Northampton United Methodist Housing Corporation
- Assets
- $1.5m
- Revenue
- $367.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 04/1998
- Data as of
- 06/2021
- EIN
- 54-1890440
Organization Overview
Northampton United Methodist Housing Corporation is located in Roanoke, VA. The organization was established in 1998. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northampton United Methodist Housing Corporation 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 06/2021, Northampton United Methodist Housing Corporation generated $367.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $371.5k during the year ending 06/2021. While expenses have increased by 1.1% 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
LOW-INCOME ELDERLY HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING FOR LOW-INCOME ELDERLY AND/OR HANDICAPPED PERSONS. THE APARTMENTS (46 UNITS) ARE SUBSIDIZED BY HUD SECTION 202 GRANT AND PROJECT RENTAL ASSISTANCE CONTRACT PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Ernest Herndon Jr Secretary | OfficerTrustee | 1 | $0 |
Larry Dickenson President | OfficerTrustee | 30 | $0 |
Dr James G O'quinn Vice President | OfficerTrustee | 1 | $0 |
W Randolph Spears Director | OfficerTrustee | 15 | $0 |
Monty Cox Director | Trustee | 1 | $0 |
David Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,815 |
| Investment income | $20 |
| 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 | $367,871 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,286 |
| Payroll taxes | $3,911 |
| Fees for services: Management | $68,989 |
| Fees for services: Legal | $8 |
| Fees for services: Accounting | $9,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,267 |
| Travel | $0 |
| 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 | $56,086 |
| Insurance | $42,504 |
| All other expenses | $0 |
| Total functional expenses | $371,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,704 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,394 |
| 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 | $8,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,804 |
| Total assets | $1,481,792 |
| Accounts payable and accrued expenses | $29,187 |
| Grants payable | $0 |
| Deferred revenue | $1,496 |
| 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 | $2,607,518 |
| Total liabilities | $2,638,201 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,156,409 |
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