Alfred Housing Committee Inc
- Assets
- $1.8m
- Revenue
- $182.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Wellsville, NY
- Founding
- 12/1986
- Data as of
- 06/2023
- EIN
- 22-2333827
Organization Overview
Alfred Housing Committee Inc is located in Wellsville, NY. The organization was established in 1986. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Alfred Housing Committee Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfred Housing Committee 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 06/2023, Alfred Housing Committee Inc generated $182.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $210.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING REHAB AND MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECTS INCLUDE HOUSING REHABILITATION, EXPLORATION AND DEVELOPMENT OF HOUSING OPPORTUNITIES FOR LOW-INCOME, DISABLED AND ELDERLY INDIVIDUALS.
MANAGEMENT AND DEVELOPMENT FEES FOR LOW INCOME HOUSING PROJECTS, BUILDING PROJECT ADMINISTRATIVE FEES FOR REVOLVING LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Sobeck President | OfficerTrustee | 1 | $0 |
Tina Miller Vice President | OfficerTrustee | 0.5 | $0 |
Peter Van Tyne Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Jim Knapp Director | Trustee | 0.5 | $0 |
Pamela Ketchner Director | Trustee | 0.5 | $0 |
Craig Braack Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,828 |
| 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 | $89,828 |
| Total Program Service Revenue | $92,273 |
| Investment income | $63 |
| 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 | $182,164 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,498 |
| Payroll taxes | $4,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250 |
| Advertising and promotion | $0 |
| Office expenses | $9,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,647 |
| Travel | $7,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,483 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,909 |
| All other expenses | $3,539 |
| Total functional expenses | $210,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,582 |
| 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 | $13,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,502,468 |
| Total assets | $1,798,553 |
| Accounts payable and accrued expenses | $0 |
| 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 | $46,496 |
| Total liabilities | $46,496 |
| Net assets without donor restrictions | $1,752,057 |
| 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 | $1,798,553 |