People Incorporated Housing Group
- Assets
- $23.8m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Abingdon, VA
- Founding
- 06/2003
- Data as of
- 06/2022
- EIN
- 54-2073839
Organization Overview
People Incorporated Housing Group is located in Abingdon, VA. The organization was established in 2003. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. People Incorporated Housing Group 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, People Incorporated Housing Group generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $11.1m during the year ending 06/2022. While expenses have increased by 47.5% per year over the past 6 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 PROVIDE QUALITY HOUSING THROUGH CONSTRUCTION OR PURCHASE OF PROPERTIES TO LOW INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AFFORDABLE COMMUNITY HOUSING DEVELOPMENT AND IMPROVMENTS FOR LOW TO MODERATE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mccracken Chair | OfficerTrustee | $0 | |
Billy Taylor Vice Chair | OfficerTrustee | $0 | |
Tony Hooper Driector | Trustee | $0 | |
Phil Mccall Treasurer | Trustee | $0 | |
John Ayers Director | Trustee | $0 | |
Walter Mahala Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,258,782 |
| 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 | $1,258,782 |
| Total Program Service Revenue | $11,933,259 |
| Investment income | $0 |
| 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 | $13,192,041 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,361 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,945 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $9,098 |
| Total functional expenses | $11,143,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,016,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,773,551 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $560,275 |
| Net Land, buildings, and equipment | $3,984,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,265,749 |
| Total assets | $23,796,045 |
| Accounts payable and accrued expenses | $1,643,604 |
| 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 | $1,828,012 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,144,383 |
| Total liabilities | $6,615,999 |
| Net assets without donor restrictions | $14,594,486 |
| Net assets with donor restrictions | $2,585,560 |
| 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 | $23,796,045 |