Hbhci Hud 3 Inc is located in New Port Richey, FL. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hbhci Hud 3 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 06/2023, Hbhci Hud 3 Inc generated $35.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $37.7k during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDES HOUSING TO LOW-INCOME, ADULT, HANDICAPPED INDIVIDUALS UNDER SECTION 122(D)(4) OF THE NATIONAL HOUSING ACT THROUGH THE OPERATION OF A APARTMENT COMPLEX. HUD REGULATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Philip H Chesnut Treasurer | 1 | $0 | |
Beverly R Barnett Chair | 1 | $0 | |
Gail Ryder Vice President | 1 | $0 | |
Robert Hale Director | 1 | $0 | |
Bill Butler Vice Chair | 1 | $0 | |
Alfred W Torrence Jr ESQ Secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $29,034 |
Total Program Service Revenue | $6,282 |
Membership dues | $0 |
Investment income | $35 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $139 |
Total Revenue | $35,490 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $7,929 |
Professional fees and other payments to independent contractors | $6,862 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $22,920 |
Total expenses | $37,711 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $21,779 |
Other assets | $0 |
Total assets | $123,565 |
Total liabilities | $11,964 |
Net assets or fund balances | $111,601 |