Owensboro Area Affordable Housing Solutions
- Assets
- $324.2k
- Revenue
- $18.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 12/2016
- Data as of
- 06/2021
- EIN
- 81-2937594
Organization Overview
Owensboro Area Affordable Housing Solutions is located in Owensboro, KY. The organization was established in 2016. 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. Owensboro Area Affordable Housing Solutions 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 06/2021, Owensboro Area Affordable Housing Solutions generated $18.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (51.8%) each year. All expenses for the organization totaled $23.0k during the year ending 06/2021. 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
PROVISION OF AFFORDABLE HOUSING AND SUPPORTIVE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL INCOME FROM 4 SINGLE FAMILY HOMES OCCUPIED BY LOW INCOME FAMILIES. RENTS RESTRICTED AND UTILITY ALLOWANCE PROVIDED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Stallings Director | OfficerTrustee | 0.5 | $0 |
Tish Correa Osborne Chairperson | OfficerTrustee | 2 | $0 |
Shauna Boom Director | OfficerTrustee | 1 | $0 |
Barbara Moyer Officer | Officer | 0.5 | $0 |
Rita Moorman Officer | Officer | 0.5 | $0 |
Rick Searcy Officer | Officer | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,613 |
| 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 | $18,613 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| 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 | $8,410 |
| Insurance | $4,725 |
| All other expenses | $0 |
| Total functional expenses | $22,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,546 |
| 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 | $0 |
| Net Land, buildings, and equipment | $312,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $324,213 |
| Accounts payable and accrued expenses | $7,739 |
| 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 | $7,739 |
| Net assets without donor restrictions | $0 |
| 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 | $316,474 |
| Total liabilities and net assets/fund balances | $324,213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Lake View Towers Residents Association Inc Chicago, IL | $58,558,713 | $9,007,735 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |
Miami Valley Housing Opportunities Inc Dayton, OH | $17,399,456 | $7,922,561 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Crf Affordable Housing Inc Plainfield, IN | $71,328,382 | $70,095,090 |
National Affordable Housing Trust Inc Columbus, OH | $12,512,765 | $8,943,724 |
Columbus Housing Partnership Inc Columbus, OH | $57,775,833 | $13,476,247 |