Jubilee Housing Inc is located in Washington, DC. The organization was established in 1974. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Jubilee Housing Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jubilee Housing 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 12/2021, Jubilee Housing Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 4.0% 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
JUBILEE HOUSING'S MISSION IS TO BUILD DIVERSE, COMPASSIONATE COMMUNITIES THAT CREATE OPPORTUNITIES FOR EVERYONE TO THRIVE. JUBILEE HOUSING DELIVERS JUSTICE THROUGH HOUSING + SERVICES, OR JUSTICE HOUSING- DEEPLY AFFORDABLE HOUSING, IN THRIVING NEIGHBORHOODS, WITH SUPPORTIVE SERVICES PROVIDED ONSITE AND WITHIN WALKING DISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGH QUALITY, SAFE, AFFORDABLE HOUSING FOR 552 RESIDENTS THE ORGANIZATION CURRENTLY OPERATES 299 DEEPLY AFFORDABLE HOMES FOR MORE THAN 500 RESIDENTS IN TEN PROPERTIES IN THE ADAMS MORGAN, COLUMBIA HEIGHTS AND MOUNT PLEASANT NEIGHBORHOODS LOCATED IN WARD 1 OF WASHINGTON, DC. FOR JUBILEE, DEEPLY AFFORDABLE HOUSING INVOLVES RESERVING 2/3 OF OUR UNITS FOR HOUSEHOLDS EARNING 30% OR LESS THAN AREA MEDIA INCOME (AMI), AND 1/3 FOR HOUSEHOLDS EARNING 60% OR LESS THAN AMI.
SUPPORTED 752 WITH FAMILY AND YOUTH SERVICES (VIRTUAL AND IN PERSON) WE EXPANDED RESIDENT AND FAMILY SERVICES THROUGH A RENEWED FOCUS ON WRAP AROUND SERVICES BASED IN IN MASLOW'S HIERARCHY OF NEEDS. WE SERVED PHYSIOLOGICAL NEEDS BY ADDING FREE BREAD DISTRIBUTION, AN ONSITE FOOD BANK AND BIMONTHLY FRESH FOOD BOX DELIVERIES FOR SENIORS, A COAT DRIVE AND DISTRIBUTION, AND A THANKSGIVING MEAL. WE ADDRESSED SAFETY NEEDS BY INFUSING INDIVIDUALIZED STABILIZATION SERVICES SUCH AS RESOURCE NAVIGATION FOR FINANCIAL, EMPLOYMENT, AND HOUSING SECURITY; ONSITE VACCINATION CLINICS; AND WEEKDAY WALK-IN HOURS FOR RESIDENTS. WE SUPPORTED SOCIAL NEEDS BY RESURRECTING SERVICES FOR MONTHLY SENIOR WORKSHOPS AND CHECK-INS, CREATING A JUBILEE PARENT CLUB, OFFERING SUPPORT MEETINGS AND GOAL PLANS FOR PARENTS WHOSE CHILDREN ATTEND OUR AFTERSCHOOL PROGRAMING, AND HOSTING COMMUNITY WIDE SOCIAL EVENTS. AT THE TEEN CENTER, WE ADDED STAFF TO OUR TEAM, INCREASED PARTNERS, INCREASED ATTENDANCE, AND BUILT STRONGER PROGRAMMING RELATED TO CAREER, COLLEGE, AND ENTREPRENEURSHIP PATHWAYS. YOUTH SERVICES' YEAR BEGAN WITH HYBRID VIRTUAL AND IN-PERSON LEARNING, INCLUDING OUR SUMMER CAMP. DESIGNING SAFE, SUPPORTIVE HYBRID PROGRAMS WAS A HEAVY LIFT, BUT IT PREPARED US FOR OUR NEXT MAJOR STEP: RETURNING FULLY IN PERSON. OUR TEAM CREATED EFFECTIVE COVID-19 PROTOCOLS, CONNECTED WITH STUDENTS TO HELP THEM RETURN, AND COLLABORATED WITH COMMUNITY PARTNERS TO SHARE RESOURCES. WE INCORPORATED HIGH IMPACT ONE-ON-ONE TUTORING, UTILIZED TAILORED TOOLS TO FOSTER A LOVE OF LEARNING, AND ASSESSED PROGRESS AND INTEREST. WE ALSO MET WITH FAMILIES THROUGH OUR WRAPAROUND SERVICES TO SET ACADEMIC GOALS, DETERMINE RESOURCE NEEDS, AND PROVIDE REFERRALS. 32 STUDENTS PARTICIPATED IN OUR AFTER SCHOOL PROGRAM AND 36 PARTICIPATED IN OUR SUMMER CAMP. (NEED TO CHECK THESE NUMBERS B/C DON'T THINK THEY INCLUDE THE TEEN CENTER)
IN 2021, THE REENTRY TRANSITIONAL HOUSING AND SUPPORTIVE SERVICES PROGRAM WAS FOCUSED ON BUILDING CAPACITY INTERNALLY AND EXTERNALLY THROUGH CONTINUOUS COLLABORATION WITH THE BUREAU OF PRISONS, DC CORRECTIONAL FACILITIES, THE READY CENTER, BEHAVIORAL HEALTH PROVIDERS, TREATMENT FACILITIES, AND LOCAL SHELTERS. 32 RETURNING CITIZENS WERE SUPPORTED THROUGH JUBILEE HOUSING'S REENTRY TRANSITIONAL HOUSING PROGRAM. EXPANDING OUR COMMITMENT TO FINANCIAL EMPOWERMENT, WE PARTNERED WITH THE DC CREDIT UNION TO IMPLEMENT THE REENTRY FINANCIAL CAPABILITIES PROGRAM AND EDUCATE RESIDENTS ON FINANCIAL WELLNESS. REENTRY STAFF ALSO ASSISTED 12 RESIDENTS WITH DC CARES APPLICATIONS TO ENSURE THEY WOULD RECEIVE A 1,000 PAYMENT FOR THOSE RELEASED FROM INCARCERATION DURING THE PANDEMIC. MOST CRITICALLY, REENTRY RESUMED IN-PERSON MEETINGS WITH RESIDENTS TO ENHANCE RAPPORT AND PROFESSIONAL RELATIONSHIPS.
