Miami Valley In-Ovations Incorporated
- Assets
- $20.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, OH
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 31-1345575
Organization Overview
Miami Valley In-Ovations Incorporated is located in Englewood, OH. The organization was established in 1993. 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. Miami Valley In-Ovations Incorporated 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, Miami Valley In-Ovations Incorporated generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $33.5k during the year ending 12/2021. 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
PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING-DEVELOP, ACQUIRE AND MANAGE PERMANENT, AFFORDABLE HOMES. CONTRACT FOR SUPPORT SERVICES AS NEEDED TO PERSONS WITH DEVELOPMENTAL DISABILITIES, AS WELL AS OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Caffee Vice Chair | OfficerTrustee | 2 | $0 |
Anita Schmaltz Chair | OfficerTrustee | 2 | $0 |
Rose Bradley Treasurer | OfficerTrustee | 2 | $0 |
Dawn Lewis Secrtetary | OfficerTrustee | 2 | $0 |
Carriaretha Paschal General Manager | Trustee | 40 | $0 |
Stacie Soifer Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,801,034 |
| 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 | $1,801,034 |
| Total Program Service Revenue | $0 |
| Investment income | $3,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$666,891 |
| Net Gain/Loss on Asset Sales | $53,631 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,359,793 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,140 |
| Fees for services: Accounting | $10,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,098 |
| Advertising and promotion | $0 |
| Office expenses | $6,480 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,579 |
| Total functional expenses | $33,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $904,781 |
| Savings and temporary cash investments | $2,541,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,822 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,273,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,938 |
| Total assets | $20,887,293 |
| Accounts payable and accrued expenses | $19,175 |
| Grants payable | $0 |
| Deferred revenue | $5,750,354 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,128 |
| Total liabilities | $5,864,657 |
| Net assets without donor restrictions | $15,022,636 |
| 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 | $20,887,293 |
Grants Awarded
Over the last fiscal year, Miami Valley In-Ovations Incorporated has awarded $20,316 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTGOMERY COUNTY HUMAN SOURCES LEVY CAMPAIGN PURPOSE: TO FUND DEVELOPMENTAL DISABILITIES SERVICES AND OTHERS | $20,000 |
OTHER PURPOSE: TO FUND DEVELOPMENTAL DISABILITIES SERVICES AND OTHERS | $316 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miami Valley In-Ovations Incorporated has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Caresource Foundation Dayton, OH PURPOSE: Tornado Rebuild for People with Disabilities | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Mht Housing Inc Bingham Farms, MI | $103,750,395 | $19,352,676 |
Greater Berks Development Fund Reading, PA | $39,552,158 | $9,719,449 |
Habitat For Humanity International Inc Philadelphia, PA | $20,358,278 | $15,243,125 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |
Miami Valley Housing Opportunities Inc Dayton, OH | $17,399,456 | $7,922,561 |
Crf Affordable Housing Inc Plainfield, IN | $71,328,382 | $70,095,090 |
National Affordable Housing Trust Inc Columbus, OH | $12,512,765 | $8,943,724 |
Lgarpa Corp Turtle Creek, PA | $11,929,864 | $9,395,264 |
Saints Incorporated Wayne, MI | $4,505,745 | $8,843,014 |