Interfaith Housing Alliance Inc
- Assets
- $3.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Frederick, MD
- Founding
- 04/1991
- Data as of
- 06/2021
- EIN
- 52-1708782
Organization Overview
Interfaith Housing Alliance Inc is located in Frederick, MD. 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 06/2021, Interfaith Housing Alliance Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Housing Alliance 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 06/2021, Interfaith Housing Alliance Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. 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
TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME TO MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IHA HAS COMPLETED OVER 1,300 HOUSING UNITS AND HAS ALSO ASSISTED OTHER COMMUNITY ORGANIZATIONS IN ADDRESSING HOUSING ISSUES FOR SPECIAL NEEDS POPULATIONS. IHA'S BASIC STRATEGY HAS BEEN TO DEVELOP PROJECTS IN COLLABORATION WITH LOCAL GOVERNMENTS, SOCIAL SERVICE AGENCIES, AND THE BUSINESS AND FAITH COMMUNITIES. BECAUSE OF THESE RELATIONSHIPS, IHA HAS DEVELOPED A SUCCESSFUL MODEL FOR COMMUNITY DEVELOPMENT BY SERVING AS A CATALYST IN ASSEMBLING LAND, FINANCIAL AND TECHNICAL RESOURCES. THE HOUSING DEVELOPED BY THE ORGANIZATION HAS CLEAR ECONOMIC DEVELOPMENT BENEFITS THROUGH THE CREATION OF JOBS FOR ITS PROJECTS, AND BY SUPPORTING PROGRAM PARTICIPANTS TO BECOME ACTIVE CONTRIBUTORS TO THE COMMUNITIES IN WHICH THEY RESIDE. IHA PROVIDES ACCESS TO FINANCIAL WELL-BEING AND HOUSING STABILITY PROGRAMS THAT ASSIST HOMEBUYERS WITH EACH STEP IN THE BUYING PROCESS AND PROVIDES SUPPORTIVE SERVICES FOR RESIDENTS IN MANAGED AFFORDABLE HOUSING COMMUNITIES TO INCREASE THEIR ACCESS TO PHYSICAL, SOCIAL, MENTAL AND FINANCIAL WELL-BEING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodie Ostoich President/ceo | Officer | 40 | $121,223 |
Vickie Major Director Of Finance And Asset Management | Officer | 40 | $72,781 |
Mark Long Vice Chairman | OfficerTrustee | 2 | $0 |
Jeff Dunn Treasurer | OfficerTrustee | 2 | $0 |
Veronica Henry Chairman | OfficerTrustee | 2 | $0 |
Tammy Edwards Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $569,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,722 |
| Total Program Service Revenue | $561,300 |
| Investment income | $21,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,419,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,430 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,517 |
| Compensation of current officers, directors, key employees. | $11,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $531,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,133 |
| Payroll taxes | $72,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,511 |
| Fees for services: Accounting | $31,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,569 |
| Advertising and promotion | $4,787 |
| Office expenses | $21,711 |
| Information technology | $27,303 |
| Royalties | $0 |
| Occupancy | $156,799 |
| Travel | $6,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,184 |
| Insurance | $55,413 |
| All other expenses | $20,633 |
| Total functional expenses | $1,492,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,226 |
| Savings and temporary cash investments | $240,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $584,595 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,017 |
| Net Land, buildings, and equipment | $983,482 |
| Investments—publicly traded securities | $856,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,074 |
| Other assets | $84,720 |
| Total assets | $3,190,413 |
| Accounts payable and accrued expenses | $24,482 |
| Grants payable | $0 |
| Deferred revenue | $2,827 |
| 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 | $2,892,282 |
| Unsecured mortgages and notes payable | $210,700 |
| Other liabilities | $208,570 |
| Total liabilities | $3,338,861 |
| Net assets without donor restrictions | -$148,448 |
| Net assets with donor restrictions | $0 |
| 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 | $3,190,413 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Interfaith Housing Alliance Inc has recieved totaling $76,643.
| Awarding Organization | Amount |
|---|---|
The Ausherman Family Trust Frederick, MD PURPOSE: OPERATIONS SUPPORT | $30,000 |
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO FUND REHABILITATION OF WEINBERG HOUSE | $25,000 |
Delaplaine Foundation Inc Frederick, MD PURPOSE: UNRESTRICED GRANT | $20,000 |
Helen J Serini Foundation Inc Reisterstown, MD PURPOSE: PROJECT-SPECIFIC/CAPACITY BUILDING SUPPORT TO ENHANCE DIVERSITY, EQUITY, AND INCLUSION (DEI) AT INTERFAITH HOUSING ALLIANCE VIA A STAFF TRAINING ON UNCONSCIOUS BIAS AND UPDATES TO THE EMPLOYEE HANDBOOK. | $1,638 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $697,192 |
| Earnings | $167,044 |
| Admin Expense | $7,775 |
| Ending Balance | $856,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |