Lake Cumberland Housing Agency Inc
- Assets
- $3.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Jamestown, KY
- Founding
- 09/1979
- Data as of
- 01/2022
- EIN
- 61-0931236
Organization Overview
Lake Cumberland Housing Agency Inc is located in Jamestown, KY. The organization was established in 1979. 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 01/2022, Lake Cumberland Housing Agency Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Cumberland Housing Agency 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 01/2022, Lake Cumberland Housing Agency Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $918.3k during the year ending 01/2022. While expenses have increased by 10.0% 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
TO PROVIDE HOUSING TO LOWER INCOME AND ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY IS A NON-PROFIT CORPORATION THAT WORKS IN CONJUNCTION WITH PUBLIC POLICY FOR THE SPONSORSHIP, PRODUCTION, AND PROMOTION OF LOW AND MODERATE INCOME HOUSING IN KENTUCKY COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mann Executive Director | Officer | 40 | $64,379 |
Stephen Kelley Chairman | OfficerTrustee | 1 | $0 |
Darrell Treece Vice Chairman | OfficerTrustee | 1 | $0 |
Christopher Ramsey Treasurer | OfficerTrustee | 1 | $0 |
Janice Meyers Secretary | OfficerTrustee | 1 | $0 |
Gale Cowan Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdi Flooring Inc Flooring | 1/30/22 | $134,358 |
Masterbuilt Cabinets Cabinetry | 1/30/22 | $123,000 |
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 | $1,229,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,229,618 |
| Total Program Service Revenue | $337,715 |
| Investment income | $1,160 |
| 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 | $1,604,217 |
| 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 | $207,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,386 |
| Payroll taxes | $17,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585 |
| Fees for services: Accounting | $19,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,518 |
| Office expenses | $11,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,939 |
| Insurance | $27,089 |
| All other expenses | $0 |
| Total functional expenses | $918,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,420 |
| Savings and temporary cash investments | $339,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,046 |
| 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 | $12,274 |
| Net Land, buildings, and equipment | $2,467,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,230,130 |
| Accounts payable and accrued expenses | $34,187 |
| Grants payable | $0 |
| Deferred revenue | $317 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,602 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,291,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,342,703 |
| Net assets without donor restrictions | $1,887,427 |
| 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 | $3,230,130 |
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|---|---|---|
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Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Lester And Rosalie Anixter Center Chicago, IL | $16,517,406 | $29,142,038 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |