Miami Valley Housing Opportunities Inc
- Assets
- $18.4m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 52
- Location
- Dayton, OH
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 31-1321426
Organization Overview
Miami Valley Housing Opportunities Inc is located in Dayton, OH. The organization was established in 1991. 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 06/2022, Miami Valley Housing Opportunities Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Valley Housing Opportunities 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 06/2022, Miami Valley Housing Opportunities Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $8.7m during the year ending 06/2022. While expenses have increased by 3.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DECENT, SAFE, AFFORDABLE HOUSING TO PERSONS IN MONTGOMERY COUNTY, OH WHO HAVE A MENTAL DISABILITY OR ARE RECOVERING FROM CHEMICAL DEPENDENCY.
Describe the Organization's Program Activity:
PROVIDE SEVERELY MENTALLY DISABLED RESIDENTS OF MONTGOMERY COUNTY, OHIO WITH AFFORDABLE HOUSING THROUGH 448 RENT-SUBSIDIZED SERVICE-SUPPORTED APARTMENTS FOR THE HOMELESS WITH DISABILITIES AND 472 SHELTER PLUS CARE VOUCHERS MANAGED BY THE ORGANIZATION IN COOPERATION WITH THE CITY OF DAYTON.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Dudley Chair | OfficerTrustee | 1 | $0 |
Jeremy Caffee Vice Chair | OfficerTrustee | 1 | $0 |
Jim Stuart Treasurer | OfficerTrustee | 1 | $0 |
Timothy Bement Trustee | Trustee | 1 | $0 |
Todd Cochran Trustee | Trustee | 1 | $0 |
Joyce Conrad Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&d Property Management Shelter Plus Care Tenant Rents | 6/29/22 | $158,932 |
Nile Investments Shelter Plus Care Tenant Rents | 6/29/22 | $137,956 |
Iqbal Bajwa Shelter Plus Care Tenant Rents | 6/29/22 | $124,636 |
Franchise Guy Shelter Plus Care Tenant Rents | 6/29/22 | $113,968 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,865,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,598,614 |
| Noncash contributions included in lines 1a–1f | $140,841 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,464,405 |
| Total Program Service Revenue | $2,207,870 |
| Investment income | $3,139 |
| 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 | $9,714,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,222,184 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $379,980 |
| Compensation of current officers, directors, key employees. | $227,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,645,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $603,313 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,148 |
| Fees for services: Accounting | $29,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,088 |
| Advertising and promotion | $14 |
| Office expenses | $147,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $599,974 |
| Travel | $22,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,313 |
| Interest | $31,060 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,222 |
| Insurance | $104,808 |
| All other expenses | $86,302 |
| Total functional expenses | $8,684,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035,821 |
| Savings and temporary cash investments | $567,721 |
| Pledges and grants receivable | $2,469 |
| Accounts receivable, net | $2,297,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,219,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,801 |
| Net Land, buildings, and equipment | $6,904,086 |
| Investments—publicly traded securities | $218,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,036,287 |
| Total assets | $18,354,330 |
| Accounts payable and accrued expenses | $156,065 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $5,132,061 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $241,277 |
| Total liabilities | $5,534,403 |
| Net assets without donor restrictions | $10,790,599 |
| Net assets with donor restrictions | $2,029,328 |
| 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 | $18,354,330 |