Indiana Affordable Housing Council Inc
- Assets
- $424.4k
- Revenue
- $221.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-5430260
Organization Overview
Indiana Affordable Housing Council Inc is located in Carmel, IN. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Affordable Housing Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Indiana Affordable Housing Council Inc generated $221.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $150.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Indiana Affordable Housing Council Inc has awarded 13 individual grants totaling $125,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRESERVATION AND EXPANSION OF AFFORDABLE HOUSING IN INDIANA, AND TO PROMOTE AND SERVE THE INTERESTS OF PERSONS ACTIVELY INVOLVED IN AFFORDABLE HOSUING IN INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ORGANIZED TO PROVIDE A VOICE FOR THE AFFORDABLE HOUSING INDUSTRY AS LEGISLATION WAS BEING INTRODUCED IN THE INDIANA LEGISLATURE WITH RESPECT TO AMENDING THE STATUTE GOVERNING THE ASSESSMENT OF SECTION 42 PROPERTIES THAT WOULD ADVERSELY AFFECT THE OWNERS, OPERATORS AND DEVELOPERS OF AFFORDABLE HOUSING PROPERTIES THROUGHOUT INDIANA.
THE ORGANIZATION IS ALSO A VOICE IN THE AFFORDABLE HOUSING INDUSTRY AS A WHOLE AND COMMUNICATING WITH ITS MEMBERSHIP REGARDING LEGISLATIVE AND ADMINISTRATIVE MATTERS ON THE LOCAL, STATE AND FEDERAL LEVEL AS WELL AS OTHER MATTERS AFFECTING THE AFFORDABLE HOUSING INDUSTRY. THE ORGANIZATION ALSO SPONSORS AN ANNUAL AFFORDABLE HOUSING CONFERENCE, WHICH FOCUSES ON CURRENT ISSUES AND LEGISLATION AFFECTING THE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Whiting President | Officer | 0.5 | $0 |
Gareth Kuhl Secretary | Officer | 1 | $0 |
Sean O'connor Treasurer | Officer | 1 | $0 |
Michael Petrie Vice President | Officer | 0.5 | $0 |
Keith Broadnax Director | Trustee | 0.5 | $0 |
Erika Scott Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $14,800 |
| Total Program Service Revenue | $0 |
| Investment income | $2,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $199,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,500 |
| 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 | $51,600 |
| Fees for services: Legal | $254 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $37,856 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,060 |
| 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 | $689 |
| All other expenses | $0 |
| Total functional expenses | $150,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,413 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $424,413 |
| Accounts payable and accrued expenses | $5,834 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,834 |
| Net assets without donor restrictions | $0 |
| 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 | $418,579 |
| Total liabilities and net assets/fund balances | $424,413 |
Grants Awarded
Over the last fiscal year, Indiana Affordable Housing Council Inc has awarded $25,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: TO ASSIST IN PROVIDING EARLY INTERVATION SERVICES TO YOUNG CHILDREN WITH BLINDNESS AND LOW VISION. SERVICES, INCLUDE EVALUATIONS, IN HOME VISITS AND ACCESS TO RESOURCES THAT HELP PARENTS AND CAREGIVERS BETTER UNDERSTAND AND SUPPORT THEIR CHILD WITH VISUAL IMPAIRMENT. | $8,500 |
Indianapolis, IN PURPOSE: TO ASSIST THE ORGANIZATION TO SERVE HOMELESS AND NEAR HOMELESS VETERANS AND THEIR FAMILIES IN CENTRAL INDIANA. | $8,500 |
Indianapolis, IN PURPOSE: TO ASSIST IN OPERATING THE LARGEST FOOD PANTRY IN CENTRAL AND SOUTHERN INDIANA. | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indiana Affordable Housing Council Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Cinnaire Corporation Cinnaire Lansing, MI PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Soybean Export Council Inc Chesterfield, MO | $22,345,655 | $54,169,870 |
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
Somercor 504 Inc Chicago, IL | $3,029,721 | $5,498,037 |
Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
Sdco 2121 Belmont Inc Chicago, IL | $50,394,223 | $3,094,881 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $5,171,220 | $3,579,852 |
Financial & Insurance Conference Professionals Chicago, IL | $5,858,048 | $2,460,356 |
Surplus Line Association Of Illinois Chicago, IL | $9,048,277 | $3,089,072 |