Transitional Housing Corporation
- Assets
- $10.6m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 115
- Location
- Washington, DC
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 52-1675958
Organization Overview
Transitional Housing Corporation, operating under the name Housing Up, is located in Washington, DC. The organization was established in 1991. 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 12/2022, Housing Up employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Up 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 12/2022, Housing Up generated $11.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $11.7m during the year ending 12/2022. While expenses have increased by 11.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING TRANSITIONAL AND SUPPORTIVE HOUSING WITH SERVICES TO HOMELESS AND LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT SERVICES - HOUSING UP'S RESIDENTS SERVICES PROGRAM INCREASES THE INDEPENDENCE, STABILITY AND HEALTH OF AFFORDABLE HOUSING RESIDENTS. 150 HOUSEHOLDS RECEIVE THESE SERVICES YEAR-ROUND.HOUSING UP'S PERMANENT SUPPORTIVE HOUSING PROGRAM (PSH) PROVIDES AFFORDABLE HOUSING WITH APPROPRIATE WRAPAROUND SUPPORTIVE SERVICES TO FAMILIES THAT ARE EXITING CHRONIC HOMELESSNESS. HEAD OF HOUSEHOLDS PAY 30% OF THEIR TOTAL HOUSEHOLD INCOME TOWARDS MONTHLY RENT AND THE REMAINING RENTAL AMOUNT IS SUBSIDIZED THROUGH VARIOUS SOURCES INCLUDING DISTRICT OF COLUMBIA HOUSING AUTHORITY, DC DEPARTMENT OF HUMAN SERVICES AND THE HUD CONTINUUM OF CARE PROGRAM.HOUSING UP ALSO PROVIDES HOUSING AND SUPPORTIVE SERVICES THROUGH THE HUD CONTINUUM OF CARE PROGRAM FOR FAMILIES EXITING HOMELESSNESS, INCLUDING PERMANENT SUPPORTIVE HOUSING AND RAPID RE-HOUSING.IN 2022, HOUSING UP SERVED A TOTAL OF 897 HOUSEHOLDS THROUGH RESIDENT SERVICES, PERMANENT SUPPORTIVE HOUSING, TRANSITIONAL HOUSING AND RAPID RE-HOUSING.
BUILDING OPERATIONS - HOUSING UP OWNS OR OPERATES 423 UNITS OF AFFORDABLE HOUSING FOR FAMILIES IN OUR PROGRAMS WHICH CONSIST OF UNITS FOR PERMANENT SUPPORTIVE HOUSING, TRANSITIONAL HOUSING AND BELOW MARKET-RENT HOUSING WITH RESIDENT SERVICES.HOUSING UP'S RAPID RE-HOUSING PROGRAM QUICKLY MOVES FAMILIES WHO ARE EXPERIENCING HOMELESSNESS INTO PERMANENT HOUSING WITH LEASES IN THEIR OWN NAMES. ONCE FAMILIES ARE STABLY HOUSED, WE PROVIDE SHORT-TERM (UP TO 12 MONTHS) RENTAL ASSISTANCE AND CASE MANAGEMENT SUPPORT TO ASSIST FAMILIES IN GETTING BACK ON THEIR FEET AND REGAINING ECONOMIC SELF-SUFFICIENCY.
THROUGH ITS AFFILIATE, THC AFFORDABLE HOUSING, HOUSING UP DEVELOPS AFFORDABLE HOUSING FOR VERY LOW-, LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN WASHINGTON, DC. DEVELOPMENT PROJECTS INCLUDE RENOVATION, NEW CONSTRUCTION AND PRESERVATION. RESIDENT SERVICES ARE PROVIDED AT THESE DEVELOPMENTS TO STRENGTHEN RESIDENTS' FINANCIAL INDEPENDENCE, HEALTH AND HOUSING SECURITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Jordan Chair | OfficerTrustee | 1 | $0 |
Paula Singleton Vice Chair | OfficerTrustee | 1 | $0 |
Wayne Tyler Treasurer | OfficerTrustee | 1 | $0 |
Earle O'donnell Secretary | OfficerTrustee | 1 | $0 |
Joe Howell Chair Emeritus | Trustee | 1 | $0 |
Annika Brink Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calibre Cpa Group Accounting Services | 12/30/22 | $164,865 |
Winston Gonzalez Accounting Services | 12/30/22 | $117,508 |
Wayne Place Three Partners Llc Rental Housing | 12/30/22 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $83,100 |
| Related organizations | $0 |
| Government grants | $10,012,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $888,923 |
| Noncash contributions included in lines 1a–1f | $112,325 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,984,739 |
| Total Program Service Revenue | $671,739 |
| Investment income | $92,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$46,903 |
| Net Income from Fundraising Events | -$21,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,681,180 |
| 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. | $599,760 |
| Compensation of current officers, directors, key employees. | $93,531 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,867,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $677,736 |
| Payroll taxes | $507,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,328 |
| Fees for services: Accounting | $312,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $720,155 |
| Advertising and promotion | $0 |
| Office expenses | $195,847 |
| Information technology | $72,351 |
| Royalties | $0 |
| Occupancy | $2,976,473 |
| Travel | $97,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,939 |
| Insurance | $66,102 |
| All other expenses | $0 |
| Total functional expenses | $11,656,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,440 |
| Savings and temporary cash investments | $17,536 |
| Pledges and grants receivable | $2,153,137 |
| Accounts receivable, net | $67,561 |
| 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 | $283,297 |
| Net Land, buildings, and equipment | $3,524,805 |
| Investments—publicly traded securities | $2,774,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,499,815 |
| Total assets | $10,571,831 |
| Accounts payable and accrued expenses | $702,690 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,385 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,662,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,354 |
| Total liabilities | $3,444,690 |
| Net assets without donor restrictions | $6,994,240 |
| Net assets with donor restrictions | $132,901 |
| 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 | $10,571,831 |