor restrictions | $12,093,760 |
| 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 | $12,212,835 |
Peer Organizations
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|---|---|---|
Sunrise Northeast Inc Miami, FL | $3,715,475 | $18,670,620 |
Affordable Housing Preservation Corporation St Augustine, FL | $540,750,555 | $2,294,342 |
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Nonprofit Housing Preservations Sb Inc Riviera Beach, FL | $13,108,120 | $31,278,179 |
Jewish Association For Residential Care Inc Boca Raton, FL | $7,062,896 | $8,370,046 |
Habitat For Humanity Of Greater Miami Inc Miami, FL | $44,913,698 | $17,755,764 |
Contemporary Housing Alternatives Of Florida Inc Clearwater, FL | $42,120,344 | $6,399,709 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Housing And Neighborhood Development Services Of Central Orlando, FL | $22,476,842 | $6,815,149 |
Larry Moore Manor Inc Union City, GA | $0 | $4,277,912 |
Rhg-Afforable Housing Ii Inc Atlanta, GA | $13,550,062 | $7,175,901 |
Broadway Towers Inc Atlanta, GA | $17,531,706 | $3,119,210 |