Nhh-Canal Street Apartments Inc
- Assets
- $3.2m
- Revenue
- $952.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Houston, TX
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 04-3664461
Organization Overview
Nhh-Canal Street Apartments Inc is located in Houston, TX. The organization was established in 2002. 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. As of 12/2021, Nhh-Canal Street Apartments Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nhh-Canal Street Apartments Inc 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 12/2021, Nhh-Canal Street Apartments Inc generated $952.9k 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 $1.2m during the year ending 12/2021. While expenses have increased by 10.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORTIVE AND AFFORDABLE HOUSING FOR ADULTS LIVING SINGLY ON LOW INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael M Fowler Chair Emeritus | OfficerTrustee | 1 | $0 |
Sanford W Criner Jr Vice Chair | OfficerTrustee | 1 | $0 |
Kenneth J Valach Chair | OfficerTrustee | 1 | $0 |
Joy Horak-Brown President & CEO | Officer | 5 | $0 |
Karen Briggs Gwin Treasurer/cfo | Officer | 5 | $0 |
Tamara Foster VP Onsite Operations | Officer | 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 | $952,506 |
| Investment income | $564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $952,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,000 |
| 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 | $283,133 |
| Pension plan accruals and contributions | $3,340 |
| Other employee benefits | $37,891 |
| Payroll taxes | $21,921 |
| Fees for services: Management | $57,184 |
| Fees for services: Legal | $6,494 |
| Fees for services: Accounting | $7,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,844 |
| Advertising and promotion | $0 |
| Office expenses | $18,926 |
| Information technology | $5,836 |
| Royalties | $0 |
| Occupancy | $269,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,528 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,929 |
| Insurance | $41,921 |
| All other expenses | $0 |
| Total functional expenses | $1,168,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,695 |
| 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 | $17,299 |
| Net Land, buildings, and equipment | $2,609,620 |
| Investments—publicly traded securities | $561,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,248,765 |
| Accounts payable and accrued expenses | $12,881 |
| Grants payable | $0 |
| Deferred revenue | $11,368 |
| 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 | $25,387 |
| Total liabilities | $49,636 |
| Net assets without donor restrictions | $3,199,129 |
| 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 | $3,248,765 |
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