Assisting Texas With Housing Inc
- Assets
- $21.2m
- Revenue
- $5.0m
- Investments
- $3.9m
- Employees
- 0
- Location
- Round Rock, TX
- Founding
- 01/1981
- Data as of
- 12/2023
- EIN
- 74-2157304
Organization Overview
Assisting Texas With Housing Inc is located in Round Rock, TX. The organization was established in 1981. 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. Assisting Texas With 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 12/2023, Assisting Texas With Housing Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ATWH, INC PROVIDES HOUSING TO QUALIFIED LOW AND MODERATE INCOME FAMILIES,ELDERLY AND DISABLED HOUSEHOLDS IN TEXAS WHOSE INCOMES ARE NO HIGHER THAN 80% OF THE AREA MEDIAN INCOME.ATWH, INC. ALSO AWARDS EDUCATIONAL SUPPORT SCHOLARSHIPS TO QUALIFIED APPLICANTS WHO ARE RESIDENT MEMBERS OF THE HOUSEHOLDS FOR WHOM HOUSING IS PROVIDED.
Describe the Organization's Program Activity:
PROVIDES DECENT HOUSING FOR PERSONS WITH LOW TO MODERATE INCOMES WITH SUBSIDIES THROUGH SECTION 8 HUD PROGRAMS AT 9 APARTMENT COMPLEXES LOCATED IN CENTRAL AND SOUTH TEXAS OFFERING A COMBINED TOTAL OF 579 UNITS.
EDUCATIONAL SUPPORT SCHOLARSHIPS AWARDED TO QUALIFIED APPLICANTS WHO ARE RESIDENT MEMBERS OF THE HOUSEHOLDS FOR WHOM HOUSING IS PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mitchell Executive Dir. | Officer | 35 | $132,500 |
Charles Henderson Executive Dir. | Officer | 35 | $80,000 |
Glen Pierce President | OfficerTrustee | 1 | $0 |
Jim Cotton Vice President | OfficerTrustee | 1 | $0 |
Mike O'neal Secretary/treas | OfficerTrustee | 1 | $0 |
Pat Howell Asst Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landa Property Management Inc Management | 12/30/23 | $301,863 |
Jhm & Associates Inc Management | 12/30/23 | $132,500 |
Landa Property Management Inc Payroll/acctg | 12/30/23 | $1,170,711 |
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 | $4,432,323 |
| Investment income | $208,652 |
| 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 | $5,048,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $134,000 |
| 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 | $985,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,313 |
| Payroll taxes | $72,138 |
| Fees for services: Management | $534,363 |
| Fees for services: Legal | $2,236 |
| Fees for services: Accounting | $166,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,307 |
| Advertising and promotion | $1,321 |
| Office expenses | $88,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,296,191 |
| Travel | $43,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $804,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,077 |
| Insurance | $3,223 |
| All other expenses | $2,113 |
| Total functional expenses | $4,851,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,726 |
| Savings and temporary cash investments | $4,515,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,189 |
| 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 | $471,559 |
| Net Land, buildings, and equipment | $10,230,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,877,987 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,819,009 |
| Total assets | $21,168,288 |
| Accounts payable and accrued expenses | $113,828 |
| 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 | $9,742,165 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $197,069 |
| Total liabilities | $10,053,062 |
| Net assets without donor restrictions | $11,115,226 |
| 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 | $21,168,288 |