Holy Name Housing Corporation
- Assets
- $22.1m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Omaha, NE
- Founding
- 03/1983
- Data as of
- 03/2022
- EIN
- 47-0653390
Organization Overview
Holy Name Housing Corporation is located in Omaha, NE. The organization was established in 1983. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Holy Name Housing Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Name Housing Corporation 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 03/2022, Holy Name Housing Corporation generated $11.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $8.9m during the year ending 03/2022. While expenses have increased by 6.7% 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
HOLY NAME HOUSING CORPORATION (HNHC) IS A COMMUNITY DEVELOPMENT ORGANIZATION IN OMAHA, NE. HNHC IS A UNIQUE ORGANIZATION - A "ONE STOP SHOP." HNHC IS OWNER/GENERAL PARTNER, CONSTRUCTION CONTRACTOR, DEVELOPER, MANAGER AND SUPPORTIVE SERVICES PROVIDER FOR OUR HOUSING DEVELOPMENTS.HNHC'S PRIMARY GOAL IS TO REVITALIZE OMAHA AND SURROUNDING COMMUNITY NEIGHBORHOODS BY CONSTRUCTING NEW HOMES ON VACANT LOTS AND RENOVATING SUBSTANDARD PROPERTIES. HNHC OFFERS A RENT TO OWN PROGRAM THAT PROVIDES SUPPORTIVE SERVICES TO PREPARE LOW TO MODERATE INCOME FAMILIES IN PURCHASING HOUSING THAT IS AFFORDABLE AND SUSTAINABLE. THE PROGRAM OFFERS TENANTS AN AFFORDABLE PLACE TO LIVE, AN ESCROW ACCOUNT AS PART OF EACH MONTH'S RENT AND SUPPORTIVE SERVICES. THESE SERVICES INCLUDE: INDIVIDUALIZED CASE MANAGEMENT AND EDUCATION ON THE BASICS OF BUDGETING, CREDIT, MORTGAGE LENDING AND MAINTENANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY NAME HOUSING CORPORATION (HNHC) IS A COMMUNITY DEVELOPMENT ORGANIZATION IN OMAHA, NE. HNHC IS A UNIQUE ORGANIZATION - A "ONE STOP SHOP." HNHC IS OWNER/GENERAL PARTNER, CONSTRUCTION CONTRACTOR, DEVELOPER, MANAGER AND SUPPORTIVE SERVICES PROVIDER FOR OUR HOUSING DEVELOPMENTS.HNHC'S PRIMARY GOAL IS TO REVITALIZE OMAHA AND SURROUNDING COMMUNITY NEIGHBORHOODS BY CONSTRUCTING NEW HOMES ON VACANT LOTS AND RENOVATING SUBSTANDARD PROPERTIES. HNHC OFFERS A RENT TO OWN PROGRAM THAT PROVIDES SUPPORTIVE SERVICES TO PREPARE LOW TO MODERATE INCOME FAMILIES IN PURCHASING HOUSING THAT IS AFFORDABLE AND SUSTAINABLE. THE PROGRAM OFFERS TENANTS AN AFFORDABLE PLACE TO LIVE, AN ESCROW ACCOUNT AS PART OF EACH MONTH'S RENT AND SUPPORTIVE SERVICES. THESE SERVICES INCLUDE: INDIVIDUALIZED CASE MANAGEMENT AND EDUCATION ON THE BASICS OF BUDGETING, CREDIT, MORTGAGE LENDING AND MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Vaughan Construction Manager | 40 | $123,571 | |
Mike Gawley Executive Director | Officer | 40 | $112,836 |
Joe Johns President | OfficerTrustee | 1 | $0 |
Jordan Raynor Treasurer | OfficerTrustee | 1 | $0 |
Daniel Boler Vice President | OfficerTrustee | 1 | $0 |
Caitlin Cedfeldt Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dave Janke Plumbing Company Inc Plumbing | 3/30/16 | $318,572 |
Billings Construction Inc Framing Carpentry | 3/30/16 | $277,700 |
Affordable Construction Pouring Concrete | 3/30/16 | $276,193 |
Ideal Heating & Air Conditioning Llc Hvac | 3/30/16 | $230,528 |
Jj Kies Drywall Drywall Services | 3/30/16 | $255,997 |
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 | $1,973,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,973,813 |
| Total Program Service Revenue | $9,681,810 |
| Investment income | $202,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,544 |
| Net Gain/Loss on Asset Sales | -$41,877 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,884,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,292 |
| 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. | $236,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,474 |
| Pension plan accruals and contributions | $30,000 |
| Other employee benefits | $39,242 |
| Payroll taxes | $77,757 |
| 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 | $82,644 |
| Advertising and promotion | $33,928 |
| Office expenses | $60,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,241 |
| Travel | $12,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,266 |
| Insurance | $92,210 |
| All other expenses | $0 |
| Total functional expenses | $8,884,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,332,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,310,233 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,910,207 |
| Inventories for sale or use | $2,972,538 |
| Prepaid expenses and deferred charges | $12,267 |
| Net Land, buildings, and equipment | $3,761,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,696,979 |
| Intangible assets | $0 |
| Other assets | $3,113,974 |
| Total assets | $22,109,474 |
| Accounts payable and accrued expenses | $2,865,148 |
| Grants payable | $6,478,041 |
| 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 | $994,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,337,655 |
| Net assets without donor restrictions | $11,771,819 |
| 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 | $22,109,474 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Holy Name Housing Corporation has recieved totaling $1,273,787.
| Awarding Organization | Amount |
|---|---|
The Lozier Foundation Omaha, NE PURPOSE: FOR PARTICIPATING IN NEBRASKA'S 2020 MIDDLE INCOME WORKFORCE HOUSING INVESTMENT FUND | $340,000 |
Sherwood Foundation Omaha, NE PURPOSE: MIDDLE INCOME WORKFORCE HOUSING | $294,334 |
Sherwood Foundation Omaha, NE PURPOSE: SHARED EQUITY PROGRAM VI & VII | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $100,000 |
Sherwood Foundation Omaha, NE PURPOSE: 2021 OPERATING GRANT | $75,000 |
Dorothy B Davis Foundation Omaha, NE PURPOSE: LOW INCOME HOUSING | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beyond Housing Inc Pine Lawn, MO | $38,518,173 | $15,419,086 |
Holy Name Housing Corporation Omaha, NE | $22,109,474 | $11,884,709 |
Del Norte Neighborhood Development Corporation Denver, CO | $34,154,860 | $3,468,317 |
Invest Dsm Des Moines, IA | $13,108,701 | $110,576 |
Heartland Independent Living Center Owensville, MO | $2,130,293 | $2,069,322 |
Habitat For Humanity International Inc Durango, CO | $4,364,928 | $1,729,163 |
Tenants To Homeowners Inc Lawrence, KS | $10,120,385 | $1,474,160 |
Mennonite Housing Rehabilatation Services Inc Wichita, KS | $8,957,159 | $1,813,824 |
Neighborhood Development Corp Des Moines, IA | $6,803,177 | $2,495,754 |
The Housing Partnership Inc St Louis, MO | $1,880,533 | $971,666 |
Restoration House Of Greater Kansas City Harrisonville, MO | $1,084,899 | $659,342 |
Boulder Housing Coalition Boulder, CO | $4,706,704 | $707,293 |