Housing Initiatives Corporation
- Assets
- $287.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Dallas, TX
- Founding
- 07/1999
- Data as of
- 12/2017
- EIN
- 74-2916479
Organization Overview
Housing Initiatives Corporation is located in Dallas, TX. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Initiatives Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO), DURING 2015, THE ORGANIZATION SPONSORED THE DEVELOPMENT OF A 300 UNIT LOW AND MODERATE INCOME MULTI-FAMILY HOUSING DEVELOPMENT IN ACCORDANCE WITH THE HOME INVESTMENT PARTNERSHIPS ACT OF 1990. THE PROJECT, KNOWN AS THE WATERS AT SUNRISE, IS LOCATED IN ROUND ROCK, TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel French Trustee | 2 | $0 | |
Michael Nguyen Trustee | 2 | $0 | |
Joann Gonzales Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $48,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,680 |
| Professional fees and other payments to independent contractors | $31,909 |
| Occupancy, rent, utilities, and maintenance | $2,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,000 |
| Total expenses | $51,089 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $287,664 |
| Other assets | $0 |
| Total assets | $287,664 |
| Total liabilities | $312,565 |
| Net assets or fund balances | -$24,901 |