Hinesville Leased Housing Corporation
- Assets
- $5.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Hinesville, GA
- Founding
- Data as of
- 09/2022
- EIN
- 45-5495670
Organization Overview
Hinesville Leased Housing Corporation is located in Hinesville, GA. Hinesville Leased Housing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2022, Hinesville Leased Housing Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.6m during the year ending 09/2022. While expenses have increased by 4.3% per year over the past 6 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
PROVIDE HOUSING UNDER HUD'S MULTI-FAMILY PROGRAM. THE PROPERTY CONSISTS OF 128 FAMILY UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING UNDER HUD'S MULTI-FAMILY PROGRAM. THE PROPERTY CONSISTS OF 128 FAMILY UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul C Johnson Director | Trustee | 0.5 | $0 |
Karen Branson Director | Trustee | 0.5 | $0 |
Denise Deigh Director | Trustee | 0.5 | $0 |
Joseph F Ford Chairman | OfficerTrustee | 0.5 | $0 |
Lee Mcgee Director | Trustee | 0.5 | $0 |
Lamonica Jenkins Vice Chairman | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $900,105 |
| 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 | $900,105 |
| Total Program Service Revenue | $354,000 |
| Investment income | $88 |
| 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 | $1,254,193 |
| 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 | $81,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,107 |
| Payroll taxes | $0 |
| Fees for services: Management | $74,632 |
| Fees for services: Legal | $30,281 |
| Fees for services: Accounting | $54,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,392 |
| Office expenses | $25,269 |
| 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 | $248,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,656 |
| Insurance | $0 |
| All other expenses | $38,655 |
| Total functional expenses | $1,644,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,204 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $359,013 |
| Inventories for sale or use | $20,687 |
| Prepaid expenses and deferred charges | $34,862 |
| Net Land, buildings, and equipment | $5,087,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272,686 |
| Total assets | $5,811,981 |
| Accounts payable and accrued expenses | $998,911 |
| Grants payable | $0 |
| Deferred revenue | $37,997 |
| 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 | $6,626,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,086 |
| Total liabilities | $7,694,394 |
| Net assets without donor restrictions | -$1,882,413 |
| 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 | $5,811,981 |