Eduhousing Communities Corporation
- Assets
- $1.3m
- Revenue
- -$3.7k
- Investments
- -$32.1k
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 11/2016
- Data as of
- 06/2022
- EIN
- 81-2564706
Organization Overview
Eduhousing Communities Corporation is located in Marietta, GA. The organization was established in 2016. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Eduhousing Communities 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EDUCATION MODEL WITH A WORKFORCE HOUSING SOLUTION IN LOW- INCOME NEIGHBORHOODS WITH LOW-PERFORMING SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDUCE TRANSIENCY BY PROVIDING STABLE, AFFORDABLE HOUSING FOR WORKING POOR FAMILIES IN A FINANCIAL ECOSYSTEM THAT LEVERAGES CORPORATE INVESTMENT WITH PUBLIC GRANTS AND PRIVATE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrea Rease Executive Di | Officer | 40 | $18,129 |
John Case Director | Trustee | $0 | |
Robert Lachapelle Treasurer | Trustee | $0 | |
Liz Blake Director | Trustee | $0 | |
Tab Bullard Director | Trustee | $0 | |
Courtney English Director | Trustee | $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 | $22,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,550 |
| 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 | -$3,692 |
| 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 | $18,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,387 |
| Fees for services: Management | $3,702 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $1,144 |
| All other expenses | $0 |
| Total functional expenses | $30,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,589 |
| 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 | $1,300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$32,145 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,271,444 |
| Accounts payable and accrued expenses | $774 |
| 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 | $1,300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,300,774 |
| Net assets without donor restrictions | -$29,330 |
| 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 | $1,271,444 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eduhousing Communities Corporation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: HOUSING AND SHELTER | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunnyside Properties Of Sarasota Inc Sarasota, FL | $68,013,446 | $10,977,854 |
Moorings Park Community Health Incorporated Naples, FL | $1,266,538 | $9,547,257 |
Moorings Park Institute Incorporated Naples, FL | $917,438 | $9,024,675 |
Lutheran Retirement Center Salisbury Inc Salisbury, NC | $24,283,839 | $9,827,314 |
Westminster Senior Services Inc Orlando, FL | $3,758,693 | $8,872,607 |
Laurel Crest Retirement Community Columbia, SC | $30,245,637 | $7,008,293 |
Church Home Rehabilitation And Healthcare Llc Perry, GA | $11,785,809 | $8,119,276 |
Aldersgate Retirement Inc Hialeah, FL | $3,351,583 | $6,541,744 |
The Centurion Foundation Inc Atlanta, GA | $193,227,829 | $5,759,227 |
Luke Inc Collierville, TN | $244,355,141 | $1,368,129 |
Decatur Church Of Christ Senior Housing Inc Decatur, GA | $17,263,297 | $4,161,433 |
Providence Senior Living Inc Cleveland, TN | $694,830 | $4,504,316 |