Southern Indiana Housing Development Corp
- Assets
- $557.7k
- Revenue
- $52.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 32-0087824
Organization Overview
Southern Indiana Housing Development Corp is located in Evansville, IN. The organization was established in 2004. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Southern Indiana Housing Development Corp 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, Southern Indiana Housing Development Corp generated $52.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $78.6k during the year ending 12/2021. While expenses have increased by 4.0% 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
PROVIDE LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVENUE AND EXPENSES DIRECTLY RELATE TO THE CONTINUOUS MAINTENANCE AND OPERATIONS OF A LOW-INCOME HOUSING PROJECT, LOCATED IN EVANSVILLE, INDIANA. THE PROJECT IS UNDER CONTRACT WITH AND UNDER SPECIFIC GUIDELINES ADMINISTERED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Edwards President | Officer | 2 | $0 |
Mary Hart Secretary | Officer | 2 | $0 |
Alice Weathers Board Member | Trustee | 2 | $0 |
Lisa Beckner Board Member | Trustee | 2 | $0 |
Sister Jane Nesmith Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,825 |
| 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 | $25,825 |
| Total Program Service Revenue | $25,473 |
| Investment income | $7 |
| 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 | $52,831 |
| 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 | $7,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,171 |
| Fees for services: Management | $1,223 |
| Fees for services: Legal | $4,539 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $112 |
| Office expenses | $1,158 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,995 |
| 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 | $19,883 |
| Insurance | $6,005 |
| All other expenses | $0 |
| Total functional expenses | $78,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,669 |
| 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 | $6,764 |
| Net Land, buildings, and equipment | $507,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,985 |
| Total assets | $557,697 |
| Accounts payable and accrued expenses | $58,532 |
| 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 | $847,470 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,051 |
| Total liabilities | $909,053 |
| Net assets without donor restrictions | -$351,356 |
| 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 | $557,697 |
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|---|---|---|
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Oakwood Village Prairie Ridge Apartments Inc Madison, WI | $66,544,502 | $7,123,839 |
Oak Grove Christian Retirement Village Inc Demotte, IN | $15,497,962 | $9,106,880 |
Harwood Place Inc Wauwatosa, WI | $17,919,656 | $8,540,786 |
Haven Hubbard Homes Inc New Carlisle, IN | $13,233,962 | $8,213,218 |
Bethany North Suburban Group Glenview, IL | $25,298,657 | $7,708,577 |
Schmitt Woodland Hills Incorporated Richland Center, WI | $14,880,060 | $7,907,727 |
St Monicas Senior Living Racine, WI | $12,962,132 | $7,449,311 |
Ascension Living Via Christi Village Georgetown St Louis, MO | $14,604,169 | $4,861,607 |
Temple Heights Manor Ii Kansas City, MO | $0 | $0 |
Wesley Willows A Methodist Retirement Home Rockford, IL | $42,480,873 | $6,663,074 |