Hbhci Hud 6 Inc is located in New Port Richey, FL. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hbhci Hud 6 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 06/2022, Hbhci Hud 6 Inc generated $130.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $150.7k during the year ending 06/2022. While expenses have increased by 3.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOW-INCOME HANDICAPPED HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING TO LOW-INCOME, ADULT, HANDICAPPED INDIVIDUALS UNDER SECTION 122(D)(4) OF THE NATIONAL HOUSING ACT THROUGH THE OPERATION OF A 15 UNIT APARTMENT COMPLEX. HUD REGULATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alfred W Torrence Jr ESQ Secretary | OfficerTrustee | 1 | $0 |
Philip H Chesnut Treasurer | OfficerTrustee | 1 | $0 |
Beverly R Barnett Chair | OfficerTrustee | 1 | $0 |
Bill Butler Vice Chair | OfficerTrustee | 1 | $0 |
Robert Hale Director | Trustee | 1 | $0 |
John Foster Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $89,865 |
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 | $89,865 |
Total Program Service Revenue | $40,262 |
Investment income | $10 |
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 | $130,556 |
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 | $32,863 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $6,662 |
Payroll taxes | $2,933 |
Fees for services: Management | $14,493 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,186 |
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 | $5,917 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $677 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $33,235 |
Insurance | $3,165 |
All other expenses | $7,267 |
Total functional expenses | $150,684 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,378 |
Savings and temporary cash investments | $33,078 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $350 |
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 | $2,248 |
Net Land, buildings, and equipment | $508,001 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,161 |
Total assets | $558,216 |
Accounts payable and accrued expenses | $9,796 |
Grants payable | $0 |
Deferred revenue | $1,330 |
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 | $55,980 |
Total liabilities | $67,106 |
Net assets without donor restrictions | $491,110 |
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 | $558,216 |
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