Northern Kentucky Presbyterian Housing Coporation
- Assets
- $730.1k
- Revenue
- $242.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, KY
- Founding
- 12/1983
- Data as of
- 12/2022
- EIN
- 61-1167871
Organization Overview
Northern Kentucky Presbyterian Housing Coporation is located in Covington, KY. The organization was established in 1983. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Kentucky Presbyterian Housing Coporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Northern Kentucky Presbyterian Housing Coporation generated $242.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $365.3k during the year ending 12/2022. 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 HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES DIRECTLY RELATE TO THE CONTINUOUS UPKEEP AND MAINTENANCE OF A 30 UNIT LOW-INCOME HOUSING PROJECT CONSTRUCTED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND SUBSIDIZED BY A TENANT ASSISTANCE AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Kramer President | OfficerTrustee | 1 | $0 |
Evelyn B Kramer Secretary/treasurer | OfficerTrustee | 1 | $0 |
Rett Mcgoodwin Director | Trustee | 1 | $0 |
Robert Chirwa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,516 |
| 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 | $179,516 |
| Total Program Service Revenue | $58,631 |
| Investment income | $232 |
| 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 | $242,280 |
| 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 | $56,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,770 |
| Payroll taxes | $4,696 |
| Fees for services: Management | $12,092 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,050 |
| 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 | $12,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,056 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,820 |
| Interest | $74,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,248 |
| Insurance | $31,296 |
| All other expenses | $2,294 |
| Total functional expenses | $365,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,382 |
| Savings and temporary cash investments | $6,766 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,120 |
| 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 | $5,086 |
| Net Land, buildings, and equipment | $362,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $72,681 |
| Other assets | $199,822 |
| Total assets | $730,059 |
| Accounts payable and accrued expenses | $219,357 |
| Grants payable | $0 |
| Deferred revenue | $550 |
| 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 | $1,529,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,740 |
| Total liabilities | $1,753,925 |
| Net assets without donor restrictions | -$1,023,866 |
| 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 | $730,059 |