Better Housing Coalition
- Assets
- $28.8m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 97
- Location
- Richmond, VA
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 54-1479059
Organization Overview
Better Housing Coalition is located in Richmond, VA. The organization was established in 1988. 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 12/2021, Better Housing Coalition employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Housing Coalition 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 12/2021, Better Housing Coalition generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 1.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AFFORDABLE HOUSING COMMUNITIES IN THE RICHMOND, VIRGINIA METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND/OR RENOVATION FOR AFFORDABLE HOUSING AND ASSISTANCE OF COMMUNITY HOUSING ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greta Harris President & CEO | Officer | 40 | $272,356 |
Julie Hovermale Vice President & CFO | Officer | 40 | $167,740 |
Monique Johnson Vice President & COO | Officer | 40 | $126,576 |
Matt Scaparro Vice President Of Property Man | 40 | $121,816 | |
Marilynn Mcateer Vice President | 40 | $103,135 | |
Stacy Birchett VP Of Resource Develop. | 40 | $102,164 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Land Care Pros Inc Landscape & Maintenance | 12/30/17 | $228,952 |
Pope Carpet & Floor Center Llc Repairs & Maintenance | 12/30/17 | $150,683 |
Hd Supply Facilities Maintenance Ltd Repairs & Operations | 12/30/17 | $145,764 |
New Market Waste Solutions Llc Waste Removal | 12/30/17 | $145,641 |
Boothe Enterprises Llc Repairs & Maintenance | 12/30/17 | $110,209 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,786 |
| Related organizations | $1,489,164 |
| Government grants | $893,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,788,030 |
| Noncash contributions included in lines 1a–1f | $111,137 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,208,447 |
| Total Program Service Revenue | $232,911 |
| Investment income | $43,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,750,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $799,691 |
| Grants and other assistance to domestic individuals. | $5,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $643,605 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,325,475 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $118,975 |
| Other employee benefits | $109,854 |
| Payroll taxes | $127,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,051 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $388,215 |
| Advertising and promotion | $37,776 |
| Office expenses | $39,185 |
| Information technology | $13,641 |
| Royalties | $0 |
| Occupancy | $179,779 |
| Travel | $1,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,625 |
| Insurance | $15,645 |
| All other expenses | $0 |
| Total functional expenses | $3,887,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,957,212 |
| Savings and temporary cash investments | $981,333 |
| Pledges and grants receivable | $59,123 |
| Accounts receivable, net | $147,739 |
| 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 | $19,135 |
| Net Land, buildings, and equipment | $730,980 |
| Investments—publicly traded securities | $206,227 |
| Investments—other securities | $0 |
| Investments—program-related | $737,157 |
| Intangible assets | $0 |
| Other assets | $20,962,906 |
| Total assets | $28,801,812 |
| Accounts payable and accrued expenses | $38,275 |
| Grants payable | $0 |
| Deferred revenue | $73,278 |
| 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 | $5,226,334 |
| Other liabilities | $0 |
| Total liabilities | $5,337,887 |
| Net assets without donor restrictions | $19,213,571 |
| Net assets with donor restrictions | $4,250,354 |
| 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 | $28,801,812 |
Grants Awarded
Over the last fiscal year, Better Housing Coalition has awarded $724,276 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: SEE PART IV | $544,859 |
PINEAPPLE ACQUISTION LLC PURPOSE: SEE PART IV | $150,000 |
4101 NORTH AVENUE II LLC PURPOSE: SEE PART IV | $14,796 |
4101 NORTH AVENUE LLC PURPOSE: SEE PART IV | $14,621 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Better Housing Coalition has recieved totaling $1,810,104.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $1,510,510 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $80,000 |
Annabella R Jenkins Foundation Richmond, VA PURPOSE: PROJECT SUPPORT: SENIOR HEALTH & WELLNESS PROGRAM | $50,000 |
The Pauley Family Foundation Richmond, VA PURPOSE: ANNUAL SUPPORT | $50,000 |
Quincy Cole Tr Uw Dallas, TX PURPOSE: SENIOR HEALTH & WELLNESS | $40,000 |
United Way Of Greater Richmond Richmond, VA PURPOSE: DONOR DIRECT FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
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 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |