Appalachian Foothills Housing Agency Incorporated
- Assets
- $1.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Wurtland, KY
- Founding
- 04/1980
- Data as of
- 06/2023
- 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 06/2023, Appalachian Foothills Housing Agency Incorporated employed 10 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 06/2023, Appalachian Foothills Housing Agency Incorporated generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. While expenses have increased by 2.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 Adkins Board Member | Trustee | $0 | |
Jerry Callihan Board Member | Trustee | $0 | |
Susan Campbell Board Member | Trustee | $0 | |
Robert Carpenter Chairman | OfficerTrustee | $0 | |
Phillip Carter Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,001,327 |
| 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 | $5,001,327 |
| Total Program Service Revenue | $186,018 |
| Investment income | -$152 |
| 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 | $5,238,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,289,394 |
| 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 | $376,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,890 |
| Payroll taxes | $30,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $891 |
| Office expenses | $27,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,136 |
| Travel | $4,844 |
| 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 | $22,544 |
| Insurance | $0 |
| All other expenses | $16,915 |
| Total functional expenses | $4,979,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262,847 |
| Savings and temporary cash investments | $307,380 |
| 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 | $25,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,395 |
| Net Land, buildings, and equipment | $298,701 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,147 |
| Total assets | $1,949,908 |
| Accounts payable and accrued expenses | $30,903 |
| 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 | $30,903 |
| Net assets without donor restrictions | $1,628,544 |
| Net assets with donor restrictions | $290,461 |
| 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 | $1,949,908 |