Albemarle Housing Improvement Program Inc
- Assets
- $7.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Charlottesville, VA
- Founding
- 03/1997
- Data as of
- 06/2023
- EIN
- 54-1028220
Organization Overview
Albemarle Housing Improvement Program Inc is located in Charlottesville, VA. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Albemarle Housing Improvement Program Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albemarle Housing Improvement Program 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 06/2023, Albemarle Housing Improvement Program Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. 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
ALBEMARLE HOUSING IMPROVEMENT PROGRAM (AHIP) IS A NON-PROFIT, STATE LICENSED CLASS A CONTRACTOR WHO COMPLETES CRITICAL REPAIRS, ENERGY EFFICIENT UPGRADES, SAFETY AND ACCESSIBILITY MODIFICATIONS, AND COMPLETE HOME REHABS. OUR MISSION IS TO ENSURE SAFE AND AFFORDABLE HOMES FOR OUR NEIGHBORS IN NEED. SINCE 1976, WE HAVE SERVED MORE THAN 4,700 HOUSEHOLDS IN OUR COMMUNITY. NEARLY A TENTH OF CHARLOTTESVILLE AND ALBEMARLE HOMEOWNERS ARE SEVERELY COST BURDENED. THIS MEANS THAT CRITICAL REPAIRS INCLUDING HVAC, ROOFING, PLUMBING, ELECTRICAL, AND STRUCTURAL REPAIRS ARE BEYOND REACH. BY PROVIDING REPAIR SERVICES TO INCOME ELIGIBLE HOMEOWNERS, WE CAN PRESERVE THE HOUSES IN THE NEIGHBORHOODS THAT MAKE UP OUR VIBRANT COMMUNITY. HOME REPAIRS PRESERVE OUR CLIENTS GREATEST ASSET, THEIR HOME, AND HELPS BUILD GENERATIONAL WEALTH. HOUSING REPAIRS ALSO POSITIVELY AFFECT PHYSICAL AND MENTAL HEALTH AND ACCESSIBILITY MODIFICATIONS ENSURE THAT OUR SENIOR CLIENTS CAN AGE IN PLACE SAFELY AND WITH DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALBEMARLE HOUSING IMPROVEMENT PROGRAM (AHIP) PROVIDES CRITICAL HOME REPAIR FOR INCOME ELIGIBLE FAMILIES IN THE CHARLOTTESVILLE AND ALBEMARLE AREA. OUR ORGANIZATION IS A CLASS-A CONTRACTOR WITH FULL LEAD ABATEMENT CERTIFICATIONS. AHIP TAKES A MULTIFACETED APPROACH TO TACKLING HOUSING NEEDS BY CARRYING OUT EMERGENCY REPAIRS, COMPREHENSIVE HOME REHABILITATIONS, ENERGY-EFFICIENCY UPGRADES, AND SAFETY AND ACCESSIBILITY CONCERNS. OUR CRITICAL REPAIR PROGRAMS ADDRESS BASIC SAFETY AND HEALTH CONCERNS AT HOME: FAILING ROOFS, LACK OF HEAT, FAILED WELLS AND SEPTIC SYSTEMS, FAULTY PLUMBING, DANGEROUS ELECTRICAL SYSTEMS, UNSAFE STRUCTURES, PEELING PAINT, DILAPIDATED KITCHENS AND BATHROOMS, MOLD, HAZARDOUS STEPS, LACK OF INSULATION, AND BROKEN WINDOWS AND DOORS. TOGETHER WITH OUR DONORS, BUSINESS PARTNERS, VOLUNTEERS, AND ADVOCATES LAST YEAR, WE KEPT 183 PEOPLE SAFE AND SECURE BY IMPROVING 92 HOMES WITH 179 CRITICAL REPAIRS AND RETROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Waki Wynn President | OfficerTrustee | 1 | $0 |
Kristin Szakos Vice Preside | OfficerTrustee | 1 | $0 |
Margaret Anderson Treasurer | OfficerTrustee | 1 | $0 |
Fred Missel Member | Trustee | 1 | $0 |
James Brown Member | Trustee | 1 | $0 |
Rebecca Ivins Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridgeport Construction Construction | 6/29/20 | $104,435 |
Johnson Custom Windows & Doors Construction | 6/29/20 | $208,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,692,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,177,800 |
| Noncash contributions included in lines 1a–1f | $3,909 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,869,942 |
| Total Program Service Revenue | $62,670 |
| Investment income | $43,895 |
| 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 | $2,998,331 |
| 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. | $218,287 |
| Compensation of current officers, directors, key employees. | $15,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,364 |
| Pension plan accruals and contributions | $16,227 |
| Other employee benefits | $132,308 |
| Payroll taxes | $64,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,568 |
| Office expenses | $95,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,756 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,337 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,887 |
| Insurance | $27,114 |
| All other expenses | $26,441 |
| Total functional expenses | $1,965,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604 |
| Savings and temporary cash investments | $6,647,430 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $92,677 |
| 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 | $19,742 |
| Net Land, buildings, and equipment | $304,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,067,130 |
| Accounts payable and accrued expenses | $92,020 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $1,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $193,220 |
| Net assets without donor restrictions | $6,385,678 |
| Net assets with donor restrictions | $488,232 |
| 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 | $7,067,130 |