Tenants To Homeowners Inc
- Assets
- $10.1m
- Revenue
- $1.5m
- Investments
- $66.7k
- Employees
- 9
- Location
- Lawrence, KS
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 48-1131323
Organization Overview
Tenants To Homeowners Inc, operating under the name Lawrence Community Housing Trust, is located in Lawrence, KS. The organization was established in 1995. 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 12/2021, Lawrence Community Housing Trust employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Community Housing Trust 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, Lawrence Community Housing Trust generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 14.4% 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 BUILD STABILITY FOR FAMILIES AND COMMUNITY THROUGH AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENANTS TO HOMEOWNERS, INC. DEVELOPS OR ACQUIRES PROPERTY FOR THE PURPOSE OF REHABILITATING, RENTING OR SELLING HOMES IN TRUST TO LOW AND MODERATE- INCOME RESIDENTS IN THE LAWRENCE COMMUNITY. DURING 2021 TTH MANAGED 123 AFFORDABLE RENTAL UNITS AND ADDED UNITS IN BALDWIN CITY. TTH STEWARDED REAL ESTATE TRANSACTIONS, MAKING 10 HOUSEHOLDS NEW HOMEOWNERS. TTH ALSO STWARDED 91 PERMANENTLY AFFORDABLE HOMES IN TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Buford Executive Di | Officer | 40 | $68,472 |
Amy Cleavinger Treasurer | OfficerTrustee | 2 | $0 |
Ashley Zeller Vice Preside | OfficerTrustee | 2 | $0 |
Lloyd Rainge President | OfficerTrustee | 2 | $0 |
Suzanne Kerich Secretary | OfficerTrustee | 2 | $0 |
Mike Myers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,086 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $771,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $959,206 |
| Total Program Service Revenue | $647,310 |
| Investment income | $18 |
| 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 | -$132,374 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,474,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $375,238 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,472 |
| Compensation of current officers, directors, key employees. | $26,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,170 |
| Payroll taxes | $32,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $535 |
| Fees for services: Accounting | $19,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,606 |
| Advertising and promotion | $0 |
| Office expenses | $42,423 |
| Information technology | $12,561 |
| Royalties | $0 |
| Occupancy | $42,978 |
| Travel | $10,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,543 |
| Insurance | $54,635 |
| All other expenses | $3,193 |
| Total functional expenses | $1,464,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,994 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $189,800 |
| Accounts receivable, net | $9,293 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $744,814 |
| Inventories for sale or use | $1,368,609 |
| Prepaid expenses and deferred charges | $51,720 |
| Net Land, buildings, and equipment | $7,213,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $66,722 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,327 |
| Total assets | $10,120,385 |
| Accounts payable and accrued expenses | $77,572 |
| Grants payable | $0 |
| Deferred revenue | $66,220 |
| 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 | $2,748,199 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $205,256 |
| Total liabilities | $3,097,247 |
| Net assets without donor restrictions | $6,876,438 |
| Net assets with donor restrictions | $146,700 |
| 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 | $10,120,385 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tenants To Homeowners Inc has recieved totaling $133,997.
| Awarding Organization | Amount |
|---|---|
United Way Of Douglas County Inc Lawrence, KS PURPOSE: FINANCIAL STABILITY | $115,725 |
Douglas County Community Foundation Lawrence, KS PURPOSE: GENERAL PURPOSE | $18,000 |
Commerce Foundation Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
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 |
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 |
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 |
Mother Marys Sober Home Inc Littleton, CO | $19,442 | $502,925 |
Mercy Bond Properties Colorado I Denver, CO | $2,483,916 | $591,327 |