Family Housing Advisory Services Inc
- Assets
- $4.1m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Omaha, NE
- Founding
- 12/1970
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Family Housing Advisory Services Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HOUSING OPPORTUNITIES AND ELIMINATE POVERTY BY HELPING PEOPLE ACHIEVE HOUSING STABILITY 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.
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. 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.
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.
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.
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 |
|---|---|---|---|
Eseoghene Theresa Omadevuae Chair | OfficerTrustee | 1 | $0 |
Damien Foster Vice Chair | OfficerTrustee | 1 | $0 |
Rev Portia A Cavitt Secretary | OfficerTrustee | 1 | $0 |
Jim Reiff Treasurer | OfficerTrustee | 1 | $0 |
Kanika Sipp Director | Trustee | 1 | $0 |
Nate Deboer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $432,746 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $835,266 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,050,472 |
| Noncash contributions included in lines 1a–1f | $4,436 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,318,484 |
| Total Program Service Revenue | $586,691 |
| Investment income | $2,351 |
| 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 | $4,908,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,125,406 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $239,848 |
| Compensation of current officers, directors, key employees. | $18,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,841,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $274,726 |
| 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 | $24,450 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,330 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,097 |
| Insurance | $32,804 |
| All other expenses | $67,911 |
| Total functional expenses | $5,231,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $800,975 |
| Accounts receivable, net | $441,808 |
| 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 | $6,712 |
| Net Land, buildings, and equipment | $2,338,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,810 |
| Total assets | $4,088,628 |
| Accounts payable and accrued expenses | $222,174 |
| 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 | $101,437 |
| Total liabilities | $323,611 |
| Net assets without donor restrictions | $2,983,258 |
| Net assets with donor restrictions | $781,759 |
| 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 | $4,088,628 |