Turner Affordable Housing Inc
- Assets
- $1.3m
- Revenue
- $579.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Altoona, PA
- Founding
- Data as of
- 06/2024
- EIN
- 27-0345192
Organization Overview
Turner Affordable Housing Inc is located in Altoona, PA. 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. Turner Affordable Housing 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 06/2024, Turner Affordable Housing Inc generated $579.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $554.9k during the year ending 06/2024. While expenses have increased by 0.6% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING TO QUALIFIED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TURNER AFFORDABLE HOUSING, INC. IS ORGANIZED TO PROVIDE LOW-COST HOUSING ON A NON-PROFIT BASIS. THE PROJECT IS A 61-UNIT APARTMENT COMPLEX LOCATED IN EBENSBURG, PA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Ponchione Director | Trustee | 0 | $0 |
Sharon Traino Magley Director | Trustee | 0 | $0 |
Nancy Rovansek Director | Trustee | 0 | $0 |
Terri Kodgis President | Officer | 0 | $0 |
William L Neatrour Jr Vice President | Officer | 0 | $0 |
Linda K Orlosky Secretary/treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $283,519 |
| 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 | $283,519 |
| Total Program Service Revenue | $247,885 |
| Investment income | $646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,337 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,401 |
| Payroll taxes | $6,666 |
| Fees for services: Management | $41,788 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,309 |
| Advertising and promotion | $2,262 |
| Office expenses | $12,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,706 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,156 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,454 |
| Insurance | $0 |
| All other expenses | $287 |
| Total functional expenses | $554,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,813 |
| Savings and temporary cash investments | $22,087 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,073 |
| 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 | $18,134 |
| Net Land, buildings, and equipment | $902,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $103,237 |
| Other assets | $151,376 |
| Total assets | $1,284,661 |
| Accounts payable and accrued expenses | $200,554 |
| 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 | $2,186,857 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,087 |
| Total liabilities | $2,409,498 |
| Net assets without donor restrictions | -$1,124,837 |
| 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 | $1,284,661 |