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 12/2021, Northern Kentucky Presbyterian Housing Coporation generated $216.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $362.6k during the year ending 12/2021. 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
2021
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stan Kramer President | Officer | 1 | $0 |
Evelyn B Kramer Secretary/treasurer | Officer | 1 | $0 |
Rett Mcgoodwin Director | Trustee | 1 | $0 |
Robert Chirwa Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $161,237 |
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 | $161,237 |
Total Program Service Revenue | $48,537 |
Investment income | $292 |
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 | $216,079 |
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 | $50,261 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,877 |
Fees for services: Management | $11,029 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $477 |
Office expenses | $9,146 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $51,206 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,336 |
Interest | $76,256 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $34,579 |
Insurance | $36,894 |
All other expenses | $0 |
Total functional expenses | $362,590 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,742 |
Savings and temporary cash investments | $5,497 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,737 |
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 | $18,903 |
Net Land, buildings, and equipment | $400,450 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $75,045 |
Other assets | $334,740 |
Total assets | $850,114 |
Accounts payable and accrued expenses | $195,555 |
Grants payable | $0 |
Deferred revenue | $255 |
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 | $1,551,598 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,561 |
Total liabilities | $1,750,969 |
Net assets without donor restrictions | -$900,855 |
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 | $850,114 |
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