Family Housing Advisory Services Inc
- Assets
- $4.4m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 45
- Location
- Omaha, NE
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 47-0526720
Organization Overview
Family Housing Advisory Services Inc is located in Omaha, NE. The organization was established in 1970. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Family Housing Advisory Services Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Housing Advisory Services 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 12/2021, Family Housing Advisory Services Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HOUSING OPPORTUNITIES AND ELIMINATE POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENANT SERVICES: HOMELESSNESS PREVENTION, RENTAL COUNSELING, HOUSING ASSISTANCE, AND ADVOCACY WORK TO ASSIST INDIVIDUALS AND FAMILIES TO AVOID HOMELESSNESS AND LOCATE PERMANENT HOUSING.
HOMEOWNER FINANCE: A PROGRAM VIA OMAHA 100, INC. THAT PROVIDES MORTGAGE FINANCING TO HELP PROSPECTIVE HOME BUYERS REALIZE THE "AMERICAN DREAM" OF HOMEOWNERSHIP. THE PROGRAM CONNECTS BUYERS WITH HOMEBUYER EDUCATION AND FINANCIAL EDUCATION TO ADDRESS CREDIT ISSUES AND PREPARE FOR A MORTGAGE LOAN.
FINANCIAL EDUCATION: PROVIDES FINANCIAL EDUCATION, MATCHED SAVINGS (AS AVAILABLE), BUDGETING, CREDIT AND SAVINGS, AND COACHING THROUGH ONE-ON-ONE COUNSELING, FOLLOW-UP SUPPORT COUNSELING, AND CREDIT HISTORY REVIEW ASSISTANCE. FOR ADULTS AND ALSO TO YOUTH TRANSITIONING OUT OF THE FOSTER CARE SYSTEM.
EARNED INCOME TAX CREDIT COALITION: PROVIDES QUALITY VOLUNTEER TAX RETURN PREPARATION, LEVERAGES COMMUNITY PARTNERSHIPS, AND WORKS TO CREATE STRATEGIES TO IMPROVE SAVINGS FOR LOW- TO MODERATE-INCOME FAMILIES. HOME BUYER EDUCATION: PREPARES CONSUMERS FOR THE HOME BUYING PROCESS THROUGH MONTHLY, 12-HOUR WORKSHOPS OR AN ONLINE PRE-PURCHASE EDUCATION COURSE. ONE-ON-ONE COUNSELING, CREDIT REPORT REVIEW, FOLLOW-UP SUPPORT COUNSELING, AND MORTGAGE DOCUMENTATION REVIEW ASSISTANCE. PROVIDES ONE-ON-ONE COUNSELING AND ADVOCACY FOR PERSONS WHO ARE CURRENTLY DELINQUENT OR IMMINENT DEFAULT ON THEIR MORTGAGE LOAN. WE ASSIST WITH NEGOTIATING THEIR LOAN TERMS, MODIFICATIONS, DEED-IN-LIEU OF FORECLOSURE, AND SHORT SALES WITH THEIR LENDERS.FAIR HOUSING CENTER: PROVIDES COMPREHENSIVE FAIR HOUSING SERVICES, INCLUDING INTAKE AND INVESTIGATION OF HOUSING DISCRIMINATION COMPLAINTS, FAIR HOUSING CONSUMER AND INDUSTRY EDUCATION, AND TRAINING STATEWIDE IN NEBASKA AND IOWA.LAKE POINT: FACILITY OWNED AND OPERATED BY FAMILY HOUSING ADVISORY SERVICES, PROVIDING RENTAL UNITS TO NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Hunter Executive Director | Officer | 45 | $127,800 |
Ronette Steffes Chief Financial Officer | Officer | 45 | $94,468 |
Eseoghene Theresa Omadevuae Chair | OfficerTrustee | 1 | $0 |
Damien Foster Treasurer | OfficerTrustee | 1 | $0 |
Rev Portia A Cavitt Secretary | OfficerTrustee | 1 | $0 |
Sister Marilyn Ross Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $436,023 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $566,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,440,643 |
| Noncash contributions included in lines 1a–1f | $152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,443,168 |
| Total Program Service Revenue | $1,065,463 |
| Investment income | $483 |
| 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 | $3,509,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $696,944 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,668 |
| Compensation of current officers, directors, key employees. | $11,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,833,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $222,415 |
| Payroll taxes | $0 |
| 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 | $19,100 |
| Advertising and promotion | $0 |
| Office expenses | $7,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,911 |
| Travel | $10,267 |
| 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 | $99,666 |
| Insurance | $27,860 |
| All other expenses | $40,084 |
| Total functional expenses | $3,476,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $933,164 |
| Savings and temporary cash investments | $96,353 |
| Pledges and grants receivable | $609,971 |
| Accounts receivable, net | $179,646 |
| 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 | $14,568 |
| Net Land, buildings, and equipment | $2,443,431 |
| Investments—publicly traded securities | $2,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,789 |
| Total assets | $4,420,321 |
| Accounts payable and accrued expenses | $241,353 |
| 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 | $129,523 |
| Total liabilities | $370,876 |
| Net assets without donor restrictions | $3,461,399 |
| Net assets with donor restrictions | $588,046 |
| 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 | $4,420,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Housing Advisory Services Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Sokolof Grandchildren Charitable Foundation Omaha, NE PURPOSE: HOMEOWNER EDUCATION PROGRAMS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland Foundation Omaha, NE | $123,768,571 | $4,108,665 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Elkhorn Valley Community Development Corporation Norfolk, NE | $12,960,627 | $4,413,796 |
Family Housing Advisory Services Inc Omaha, NE | $4,420,321 | $3,509,114 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Habitat For Humanity International Inc Joplin, MO | $7,929,648 | $3,491,454 |
Successful Living Supportive Housing Program Iowa City, IA | $3,127,012 | $2,854,795 |
Hfho Real Estate Holdings Inc Omaha, NE | $4,308,408 | $2,447,749 |