Housing Rights Initiative
- Assets
- $1.1m
- Revenue
- $957.7k
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 07/2016
- Data as of
- 02/2024
- EIN
- 81-2013546
Organization Overview
Housing Rights Initiative is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 02/2024, Housing Rights Initiative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Rights Initiative 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 02/2024, Housing Rights Initiative generated $957.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 59.4% each year . All expenses for the organization totaled $687.3k during the year ending 02/2024. While expenses have increased by 56.3% per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP TENANTS STAND UP FOR THEIR LEGAL RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM: THE MISSION OF THE ORGANIZATION IS TO PRESERVE AFFORDABLE HOUSING AND PROTECT THE RIGHTS OF VULNERABLE TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Carr Executive Director | Officer | 35 | $146,923 |
John Sanchez Board Member | Trustee | 1 | $0 |
Mitchell Draizin Board Member | Trustee | 1 | $0 |
Yovan Collado Board Member | Trustee | 1 | $0 |
Sarah Steiner Board Chair | Trustee | 1 | $0 |
Jane Carlson Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $605,307 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $957,707 |
| 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. | $151,153 |
| Compensation of current officers, directors, key employees. | $12,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,349 |
| Payroll taxes | $58,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,216 |
| Fees for services: Accounting | $10,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,247 |
| Advertising and promotion | $0 |
| Office expenses | $2,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,203 |
| Travel | $7,465 |
| 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 | $0 |
| Insurance | $5,856 |
| All other expenses | $1,563 |
| Total functional expenses | $687,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,128,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,509 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,130,390 |
| Accounts payable and accrued expenses | $9,240 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,240 |
| Net assets without donor restrictions | $1,121,150 |
| 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 | $1,130,390 |