Initiative For Affordable Housing Dekalb Inc

Organization Overview

Initiative For Affordable Housing Dekalb Inc is located in Scottdale, GA. The organization was established in 1992. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Initiative For Affordable Housing Dekalb Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiative For Affordable Housing Dekalb Inc 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 12/2023, Initiative For Affordable Housing Dekalb Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING AFFORDABLE LOW-INCOME FAMILY HOUSING, ASSISTANCE FOR HOMELESS FAMILIES, AND AN EMPLOYMENT TRAINING PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES LOW INCOME HOUSING TO HOUSEHOLDS WITH INCOME AT OR BELOW HUD INCOME GUIDELINES. APPROXIMATELY 355 FAMILIES ARE SERVED.


THE ORGANIZATION OFFERS HOMELESS FAMILIES PERMANENT AFFORDABLE HOUSING, ALONG WITH SUPPORTIVE SERVICES AND RESOURCES TO HELP MAKE A HOUSE (OR AN APARTMENT) A HOME.


THE ORGANIZATION PROVIDED AN EMPLOYMENT PROGRAM FOR LOW INCOME PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Brent Adams
Secretary
$0
Eric Bloomquist
Director
$0
Cassie Branum
Director
$0
Lashunda Campbell
Director
$0
Bill Crane
Director
$0
R Daniel Douglass
President
$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$215,170
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$215,170
Total Program Service Revenue$814,418
Investment income $10,733
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 $1,040,321

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