Owsley County Housing Assn
- Assets
- $406.6k
- Revenue
- $382.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Booneville, KY
- Founding
- 09/1979
- Data as of
- 08/2022
- EIN
- 31-0908695
Organization Overview
Owsley County Housing Assn is located in Booneville, KY. The organization was established in 1979. 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. As of 08/2022, Owsley County Housing Assn employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owsley County Housing Assn 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 08/2022, Owsley County Housing Assn generated $382.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $407.2k during the year ending 08/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES AN APARTMENT COMPLEX FOR LOW INCOME AND DISABLED INDIVIDUALS. THE RENT IS SUBSIDIZED UNDER A SECTION 8 SUBSIDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OWSLEY CO. HOUSING ASSOCIATION, INC.- RIVERSIDE APARTMENTS OPERATES A 40 UNIT APARTMENT PROJECT FOR ELDERLY, HANDICAPPED, AND LOW INCOME INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendall Robinson Booneville Ky 4131 President | OfficerTrustee | 1 | $0 |
Roy Fox Booneville Ky 41314 Treasurer | OfficerTrustee | 1 | $0 |
Sharon Robinson Booneville Ky 41314 Asst Secretary | OfficerTrustee | 1 | $0 |
Jerry Mcintosh Booneville Ky 41314 Vice-President | OfficerTrustee | 1 | $0 |
Charles Long Booneville Ky 41314 Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $296,736 |
| 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 | $296,736 |
| Total Program Service Revenue | $81,551 |
| Investment income | $304 |
| 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 | $382,674 |
| 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 | $126,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,074 |
| Payroll taxes | $9,512 |
| Fees for services: Management | $27,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,868 |
| 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 | $125 |
| Interest | $6,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,800 |
| Insurance | $27,565 |
| All other expenses | $11,938 |
| Total functional expenses | $407,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,592 |
| 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 | $4,060 |
| Net Land, buildings, and equipment | $213,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,672 |
| Total assets | $406,576 |
| Accounts payable and accrued expenses | $34,906 |
| Grants payable | $0 |
| Deferred revenue | $2,800 |
| 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 | $721,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,394 |
| Total liabilities | $763,980 |
| Net assets without donor restrictions | -$357,404 |
| 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 | $406,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |