Housing Unlimited Inc
- Assets
- $15.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 31
- Location
- Silver Spring, MD
- Founding
- 02/1992
- Data as of
- 09/2022
- EIN
- 52-1760774
Organization Overview
Housing Unlimited Inc is located in Silver Spring, MD. The organization was established in 1992. 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 09/2022, Housing Unlimited Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Unlimited 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 09/2022, Housing Unlimited Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. While expenses have increased by 5.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADDRESS THE HOUSING CRISIS FOR ADULTS IN MENTAL HEALTH RECOVERY IN MONTGOMERY COUNTY, MD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL HOUSING - HOUSING UNLIMITED INC. PROVIDES AFFORDABLE PERMANENT HOUSING FOR PEOPLE IN MENTAL HEALTH RECOVERY IN MONTGOMERY COUNTY, MARYLAND. THE ORGANIZATION PURCHASES HOMES, PRIMARILY TOWNHOMES AND CONDOS, AND SERVES AS THE LANDLORD FOR ADULTS IN RECOVERY. INDEPENDENT, SAFE, PERMANENT, AND AFFORDABLE HOUSING IS AVAILABLE TO EXTREMELY LOW-INCOME ADULTS. TWO HUNDRED AND THIRTY (230) TENANTS ARE CURRENTLY LIVING IN HOUSING UNLIMITED'S 84 HOMES.STABLE HOUSING IS VITAL TO LONG TERM MENTAL HEALTH STABILITY AND RECOVERY. TENANTS AND STAFF WORK TOGETHER TO FOSTER HABITS AND LIFESTYLES THAT KEEP THEM HOUSED AND HEALTHY. TEAM MEMBERS VISIT TENANTS' HOMES EVERY WEEK TO ANSWER QUESTIONS, PROVIDE REQUESTED RESOURCES, AND TO CHECK THE PHYSICAL CONDITION OF PROPERTIES TO ENSURE THAT HOMES ARE WELL-MAINTAINED.THE HOUSING UNLIMITED TENANTS COUNCIL FOSTERS RECOVERY, PROMOTES COOPERATION, AND INDEPENDENCE, AND PROVIDES TENANTS AN OPPORTUNITY FOR A COLLECTIVE VOICE. TENANTS COUNCIL OFFICERS RECEIVE LEADERSHIP AND SKILLS TRAINING. IN ADDITION, HOUSING UNLIMITED, THROUGH PAID INTERNSHIPS, PROVIDES INTERESTED TENANTS WITH THE OPPORTUNITY TO ASSIST WITH PROPERTY MANAGEMENT, PUBLIC EDUCATION, AND ADMINISTRATIVE TASKS.
PUBLIC EDUCATION - THE ORGANIZATION'S BOARD OF DIRECTORS, STAFF AND INTERNS CONDUCTED 7 PROGRAMS WITH INDIVIDUALS AND COMMUNITY GROUPS ABOUT PSYCHIATRIC DISABILITY AND AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janis Smith President | OfficerTrustee | 2 | $0 |
Sheila Mason Henry Vice President | OfficerTrustee | 1 | $0 |
Timothy Kitt Secretary | OfficerTrustee | 1 | $0 |
Michael Smith Treasurer | OfficerTrustee | 1 | $0 |
Garth Bastian Director | Trustee | 1 | $0 |
Sunita Benson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $171,705 |
| Related organizations | $0 |
| Government grants | $806,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,314,064 |
| Total Program Service Revenue | $1,664,654 |
| Investment income | $421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12 |
| Net Income from Fundraising Events | -$12,376 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,966,775 |
| 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. | $182,399 |
| Compensation of current officers, directors, key employees. | $16,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $769,012 |
| Pension plan accruals and contributions | $41,464 |
| Other employee benefits | $58,566 |
| Payroll taxes | $68,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,859 |
| Advertising and promotion | $0 |
| Office expenses | $62,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $746,126 |
| Travel | $26,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $587,590 |
| Insurance | $0 |
| All other expenses | $25,541 |
| Total functional expenses | $2,827,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $744,912 |
| Savings and temporary cash investments | $1,554,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,640 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,153,463 |
| Investments—publicly traded securities | $63,372 |
| Investments—other securities | $0 |
| Investments—program-related | $178,784 |
| Intangible assets | $0 |
| Other assets | $149,326 |
| Total assets | $15,923,579 |
| Accounts payable and accrued expenses | $31,682 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $85,887 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,066,410 |
| Unsecured mortgages and notes payable | $442,400 |
| Other liabilities | $88,300 |
| Total liabilities | $5,714,679 |
| Net assets without donor restrictions | $10,208,900 |
| 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 | $15,923,579 |