Utah Center For Affordable Housing

Organization Overview

Utah Center For Affordable Housing is located in Midvale, UT. The organization was established in 2010. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Utah Center For Affordable Housing 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, Utah Center For Affordable Housing generated $715.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $679.5k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

STABILIZE NEIGHBORHOODS AND INCREASE AFFORDABLE HOUSING THROUGH COLLABORTION WITH ORGANIZAITONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UTAH CENTER FOR AFFORDABLE HOUSING (UCAH) WAS ESTABLISHED IN 2009 WITH A MISSION TO PRESERVE AND INCREASE AFFORDABLE HOUSING BY PARTNERING WITH AFFORDABLE HOUSING PROVIDERS, FUNDING SOURCES, FINANCIAL INSTITUTIONS AND ALSO BY OWNING AND MANAGING SINGLE AND MULTIFAMILY HOUSING UNITS.


UCAH PROVIDES LOW INTEREST LOANS TO HOUSING AUTHORITIES IN THE STATE OF UTAH WHO OFFER LOW INTEREST RATE LOANS TO QUALIFIED BUYERS/TENANTS PROVIDING THESE INDIVIDUALS AND FAMILIES THE OPPORTUNITY TO PURCHASE AFFORDABLE HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Adams
Executive Director
$0
Amy Thornton
Chief Operating Officer
$0
Phillip Meeks
Chairman
$0
Kimberly Chytraus
Vice Chairman
$0
Todd Boren
Treasurer
$0
Kisty Morris
Former Chairman
$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$550,932
Investment income $164,040
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 $714,972

Grants Awarded

Over the last fiscal year, Utah Center For Affordable Housing has awarded $162,258 in support to 4 organizations.

Grant RecipientAmount

UTAH CENTER FOR NEIGHBORHOOD STABILIZATION

PURPOSE: UTAH CENTER FOR NEIGHBORHOOD STABILIZATION: UCNS IS THE UMBRELLA OR PARENT ORGANIZATION OVER SEVERAL RELATED NON-PROFIT ORGANIZATIONS, INCLUDING HOUSING PLUS, UTAH CENTER FOR AFFORDABLE HOUSING, AND THEIR DISREGARDED ENTITIES. IN 2016, UCNS BEGAN PAYING ALL COMMON EXPENSES FOR PERSONNEL AND OFFICE EXPENSES. THOSE EXPENSES ARE ALLOCATED TO EACH ENTITY AND REIMBURSED TO UCNS. AS UCNS HAD NO OTHER SOURCE OF FUNDS AT THE TIME, UCAH SERVICING GROUP DONATED $50,000 AS UNRESTRICTED OPERATING SUPPORT TO ASSIST IN PAYING THESE COMMON EXPENSES AS WELL AS TO ASSIST IN FUNDING THE SHARE OF EXPENSES ALLOCATED TO UCNS.

$65,000

HOUSING MANAGEMENT & DEVELOPMENT CO

PURPOSE: GENERAL SUPPORT

$16,129

UTAH CENTER FOR NEIGHBORHOOD STABILIZATION

PURPOSE: UTAH CENTER FOR NEIGHBORHOOD STABILIZATION: UCNS IS THE UMBRELLA OR PARENT ORGANIZATION OVER SEVERAL RELATED NON-PROFIT ORGANIZATIONS, INCLUDING HOUSING PLUS, UTAH CENTER FOR AFFORDABLE HOUSING, AND THEIR DISREGARDED ENTITIES. IN 2016, UCNS BEGAN PAYING ALL COMMON EXPENSES FOR PERSONNEL AND OFFICE EXPENSES. THOSE EXPENSES ARE ALLOCATED TO EACH ENTITY AND REIMBURSED TO UCNS. AS UCNS HAD NO OTHER SOURCE OF FUNDS AT THE TIME, UCAH SERVICING GROUP DONATED $50,000 AS UNRESTRICTED OPERATING SUPPORT TO ASSIST IN PAYING THESE COMMON EXPENSES AS WELL AS TO ASSIST IN FUNDING THE SHARE OF EXPENSES ALLOCATED TO UCNS.

$65,000

HOUSING MANAGEMENT & DEVELOPMENT CO

PURPOSE: GENERAL SUPPORT

$16,129
View Grant Profile

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