Iue Cwa Housing Corporation
- Assets
- $9.6m
- Revenue
- $390.0k
- Investments
- $9.4m
- Employees
- 1
- Location
- Rochester, NY
- Founding
- 04/1986
- Data as of
- 12/2023
- EIN
- 14-1510984
Organization Overview
Iue Cwa Housing Corporation is located in Rochester, NY. The organization was established in 1986. 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. Iue Cwa 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 12/2023, Iue Cwa Housing Corporation generated $390.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $470.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Iue Cwa Housing Corporation has awarded 44 individual grants totaling $3,812,782. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIEF TO LOW INCOME WORKING FAMILIES BY SUPPORTING BETTER HOUSING INCLUDING PROGRAMS: 1)PROVIDING FINANCIAL ASSISTANCE AND 2) COUNSELING SERVICES; SEMINARS AND TRAINING TO ASSIST LOW INCOME PERSONS. TO PROVIDE RENOVATIONS AND IMPROVEMENTS OF LOW INCOME HOUSING INCLUDING LOW INCOME ENERGY ASSISTANCE PROGRAMS BY RESPONSIBLE CONTRACTORS THAT PROVIDE FAIR WAGES. TO PROVIDE RELIEF FOR NEEDY INDIVIDUALS WHO ARE TEMPORARILY UNABLE TO PAY FOR THEIR HOUSING NEEDS FOR REASONS SUCH AS NATURAL DISASTERS OR INDUSTRIAL DISPUTES AND ARE THREATENED WITH HOMELESSNESS BECAUSE OF ACCUMULATED RENT ARREARAGES OR MORTGAGE DEFICIENCIES. TO SUPPORT PROGRAMS ENABLING WORKING MEN AND WOMEN TO EARN SUFFICIENT INCOME TO AFFORD DECENT HOSUING FOR THEMSELVES AND THEIR FAMILIES. NO MORE THAN 20% OF THE CORPORATION'S ASSETS WILL BE EXPENSED IN CONNECTION WITH THIS PURPOSE. TO SUPPORT AND PROVIDE ASSISTANCE TO HOMELESS VETERANS OF AMERICA'S ARMED FORCES. TO PREPARE AND DISSEMINATE EDUCATIONAL MATERIALS AND
Describe the Organization's Program Activity:
PROVIDE ASSISTANCE TO LOW INCOME WORKING FAMILIES BY FUNDING ORGANIZATIONS SERVING THESE INDIVIDUALS DIRECTLY, AND ORGANIZATIONS WORKING TO IMPROVE THE ENERGY EFFICIENCY OF HOUSING UNITS AND MAKING OTHER STRUCTURAL IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hagan Key Employee | 0 | $0 | |
Carl Kennebrew President | 0 | $0 | |
Joseph Giffi Executive Di | 0 | $117,000 | |
Penny Franklin Director | 0 | $0 | |
John Lewis Director | 0 | $0 | |
Rob Macherone Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60,611 |
| Dividends & Interest | $149,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $179,721 |
| Capital Gain Net Income | $179,721 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $389,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $117,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,488 |
| Interest | $0 |
| Taxes | $12,845 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,821 |
| Total operating and administrative expenses | $190,544 |
| Contributions, gifts, grants paid | $280,000 |
| Total expenses and disbursements | $470,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $265,597 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,843 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,363,863 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,636,303 |
| Accounts payable and accrued expenses | $494 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $494 |
Grants Awarded
Over the last fiscal year, Iue Cwa Housing Corporation has awarded $280,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY - SCHENECTADY PURPOSE: GENERAL FUNDING | $100,000 |
HABITAT FOR HUMANITY - BUFFALO PURPOSE: GENERAL FUNDING | $80,000 |
FLOWER CITY HABITAT FOR HUMANITY PURPOSE: GENERAL FUNDING | $100,000 |