Housing & Community Initiatives Inc
- Assets
- $333.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 52-1247326
Organization Overview
Housing & Community Initiatives Inc is located in Gaithersburg, MD. The organization was established in 1982. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing & Community Initiatives 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 06/2022, Housing & Community Initiatives Inc generated $64.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $83.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION PROVIDES INFORMATION AND FUNDS TO FACILITATE INCREASED LEVELS OF HOME OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Cheney Director | 4 | $0 | |
Curvator Armstrong Director | 4 | $0 | |
Tina Cavallaro President | 4 | $0 | |
Trish Broderick Vice Preside | 4 | $0 | |
Drew Lowe Secretary | 4 | $0 | |
Jean Jacques Ellong Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $64,851 |
| Membership dues | $0 |
| Investment income | $55 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,906 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,507 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $20,952 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,811 |
| Total expenses | $82,970 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $290,125 |
| Other assets | $0 |
| Total assets | $333,890 |
| Total liabilities | $0 |
| Net assets or fund balances | $333,890 |