Flagstaff Housing Corporation
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 08/1982
- Data as of
- 06/2021
- EIN
- 86-0398385
Organization Overview
Flagstaff Housing Corporation is located in Flagstaff, AZ. The organization was established in 1982. 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. Flagstaff Housing Corporation 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, Flagstaff Housing Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $877.3k 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
ASSIST LOW-INCOME INDIVIDUALS & FAMILIES IN OBTAINING DECENT, SAFE & SANITARY HOUSING THROUGH A SYSTEM OF RENTAL SUBSIDIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RENTAL UNITS TO QUALIFIED LOW-INCOME INDIVIDUALS AND FAMILIES THAT ARE ELIGIBLE FOR RENTAL ASSISTANCE UNDER HUD'S SECTION 8 HOUSING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jalalieh Marian Vice President | OfficerTrustee | 1 | $0 |
Bruce Kennedy Secretary | OfficerTrustee | 1 | $0 |
Leah Bloom President | OfficerTrustee | 1 | $0 |
Chris Bavasi Director | Trustee | 1 | $0 |
Virginia Mounts Director | Trustee | 1 | $0 |
Michael Gouhin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,026,587 |
| Investment income | $193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,335,303 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $197,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,453 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,606 |
| Fees for services: Legal | $32 |
| Fees for services: Accounting | $16,958 |
| 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 | $38,527 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,672 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,209 |
| Insurance | $20,703 |
| All other expenses | $0 |
| Total functional expenses | $877,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,007 |
| Prepaid expenses and deferred charges | $5,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $814,656 |
| Total assets | $2,436,462 |
| Accounts payable and accrued expenses | $37,712 |
| Grants payable | $0 |
| Deferred revenue | $5,340 |
| 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 | $787,332 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,929 |
| Total liabilities | $902,313 |
| 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 |
| Total liabilities and net assets/fund balances | $1,534,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |