Dc Housing Solutions
- Assets
- $53.2m
- Revenue
- $1.1m
- Investments
- $1.9m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2015
- Data as of
- 09/2021
- EIN
- 46-1478497
Organization Overview
Dc Housing Solutions is located in Washington, DC. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. DC Housing Solutions 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 09/2021, DC Housing Solutions generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $91.4k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATING THE DEVELOPMENT OF AFFORDABLE HOUSING AND RELATED FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND FACILITATE THE DEVELOPMENT OF HOUSING PROPERTIES AND LESSEN THE BURDENS OF GOVERNMENT. THE DEVELOPMENTS INCLUDE PARKWAY OVERLOOK DWELLING, SQUARE 882N OWNER, LLC, AND SQUARE 882N AFFORDABLE GP. THE PARKWAY OVERLOOK APARTMENTS WAS AN ABANDONED 266 APARTMENT COMPLEX WHICH WAS CLOSED BY THE DISTRICT OF COLUMBIA AND HUD IN 2008 DUE TO CRUMBLING CONDITIONS. AS THIS DEVELOPMENT IS IN PRE-DEVELOPMENT STAGES, THE FINAL PRODUCT WILL BE A REHABILITATED PROPERTY WITH 220 UNITS OF WHICH 59 WILL BE AFFORDABLE WITH THREE BEDROOM UNITS. SQUARE 882N OWNER AND AFFORDABLE IS A 23-ACRE TRACT STRETCHING FROM THE NAVY YARD TO THE ANACOSTIA RIVER IN WASHINGTON, DC. THIS IS A HOPE VI PROJECT, ONCE A PUBLIC HOUSING PROJECT, WITH A TOTAL OF 707 UNITS. CONTINUED ON SCHEDULE OTHIS REVITALIZED AREA IS PROVIDING ONE-FOR-ONE REPLACEMENT OF THE DEMOLISHED PUBLIC HOUSING UNITS IN THE SAME FOOTPRINT AS THE ORIGINAL DEVELOPMENT. THE DEVELOPMENT PLAN CALLS FOR THAN 1,600 NEW RENTAL AND HOME OWNERSHIP UNITS TO CREATE A THRIVING COMMUNITY. THE FIRST PHASE OPENED IN 2007. THIS NEIGHBORHOOD ALSO INCLUDES THE NATIONAL BASEBALL LEAGUE NATIONALS BALL PARK, WHICH OPENED IN THE SPRING OF 2008.
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 |
|---|---|---|---|
Tyrone Garrett President Thru 6/2021 | OfficerTrustee | 1 | $0 |
Bi-Liang Chen Treasurer Thru 12/2020 | OfficerTrustee | 1 | $0 |
Neil Albert Director/chairman | OfficerTrustee | 1 | $0 |
Kenneth Slaughter Secretary Thru 12/2020 | OfficerTrustee | 1 | $0 |
Kenneth Council Director/vice Chairman | OfficerTrustee | 1 | $0 |
Brenda Donald President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,100,000 |
| Investment income | $16,086 |
| 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 | $1,116,086 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,088 |
| 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 | $25,310 |
| All other expenses | $48,391 |
| Total functional expenses | $91,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,429,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,823,198 |
| 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 | $33,013,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,884,098 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,150,967 |
| Accounts payable and accrued expenses | $3,050 |
| 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 | $3,257,109 |
| Total liabilities | $3,260,159 |
| Net assets without donor restrictions | $43,167,069 |
| Net assets with donor restrictions | $6,723,739 |
| 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 | $53,150,967 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dc Housing Solutions has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Capital One Foundation Inc Mclean, VA PURPOSE: HIGHLAND DWELLINGS FINANCIAL EDUCATION PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Habitat For Humanity Of The Chesapeake Inc Baltimore, MD | $24,324,066 | $8,169,233 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Chisom Housing Group Washington, DC | $40,133,226 | $15,487,472 |
Habitat For Humanity International Inc Newport News, VA | $9,861,358 | $8,052,076 |
Wesley Housing Development Corporation Of Northern Virginia Alexandria, VA | $44,230,535 | $12,100,793 |
Chemung View Housing Inc North Bethesda, MD | $48,659,010 | $8,326,428 |
Habitat For Humanity International Inc Richmond, VA | $16,536,878 | $11,681,455 |
Habitat For Humanity International Inc Silver Spring, MD | $5,733,841 | $7,602,541 |
Habitat For Humanity International Inc Salisbury, MD | $3,867,227 | $5,868,087 |
District Alliance For Safe Housing Inc Washington, DC | $11,315,655 | $5,174,031 |
Arlington Partnership For Affordable Housing Inc Arlington, VA | $108,361,619 | $16,360,887 |