Housing Visions Unlimited Inc
- Assets
- $12.6m
- Revenue
- $2.8m
- Investments
- $142.8k
- Employees
- 138
- Location
- Syracuse, NY
- Founding
- 08/1992
- Data as of
- 12/2020
- EIN
- 16-1375637
Organization Overview
Housing Visions Unlimited Inc is located in Syracuse, NY. The organization was established in 1992. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Housing Visions Unlimited Inc employed 138 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Housing Visions Unlimited 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 12/2020, Housing Visions Unlimited Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN RENTING AND MANAGING OF RENTAL HOUSING UNITS TO 291 QUALIFIED LOW INCOME TENANT FAMILIES, WHICH ARE SCATTERED SITE MULTI-FAMILY BUILDINGS NOT ALWAYS IN CLOSE PROXIMITY TO EACH OTHER. THE PROPERTIES HAVE MANY COMPLIANCE REQUIREMENTS THAT MANAGEMENT MUST FOLLOW. IN ADDITION, MANAGEMENT STRIVES TO PROVIDE HIGH QUALITY SERVICES, INCLUDING INVESTING IN INDIVIDUALS, FAMILIES, AND COMMUNITY RESOURCES IN AN ATTEMPT TO TRANSITION FAMILIES OUT OF POVERTY AND INTO ECONOMIC STABILITY.
EXPENSES INCURRED IN THE DEVELOPMENT OF UNITS IN PROCESS AND DEVELOPMENT OF FUTURE PROJECTS UTILIZING VARIOUS FUNDING SOURCES INCLUDING LIHC AND OTHER STATE AND LOCAL FUNDING.
EXPENSES INCURRED RELATED TO PROVIDING GREEN BUILDING SERVICES, INCLUDING ENERGY USAGE, BUILDING MODELING AND PROGRAM NAVIGATION, AND SUSTAINABLE DESIGN CONSULTING FOR AFFORDABLE HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenyon Craig Director | Trustee | 1 | $0 |
Thomas Dellwo Treasurer | OfficerTrustee | 1 | $0 |
Karen Jones Director | Trustee | 1 | $0 |
Felicia Welch-Brown Vice Chair | OfficerTrustee | 1 | $0 |
Nicholas Petragnani Jr Director | Trustee | 1 | $0 |
David Michel Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,449,863 |
| Investment income | $5,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,961 |
| 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 | $2,764,715 |
| 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. | $455,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,349 |
| Fees for services: Accounting | $16,480 |
| 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 | $181,259 |
| Information technology | $16,020 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,158 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,396,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,049,203 |
| Savings and temporary cash investments | $130,492 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,903 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,061,119 |
| Inventories for sale or use | $14,179 |
| Prepaid expenses and deferred charges | $1,518,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $142,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,038,144 |
| Total assets | $12,644,678 |
| Accounts payable and accrued expenses | $593,568 |
| 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 | $2,202,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,245,041 |
| Total liabilities | $10,041,206 |
| 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 | $2,603,472 |