Appalachian Foothills Housing Agency Incorporated
- Assets
- $1.7m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Wurtland, KY
- Founding
- 04/1980
- Data as of
- 06/2022
- EIN
- 61-0934381
Organization Overview
Appalachian Foothills Housing Agency Incorporated is located in Wurtland, KY. The organization was established in 1980. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Appalachian Foothills Housing Agency Incorporated employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Foothills Housing Agency Incorporated 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, Appalachian Foothills Housing Agency Incorporated generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 2.8% 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 ADMINISTRATIVE AND MANAGEMENT SERVICES TO LOW-INCOME HOUSING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES TO LOW-INCOME PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Adkins Secretary/tr | OfficerTrustee | $0 | |
Robert Carpenter Chairman | OfficerTrustee | $0 | |
Chuck Charles Vice Chairma | OfficerTrustee | $0 | |
Robert Adkins Board Member | Trustee | $0 | |
Jerry Callihan Board Member | Trustee | $0 | |
Susan Campbell Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,666,942 |
| 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 | $4,666,942 |
| Total Program Service Revenue | $164,193 |
| Investment income | $86 |
| 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 | $4,881,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,223,606 |
| 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 | $366,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,428 |
| Payroll taxes | $31,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,118 |
| Office expenses | $26,500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,412 |
| Travel | $2,770 |
| 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 | $24,393 |
| Insurance | $0 |
| All other expenses | $8,136 |
| Total functional expenses | $4,918,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,105,084 |
| Savings and temporary cash investments | $206,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,080 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,575 |
| Net Land, buildings, and equipment | $321,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,874 |
| Total assets | $1,707,535 |
| Accounts payable and accrued expenses | $48,148 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,148 |
| Net assets without donor restrictions | $1,451,711 |
| Net assets with donor restrictions | $207,676 |
| 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 | $1,707,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Bridges Community Action Partnership Marysville, OH | $6,792,515 | $6,372,376 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Central Ohio Community Land Trust Columbus, OH | $2,592,192 | $4,520,471 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |