Athens Homeless Propertycorporation
- Assets
- $7.7m
- Revenue
- $91.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Athens, GA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 26-0492571
Organization Overview
Athens Homeless Propertycorporation is located in Athens, GA. The organization was established in 2018. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, 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. Athens Homeless Propertycorporation 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 12/2022, Athens Homeless Propertycorporation generated $91.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $332.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AHPC WAS FORMED TO ACQUIRE PROPERTY AND MAKE IT AVAILABLE EXCLUSIVELY TO 501(C)3 ORGANIZATIONS ASSISTING IN THE PLIGHT OF THE HOMELESS IN THE ATHENS, GA AREA. THE HOMELESS PROVIDERS WILL INCLUDE LOCAL SHELTERS, FOOD BANKS, AND HEALTH CLINICS. AHPC WILL FURTHER ITS EXEMPT PURPOSE BY CONSTRUCTING AND RETAINING FUNDS TO ACQUIRE, CONSTRUCT OR OPERATE FACILITIES FOR ORGANIZATIONS ASSISTING THE HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PROGRAMMING THAT REVOLVES AROUND THE ACQUISITION, CONSTRUCTION, AND OPERATION OF FACILITIES AND FUNDS TO ORGANIZATIONS THAT QUALIFY UNDER IRC SECTION 501(C)(3) AND THAT ASSIST THE HOMELESS. IN 2016, CONSTRUCTION WAS COMPLETED, AND THE ORGANIZATION NOW LEASES THE ATHENS RESOURCE CENTER AND VILLAGE RENT FREE TO A 501(C)(3)ORGANIZATION ASSISTING IN THE PLIGHT OF THE HOMELESS IN THE ATHENS, GA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bachman Secretary/tr | OfficerTrustee | 1 | $0 |
E Clay Bryant President | OfficerTrustee | 1 | $0 |
Paige Cummings Director | Trustee | 1 | $0 |
Tom Foster Director | Trustee | 1 | $0 |
Jim Gillis Director | Trustee | 1 | $0 |
Eric Orbock President | OfficerTrustee | 1 | $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 | $5 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5 |
| Total Program Service Revenue | $0 |
| Investment income | $48,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,353 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,740 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $332,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9 |
| Savings and temporary cash investments | $397,058 |
| 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 | $5,008,085 |
| Investments—publicly traded securities | $2,275,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,155 |
| Total assets | $7,684,487 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,005,520 |
| Net assets with donor restrictions | $2,678,967 |
| 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 | $7,684,487 |