Better Housing Inc
- Assets
- $747.1k
- Revenue
- $529.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Fort Scott, KS
- Founding
- 01/1976
- Data as of
- 06/2023
- EIN
- 48-0897854
Organization Overview
Better Housing Inc is located in Fort Scott, KS. The organization was established in 1976. 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. As of 06/2023, Better Housing Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Housing Inc 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 06/2023, Better Housing Inc generated $529.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $564.6k during the year ending 06/2023. 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
OPERATE LOW INCOME HOUSING COMPLEX
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS A 68 UNIT LOW INCOME HOUSING COMPLEX IN FORT SCOTT, KS. ALL ACTIVITIES RELATE TO THE OPERATION OF THIS RENTAL COMPLEX.
THE ORGANIZATION OWNS A 68 UNIT LOW INCOME HOUSING COMPLEX IN FORT SCOTT, KS. ALL ACTIVITIES RELATE TO THE OPERATION OF THIS RENTAL COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Ash Chairman | OfficerTrustee | $0 | |
Mark Kelso Sec/treas | OfficerTrustee | $0 | |
Bill Lee Director | Trustee | $0 | |
Brandon Peck Asst Sec/tre | OfficerTrustee | $0 | |
Victor Arnold Exec Directo | Officer | 40 | $0 |
Steve Kelso Board Member | Officer | $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 | $528,944 |
| Investment income | $401 |
| 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 | $529,345 |
| 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 | $150,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,575 |
| Payroll taxes | $13,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $680 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,289 |
| Office expenses | $20,421 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,522 |
| 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 | $55,430 |
| Insurance | $60,264 |
| All other expenses | $0 |
| Total functional expenses | $564,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,985 |
| Savings and temporary cash investments | $218,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $26,299 |
| Net Land, buildings, and equipment | $485,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $747,075 |
| Accounts payable and accrued expenses | $67,785 |
| 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 | $18,913 |
| Total liabilities | $86,698 |
| Net assets without donor restrictions | $660,377 |
| 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 | $747,075 |