Terre Haute Housing Authority Development Corp is located in Terre Haute, IN. The organization was established in 1993. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Terre Haute Housing Authority 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 09/2022, Terre Haute Housing Authority Development Corp generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $860.1k during the year ending 09/2022. 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
TO PROVIDE DWELLINGS FOR ELDERLY OR HANDICAPPED FAMILIES AND PERSONS OF LOW INCOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME INDIVIDUALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Waugh Vice President | OfficerTrustee | 1 | $0 |
Patricia Parker-Zaikovsky President | OfficerTrustee | 1 | $0 |
Jeffrey Stewart Executive Director | Officer | 1 | $0 |
Maria Lake Director Of Finance/treasu | Officer | 1 | $0 |
James J Counterman Board Member | Trustee | 1 | $0 |
Teresa Prince Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $28,474 |
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 | $28,474 |
Total Program Service Revenue | $897,533 |
Investment income | $90 |
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 | $1,044,101 |
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 | $160,455 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $308 |
Fees for services: Accounting | $4,189 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $178 |
Office expenses | $3,072 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $23,494 |
Travel | $25 |
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 | $264,920 |
Insurance | $70,031 |
All other expenses | $369 |
Total functional expenses | $860,097 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,416,646 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,287 |
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 | $65,982 |
Net Land, buildings, and equipment | $1,969,577 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,462,492 |
Accounts payable and accrued expenses | $20,054 |
Grants payable | $0 |
Deferred revenue | $7,999 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $60,499 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $249,483 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $338,035 |
Net assets without donor restrictions | $4,124,457 |
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 | $4,462,492 |
Over the last fiscal year, we have identified 1 grants that Terre Haute Housing Authority Development Corp has recieved totaling $70,075.
Awarding Organization | Amount |
---|---|
United Way Of The Wabash Valley Inc Terre Haute, IN PURPOSE: Covid-19 Grant | $70,075 |
Organization Name | Assets | Revenue |
---|---|---|
Apple Canyon Lake Property Owners Association Apple River, IL | $10,186,851 | $3,960,232 |
820 W Belle Plaine Cooperative Chicago, IL | $8,052,333 | $2,389,201 |
Building Owners And Managers Association Of Chicago Chicago, IL | $1,459,387 | $2,903,504 |
Lake Holiday Property Owners Association Inc Somonauk, IL | $7,075,550 | $2,253,751 |
Carr Square Tenant Corporation Saint Louis, MO | $3,519,634 | $1,262,069 |
Csl Community Association Inc North Vernon, IN | $4,686,607 | $1,182,975 |
Lake Winnebago Home Owners Association Lake Winnebago, MO | $7,105,548 | $1,164,558 |
William E English Foundation Indianapolis, IN | $7,061,359 | $1,037,570 |
Home Builders Association Of Kentucky Inc Frankfort, KY | $2,651,419 | $1,095,871 |
Deliverance Manor Housing Corporation Homewood, IL | $2,120,469 | $901,172 |
Prairie Stone Property Owners Association Hoffman Estates, IL | $186,635 | $871,721 |
Terre Haute Housing Authority Development Corp Terre Haute, IN | $4,462,492 | $1,044,101 |