True Ground Housing Partners is located in Arlington, VA. The organization was established in 1990. 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 12/2022, True Ground Housing Partners employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Ground Housing Partners 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 12/2022, True Ground Housing Partners generated $20.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $7.5m during the year ending 12/2022. While expenses have increased by 16.3% per year over the past 5 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 DEVELOP, PRESERVE, AND OWN QUALITY, AFFORDABLE PLACES TO LIVE;TO PROMOTE STABILITY AND OPPORTUNITY FOR OUR RESIDENTS; AND TO ADVOCATE WITH THE PEOPLE AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APAH PROVIDES 2009 UNITS TO LOW TO MODERATE INCOME HOUSING AND 148 MARKET RATE UNITS FOR FAMILIES AND INDIVIDUALS. APAH PROVIDES ITS LOW-INCOME HOUSEHOLDS WITH PROGRAMS AND SERVICES TO PROMOTE FINANCIAL STABILITY, HEALTH AND WELLNESS, EDUCATIONAL AND WORKFORCE SUCCESS, AND CIVIC ENGAGEMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alicia Plerhoples Director | Trustee | 1 | $0 |
Amit Kulkarni Director | Trustee | 1 | $0 |
Andy Vanhorn Director | Trustee | 1 | $0 |
Buzz Roberts Treasurer / Director | OfficerTrustee | 1 | $0 |
Carmen Romero President / Director / CEO | OfficerTrustee | 35 | $267,800 |
Jay Harris Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $16,263 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,192,987 |
All other contributions, gifts, grants, and similar amounts not included above | $4,804,502 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,013,752 |
Total Program Service Revenue | $12,221,271 |
Investment income | $339,197 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $564,293 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $20,138,513 |
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. | $586,800 |
Compensation of current officers, directors, key employees. | $43,624 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,434,042 |
Pension plan accruals and contributions | $180,167 |
Other employee benefits | $19,703 |
Payroll taxes | $301,382 |
Fees for services: Management | $51,831 |
Fees for services: Legal | $44,776 |
Fees for services: Accounting | $72,860 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $136,072 |
Advertising and promotion | $300 |
Office expenses | $158,933 |
Information technology | $197,167 |
Royalties | $0 |
Occupancy | $9,579 |
Travel | $26,866 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $211,989 |
Interest | $203,374 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $161,283 |
Insurance | $203,762 |
All other expenses | $367,544 |
Total functional expenses | $7,492,247 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $13,983,849 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $25,715,999 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $69,053,075 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $24,026 |
Net Land, buildings, and equipment | $30,932,322 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $7,643,898 |
Intangible assets | $0 |
Other assets | $16,725,478 |
Total assets | $164,078,647 |
Accounts payable and accrued expenses | $17,508,334 |
Grants payable | $0 |
Deferred revenue | $18,402,838 |
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 | $17,583,631 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,452,772 |
Total liabilities | $57,947,575 |
Net assets without donor restrictions | $105,089,696 |
Net assets with donor restrictions | $1,041,376 |
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 | $164,078,647 |