Housing Connections Inc
- Assets
- $683.9k
- Revenue
- $554.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Pearisburg, VA
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 54-1417961
Organization Overview
Housing Connections Inc is located in Pearisburg, VA. The organization was established in 2000. 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 06/2022, Housing Connections Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Connections 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 06/2022, Housing Connections Inc generated $554.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $384.5k during the year ending 06/2022. While expenses have increased by 4.6% 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 ADMINISTER HOUSING ASSISTANCE PROGRAMS FOR LOW AND MODERATE INCOME PERSONS WHO ARE ELIGIBLE FOR RENTAL ASSISTANCE UNDER FEDERAL GUIDELINES AS MANDATED BY HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP LOW INCOME INDIVIDUALS AND FAMILIES RENT HOUSING THAT IS CONSIDERED SAFE, DECENT, SANITARY, AND AFFORDABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Rader Treasurer/se | OfficerTrustee | 40 | $55,447 |
Jim Drader President | OfficerTrustee | 0.5 | $0 |
Janet Brennend Director | Trustee | 0.5 | $0 |
Casey Edmonds Director | Trustee | 0.5 | $0 |
Kim Thurlow Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $183,741 |
| 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 | $183,741 |
| Total Program Service Revenue | $367,124 |
| Investment income | $3,210 |
| 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 | $554,075 |
| 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. | $57,758 |
| Compensation of current officers, directors, key employees. | $5,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,805 |
| Payroll taxes | $17,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $363 |
| Fees for services: Accounting | $5,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,661 |
| Office expenses | $7,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,956 |
| Travel | $1,384 |
| 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 | $167 |
| Insurance | $3,263 |
| All other expenses | $0 |
| Total functional expenses | $384,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,901 |
| Savings and temporary cash investments | $157,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,415 |
| Total assets | $683,883 |
| Accounts payable and accrued expenses | $1,221 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,221 |
| Net assets without donor restrictions | $682,662 |
| 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 | $683,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Collaborative Charlotte, NC | $3,657,105 | $83,275,604 |
Housing Counseling Services Inc Washington, DC | $4,430,833 | $16,498,572 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Comprehensive Housing Assistance Inc Baltimore, MD | $35,424,449 | $4,587,920 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |
Neighborhood Capital Corporation Silver Spring, MD | $106,804,353 | $10,287,510 |