Homes In Partnership Inc
- Assets
- $10.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Eustis, FL
- Founding
- 09/1976
- Data as of
- 12/2023
- EIN
- 51-0188718
Organization Overview
Homes In Partnership Inc is located in Eustis, FL. 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 12/2023, Homes In Partnership Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes In Partnership 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, Homes In Partnership Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. 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
TO PROVIDE TECHNICAL ASSISTANCE TO VERY LOW TO MODERATE INCOME HOME BUYERS, THROUGH A SELF-HELP HOUSING INITIATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USDA RURAL HOUSING SECTION 523 GRANT PROVIDES ADMINISTRATIVE FUNDING THAT ENABLES OUR ORGANIZATION TO PROVIDE VERY LOW AND LOW INCOME FAMILIES AND INDIVIDUALS AFFORDABLE HOUSING THROUGH A SELF-HELP HOUSING INITIATIVE. FAMILIES ENROLLED IN OUR PROGRAM RECEIVE EXTENSIVE BUDGET AND CREDIT COUNSELING, HOMEBUYER EDUCATION AND FORECLOSURE PREVENTATION COUNSELING AND WORKSHOPS. ALL COUNSELING AND WORKSHOPS ARE FREE TO PARTICIPANTS. SUCCESSFUL PARTICIPANTS MUSST HAVE SUFFICIENT INCOME AND CREDIT SCORES TO OBTAIN MORTGAGE LOANS. PARTICIPANTS PROVIDE LABOR (SWEAT EQUITY) ON THIER HOMES TO LOWER COSRS TO MAKE MORTGAGES MORE AFFORDABLE. OUR EXPERIENCED STAFF PROVIDES EACH PARTICIPANT WITH TECHNICAL ASSISTANCE IN LOAN APPLICATIONS, LOAN PROCESSING, SUBCONTRACTOR COMPLIANCE, SUBCONTRACTOR SCHEDULING, COLOR SELECTIONS, PLANS AND ENGINEERING,, LOT SELECTIONS AND LABOR TRAINING TO COMPLETE TASKS ON THEIR HOMES. ALL GRANT INCOME FUNDS SUPPORT ADMINISTRATIVE FUNCTIONS IN CONNECTION WITH THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Goodwin Executive Di | Officer | 40 | $143,395 |
Mariela Garcia Dir. Of Cons | Officer | 40 | $114,247 |
Vernon Fuller President | OfficerTrustee | 2 | $0 |
John H Christian II Treasurer | OfficerTrustee | 2 | $0 |
Dori Madison Secretary | OfficerTrustee | 2 | $0 |
Carol A Johnson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cks Masonry Concrete Concrete/mason | 12/30/22 | $284,149 |
Ro-mac Lumber Supply Inc | 12/30/22 | $273,113 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,571,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $885,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,456,646 |
| Total Program Service Revenue | $2,308,938 |
| Investment income | $17,164 |
| 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 | $4,782,748 |
| 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. | $257,642 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,308,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,122 |
| Advertising and promotion | $0 |
| Office expenses | $14,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,764 |
| Travel | $29,584 |
| 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 | $90,339 |
| Insurance | $92,050 |
| All other expenses | $30,534 |
| Total functional expenses | $4,091,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,198,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $195,615 |
| Accounts receivable, net | $487,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $769,368 |
| Inventories for sale or use | $5,033,177 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,985,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,218 |
| Total assets | $10,699,433 |
| Accounts payable and accrued expenses | $178,818 |
| Grants payable | $0 |
| Deferred revenue | $55,152 |
| 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 | $536,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,570 |
| Total liabilities | $796,697 |
| Net assets without donor restrictions | $8,869,908 |
| Net assets with donor restrictions | $1,032,828 |
| 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 | $10,699,433 |