Southern Coalition For Housing Opportunities
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 42
- Location
- Austin, TX
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 54-1947550
Organization Overview
Southern Coalition For Housing Opportunities is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Southern Coalition For Housing Opportunities employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Coalition For Housing Opportunities 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, Southern Coalition For Housing Opportunities generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY AS A CHARITABLE ORGANIZATION TO ACQUIRE AND OPERATE A 24 BED ALZHEIMER FACILITY AND PROVIDE OTHER IN-HOME SERVICES TO ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
24 BED FACILITY FOR ALZHEIMERS PATIENTS
IN-HOME CARE SERVICES TO ADULTS, PRIMARILY SENIORS, INCLUDING THOSE WITH ALZHEIMER'S DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Trevey Secretary | OfficerTrustee | 20 | $44,231 |
John Trevey President/treasurer/director | OfficerTrustee | 20 | $0 |
Dr Fred Schmitt Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,085,251 |
| Investment income | $3,731 |
| 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 | $1,088,982 |
| 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. | $44,231 |
| Compensation of current officers, directors, key employees. | $44,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $847,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,781 |
| Payroll taxes | $70,122 |
| Fees for services: Management | $65,739 |
| Fees for services: Legal | $5,876 |
| Fees for services: Accounting | $34,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65,996 |
| Office expenses | $11,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,902 |
| Travel | $26,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,040 |
| Insurance | $53,381 |
| All other expenses | $7,540 |
| Total functional expenses | $1,726,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,451 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $65,910 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,278 |
| Net Land, buildings, and equipment | $903,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,975 |
| Other assets | $1,260 |
| Total assets | $1,229,618 |
| Accounts payable and accrued expenses | $53,711 |
| 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 | $2,855,318 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $6,844 |
| Total liabilities | $3,015,873 |
| Net assets without donor restrictions | -$1,786,255 |
| 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 | $1,229,618 |
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