Upper Room Housing Corporation
- Assets
- $2.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 02/1984
- Data as of
- 12/2023
- EIN
- 52-1300286
Organization Overview
Upper Room Housing Corporation is located in Washington, DC. The organization was established in 1984. 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, Upper Room Housing Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Room Housing Corporation 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, Upper Room Housing Corporation generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING FOR ELDERLY & HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING (96 APARTMENT UNITS) TO PERSONS UNDER SECTION 8 AND 202 OF THE NATIONAL HOUSING ACT FOR THE ELDERLY AND HANDICAPPED PERSONS WITH LOW INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Willie B Allen Jr Director | Trustee | 1 | $0 |
Rev Vincent E Allen Director | Trustee | 1 | $0 |
David Johnson Director | Trustee | 1 | $0 |
Joanne Purvis Treasurer | OfficerTrustee | 1 | $0 |
Betty Isome Director & Chaplain | Trustee | 1 | $0 |
John D Mcmillan President/ceo | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,328,982 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,328,982 |
| Total Program Service Revenue | $380,481 |
| Investment income | $129 |
| 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 | $1,713,620 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $251,971 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,676 |
| Payroll taxes | $25,284 |
| Fees for services: Management | $72,132 |
| Fees for services: Legal | $5,916 |
| Fees for services: Accounting | $17,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,153 |
| Office expenses | $62,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $160,666 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $238,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,826 |
| Insurance | $106,905 |
| All other expenses | $43,569 |
| Total functional expenses | $1,619,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,610 |
| 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 | $81,103 |
| Net Land, buildings, and equipment | $2,449,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,966 |
| Other assets | $218,141 |
| Total assets | $2,891,900 |
| Accounts payable and accrued expenses | $113,073 |
| Grants payable | $0 |
| Deferred revenue | $4,084 |
| 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 | $6,028,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $257,392 |
| Total liabilities | $6,403,526 |
| Net assets without donor restrictions | -$3,522,260 |
| Net assets with donor restrictions | $10,634 |
| 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 | $2,891,900 |