B T W Housing Association Inc
- Assets
- $1.5m
- Revenue
- $440.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Oberlin, OH
- Founding
- 05/1988
- Data as of
- 07/2022
- EIN
- 34-1554295
Organization Overview
B T W Housing Association Inc is located in Oberlin, OH. The organization was established in 1988. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 07/2022, B T W Housing Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B T W Housing Association 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 07/2022, B T W Housing Association Inc generated $440.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $452.4k during the year ending 07/2022. While expenses have increased by 2.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A 40 UNIT APARTMENT BUILDING FOR ELDERLY AND ELIGIBLE HANDICAPPED PEOPLE IN NEED IN LORAIN, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 40 UNIT APARTMENT BUILDING FOR ELDERLY AND ELIGIBLE HANDICAPPED PEOPLE IN NEED IN LORAIN, OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Romero Site Manager | Officer | $23,546 | |
Karen Amenhauser Clerical Assistant | Officer | $22,572 | |
Barney Hartman Board Chairman | OfficerTrustee | $0 | |
William J Campbell Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $310,824 |
| 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 | $310,824 |
| Total Program Service Revenue | $127,413 |
| Investment income | $916 |
| 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 | $440,896 |
| 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 | $41,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,881 |
| Payroll taxes | $3,971 |
| Fees for services: Management | $29,217 |
| Fees for services: Legal | $1,255 |
| Fees for services: Accounting | $11,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,688 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,854 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,069 |
| Insurance | $28,413 |
| All other expenses | $0 |
| Total functional expenses | $452,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,636 |
| Savings and temporary cash investments | $403,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,303 |
| Net Land, buildings, and equipment | $956,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,733 |
| Total assets | $1,452,727 |
| Accounts payable and accrued expenses | $27,343 |
| 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 | $1,807,312 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,212 |
| Total liabilities | $1,845,867 |
| Net assets without donor restrictions | -$393,140 |
| 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 | $1,452,727 |
Endowment Analysis
Peer Organizations
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|---|---|---|
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Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
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