Housing Plus
- Assets
- $13.6m
- Revenue
- $863.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Midvale, UT
- Founding
- 10/2011
- Data as of
- 12/2021
- EIN
- 27-3541853
Organization Overview
Housing Plus is located in Midvale, UT. The organization was established in 2011. 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. Housing Plus 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 12/2021, Housing Plus generated $863.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $787.3k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INNOVATIVELY UTILIZE RESOURCES TO PRESERVE & CREATE QUALITY AFFORDABLE HOUSING COMMITTED TO FULFILLING INDIVIDUAL HOUSING NEEDS & STABILIZE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATIVELY UTILIZE RESOURCES TO PRESERVE & CREATE QUALITY AFFORDABLE HOUSING COMMITTED TO FULFILLING INDIVIDUAL HOUSING NEEDS & STABILIZE NEIGHBORHOODS.
HOUSING PLUS OWNS .01% INTEREST IN CROWN AT GEMINI MEADOWS, LLC; CROWN AT HUNTER GLEN, LLC; CROWN AT ASH CREEK, LLC; WOODED MOUNTAIN, LLC; AND CROWN GEMINI MEADOWS II, LLC. THESE ENTITIES WILL PROVIDE SINGLE FAMILY HOMES IN UTAH WHICH WILL BE SUBJECT TO RENT RESTRICTIONS AND QUALIFIED TENANT RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Hanks Former Chairman | OfficerTrustee | 1 | $0 |
Kisty Morris Chairman | OfficerTrustee | 1 | $0 |
Todd Boren Treasurer | OfficerTrustee | 1 | $0 |
Phillip Meeks Vice Chairman | OfficerTrustee | 1 | $0 |
Dan Adams Executive Director | Officer | 16 | $0 |
Mark Cornelius Director | Trustee | 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 | $145,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,000 |
| Total Program Service Revenue | $671,507 |
| Investment income | $47,283 |
| 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 | $863,790 |
| 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. | $50,453 |
| Compensation of current officers, directors, key employees. | $27,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,705 |
| Pension plan accruals and contributions | $1,876 |
| Other employee benefits | $15,140 |
| Payroll taxes | $23,999 |
| Fees for services: Management | $26,977 |
| Fees for services: Legal | $151 |
| Fees for services: Accounting | $47,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,307 |
| Advertising and promotion | $4,375 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,507 |
| Travel | $1,694 |
| 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 | $186,751 |
| Insurance | $25,634 |
| All other expenses | $20,978 |
| Total functional expenses | $787,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,801 |
| Savings and temporary cash investments | $1,154,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,237 |
| 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 | $249,347 |
| Net Land, buildings, and equipment | $8,215,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,083,079 |
| Intangible assets | $0 |
| Other assets | $289,000 |
| Total assets | $13,592,930 |
| Accounts payable and accrued expenses | $76,933 |
| 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 | $6,083,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $550 |
| Total liabilities | $6,161,038 |
| Net assets without donor restrictions | $7,431,892 |
| 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 | $13,592,930 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Housing Plus has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Federation Of Protestant Welfare Agencies Inc New York, NY PURPOSE: NYT DIRECT ASSISTANCE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Scottsdale Municipal Property Corp Scottsdale, AZ | $479,997,584 | $48,828,086 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |