Housing Partnerships Inc
- Assets
- $4.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Columbus, IN
- Founding
- 10/1990
- Data as of
- 12/2022
- EIN
- 35-1807216
Organization Overview
Housing Partnerships Inc is located in Columbus, IN. The organization was established in 1990. 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 12/2022, Housing Partnerships Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Partnerships 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 12/2022, Housing Partnerships Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. 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
HOUSING PARTNERSHIPS, INC CREATES GREAT COMMUNITIES THROUGH DIRECT INVESTMENTS AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING AND PROVIDING AFFORDABLE RENTAL HOUSING FOR LOW-INCOME ELIGIBLE RESIDENTS.
MAKING REPAIRS TO HOMES OWNED BY QUALIFIED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Wichman President | OfficerTrustee | 4 | $0 |
Nyra Miller Vice President | OfficerTrustee | 1 | $0 |
Julie Belser Secretary/treasurer | OfficerTrustee | 1 | $0 |
Maria Rodriguez Director | Trustee | 1 | $0 |
Grace Kestler Director | Trustee | 1 | $0 |
Blake Reed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,676 |
| Total Program Service Revenue | $1,366,383 |
| Investment income | $153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,486,134 |
| 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. | $42,542 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,316 |
| Payroll taxes | $22,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $102,693 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $362,658 |
| Insurance | $77,821 |
| All other expenses | $48,341 |
| Total functional expenses | $2,619,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $299,697 |
| 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 | $4,219,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $50,519 |
| Intangible assets | $0 |
| Other assets | $205,802 |
| Total assets | $4,911,206 |
| Accounts payable and accrued expenses | $128,243 |
| Grants payable | $0 |
| Deferred revenue | $22,433 |
| 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 | $2,118,463 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,700 |
| Total liabilities | $2,335,839 |
| Net assets without donor restrictions | $2,545,890 |
| Net assets with donor restrictions | $29,477 |
| 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 | $4,911,206 |