FINANCING ACQUISITIONS AND DEVELOPMENT OF AFFORDABLE HOUSING JUBILEE MANAGES THREE DIFFERENT AFFORDABLE HOUSING FINANCING TOOLS VIA AFFILIATED ORGANIZATIONS THAT ASSIST WITH ACQUISITION AND DEVELOPMENT COSTS OF ITS PROJECTS. THE JUBILEE MANNA CDE PROVIDED NEW MARKETS TAX CREDITS FOR THE RECENTLY COMPLETED MAYCROFT PROPERTY ALONGSIDE THE JUSTICE HOUSING PARTNERS AND JUSTICE HOUSING CMF SPE FUNDS, WHICH HAVE ENABLED JUBILEE HOUSING TO EXPAND OUR PROPERTY FOOTPRINT BY 30%.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dorothy Larimer VP Of Proper | Officer | 40 | $119,504 |
William Highsmith COO | Officer | 40 | $113,376 |
James D Knight President | OfficerTrustee | 40 | $108,189 |
Patricia Mathews Vice Chair | OfficerTrustee | 1 | $0 |
Alex Orfinger Chair | OfficerTrustee | 1 | $0 |
Clint Mann Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $2,108 |
Membership dues | $0 |
Fundraising events | $3,360 |
Related organizations | $0 |
Government grants | $701,685 |
All other contributions, gifts, grants, and similar amounts not included above | $1,289,504 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,996,657 |
Total Program Service Revenue | $1,310,458 |
Investment income | $416,116 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $615,687 |
Net Gain/Loss on Asset Sales | -$238 |
Net Income from Fundraising Events | $8,279 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,811,871 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $36,747 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $108,190 |
Compensation of current officers, directors, key employees. | $24,343 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,392,429 |
Pension plan accruals and contributions | $46,511 |
Other employee benefits | $523,860 |
Payroll taxes | $227,428 |
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 | $0 |
Advertising and promotion | $25,933 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $126,118 |
Travel | $7,554 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $481,920 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $297,526 |
Insurance | $0 |
All other expenses | $402,317 |
Total functional expenses | $5,906,400 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,660,082 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,282,466 |
Accounts receivable, net | $939,846 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $8,729,668 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $135,547 |
Net Land, buildings, and equipment | $59,204,617 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,840,855 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,547,486 |
Total assets | $81,340,567 |
Accounts payable and accrued expenses | $2,133,294 |
Grants payable | $0 |
Deferred revenue | $902,668 |
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 | $54,041,059 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,534,567 |
Total liabilities | $60,611,588 |
Net assets without donor restrictions | $19,950,017 |
Net assets with donor restrictions | $778,962 |
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 | $81,340,567 |
Over the last fiscal year, we have identified 17 grants that Jubilee Housing Inc has recieved totaling $706,912.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $295,800 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $75,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $60,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $40,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $40,000 |
The Morningstar Philanthropic Foundation Bethesda, MD PURPOSE: GENERAL CHARITABLE PURPOSES | $40,000 |
Organization Name | Assets | Revenue |
---|---|---|
Dogwood Housing Inc North Bethesda, MD | $86,669,090 | $22,202,788 |
Abraham And Laura Lisner Home For Aged Women Washington, DC | $22,620,580 | $13,905,589 |
National Low Income Housing Coalition And Low Income Housing Washington, DC | $13,467,381 | $12,702,610 |
National Foundation For Affordable Housing Solutions Inc North Bethesda, MD | $263,616,606 | $53,198,670 |
Magnolia Housing Inc North Bethesda, MD | $6,233,975 | $1,178,678 |
Prologue Inc Baltimore, MD | $8,569,201 | $6,794,698 |
Jubilee Housing Inc Washington, DC | $81,340,567 | $5,811,871 |
Mason Housing Inc Fairfax, VA | $24,839,248 | $3,905,662 |
The House Inc Woodbridge, VA | $1,787,552 | $4,341,712 |
Skyline Cap Inc Madison, VA | $2,055,888 | $2,989,261 |
National Breast Cancer Coalition Fund Washington, DC | $4,829,949 | $4,285,005 |
Williams Home Incorporated Lynchburg, VA | $28,337,965 | -$2,240,201 |