Housing Assistance Council
- Assets
- $66.2m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Washington, DC
- Founding
- 04/1974
- Data as of
- 09/2023
- EIN
- 52-0939288
Organization Overview
Housing Assistance Council is located in Washington, DC. The organization was established in 1974. 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 09/2023, Housing Assistance Council employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Assistance Council 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 09/2023, Housing Assistance Council generated $14.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $10.1m during the year ending 09/2023. While expenses have increased by 1.5% 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.
Since 2015, Housing Assistance Council has awarded 145 individual grants totaling $4,136,093. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HOUSING CONDITIONS FOR THE POOREST OF THE POOR IN THE MOST RURAL PLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING PROGRAM - FINANCES AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-INCOME, RURAL RESIDENTS AND ADMINISTERS SEVERAL REVOLVING LOAN FUNDS TO PROMOTE AFFORDABLE HOUSING.
POLICY - RESPONDS AS AN INDEPENDENT AND NON-PARTISAN ORGANIZATION TO CONGRESSIONAL COMMITTEES, MEMBER OFFICES, FEDERAL AGENCIES, AND POLICY ADVOCACY COALITION WITH THE RESEARCH AND INFORMATION NEEDED TO MAKE INFORMED POLICY DESCISION. THROUGH OUR RESEARCH WORK, RURAL DATA PORTAL, AND VETERANS DATA CENTRAL ALL PROVIDE VALUABLE, EDUCATIONAL CONTEXT TO FRAME THE RURAL POLICY CONVERSATION.
KNOWLEDGE SHARING- PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON RURAL HOUSING ISSUES TO VARIOUS COMMUNITY GROUPS THROUGHOUT THE U.S. THIS IS DONE THROUGH FORMAL TRAININGS, ONE-ON-ONE TECHNICAL ASSISTANCE AND CONNECTING LOCAL ORGANIZATIONS TO RESOURCES WHICH CAN BUILD THEIR CAPACITY AND STRENGTHEN THEIR COMMUNITY.
RESEARCH AND INFORMATION - CONDUCTS RESEARCH AND STUDIES AND REPORTS ON A WIDE RANGE OF TOPICS RELATED TO RURAL HOUSING RELATED TO THE HOUSING CONDITIONS OF THE RURAL POOR TO HELP INFORM SOUND HOUSING POLICIES AND STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Luisa Mercado Chair | OfficerTrustee | 1 | $0 |
Laura Buxbaum Vice Chair | OfficerTrustee | 1 | $0 |
Tom Manning-Beavin Treasurer | OfficerTrustee | 1 | $0 |
Gideon Anders Secretary | OfficerTrustee | 0.6 | $0 |
Peter Carey At-Large | OfficerTrustee | 1 | $0 |
Dave Castillo Director | Trustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Datavail Corporation Data Analytics | 9/29/23 | $157,400 |
Clifton Larson Allen Llp Accounting Services | 9/29/23 | $115,810 |
Marcum Llp Tax And Audit Services | 9/29/23 | $113,784 |
Eugene Gonzales Technical Assistance And Training | 9/29/23 | $101,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,476,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,420,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,896,947 |
| Total Program Service Revenue | $2,475,365 |
| Investment income | $710,676 |
| 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 | $14,098,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,424,838 |
| 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. | $691,904 |
| Compensation of current officers, directors, key employees. | $262,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,056,280 |
| Pension plan accruals and contributions | $115,624 |
| Other employee benefits | $517,645 |
| Payroll taxes | $281,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,343 |
| Fees for services: Accounting | $157,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,471,625 |
| Advertising and promotion | $0 |
| Office expenses | $59,073 |
| Information technology | $179,303 |
| Royalties | $0 |
| Occupancy | $149,314 |
| Travel | $212,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,783 |
| Interest | $457,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,127 |
| Insurance | $45,875 |
| All other expenses | $78,208 |
| Total functional expenses | $10,077,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,558,844 |
| Savings and temporary cash investments | $326,183 |
| Pledges and grants receivable | $569,238 |
| Accounts receivable, net | $603,523 |
| 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 | $177,206 |
| Net Land, buildings, and equipment | $230,455 |
| Investments—publicly traded securities | $20,675,348 |
| Investments—other securities | $0 |
| Investments—program-related | $39,555,896 |
| Intangible assets | $0 |
| Other assets | $481,026 |
| Total assets | $66,177,719 |
| Accounts payable and accrued expenses | $1,461,757 |
| Grants payable | $0 |
| Deferred revenue | $353,925 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,925 |
| Secured mortgages and notes payable | $9,408,862 |
| Unsecured mortgages and notes payable | $12,986,392 |
| Other liabilities | $0 |
| Total liabilities | $24,219,861 |
| Net assets without donor restrictions | $15,927,227 |
| Net assets with donor restrictions | $26,030,631 |
| 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 | $66,177,719 |
Grants Awarded
Over the last fiscal year, Housing Assistance Council has awarded $410,072 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
NEW FOUNDATIONS DEVELOPMENT INC PURPOSE: PROJECT DEVELOPMENT | $22,600 |
GOOD WORKS INC PURPOSE: PROJECT DEVELOPMENT | $26,978 |
BETHLEHEM FARM INC PURPOSE: PROJECT DEVELOPMENT | $6,000 |
NORTH EAST COMMUNITY ACTION CORPORATION PURPOSE: PROJECT DEVELOPMENT | $11,568 |
GROW SOUTH DAKOTA PURPOSE: PROJECT DEVELOPMENT | $30,000 |
CREATIVE COMPASSION INC PURPOSE: PROJECT DEVELOPMENT | $18,000 |