Realtor-Community Housing Foundation Inc
- Assets
- $299.6k
- Revenue
- $289.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 61-1213601
Organization Overview
Realtor-Community Housing Foundation Inc is located in Lexington, KY. The organization was established in 1992. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtor-Community Housing Foundation 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 12/2022, Realtor-Community Housing Foundation Inc generated $289.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $272.9k during the year ending 12/2022. While expenses have increased by 28.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FURTHER THE AVAILABILITY OF HOUSING FOR LOW INCOME AND UNDER PRIVILEGED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT ORGANIZATIONS THAT HELP LOW TO MODERATE INCOME FAMILIES OBTAIN AFFORDABLE HOUSING.
THE REMODELING FOR ACCESS AND MOBILITY PROJECT OR "RAMP" PROVIDES LOW INCOME HOME OWNERS WITH IMPROVED ACCESS TO THEIR HOMES. COMMUNITY EMERGENCY REPAIRS ARE TO HEATING AND AIR CONDITIONING UNITS, REPAIRS RESULTING FROM LEAKY ROOFS OR WATER HEATERS FOR LOW INCOME AND ELDERLY HOMEOWNERS.
PROVIDE FUNDS FOR NATURAL DISASTERS IN KENTUCKY. COLLECTED AND SENT FUNDS AND SUPPLIES TO WESTERN KENTUCKY FOR TORNADO RELIEF. SENT FUNDS TO EASTERN KENTUCKY FOR FLOOD RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rusty Underwood President | OfficerTrustee | 2 | $0 |
Gesela Brown Vice President | OfficerTrustee | 2 | $0 |
Amanda Marcum Treasurer | OfficerTrustee | 2 | $0 |
Raquel Carter Presdient Elect | Trustee | 1 | $0 |
Jason Scolf Director | Trustee | 1 | $0 |
Tim Adams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,428 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,478 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,098 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $725 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $838 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,695 |
| All other expenses | $219 |
| Total functional expenses | $272,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,578 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $299,578 |
| Accounts payable and accrued expenses | $1,231 |
| 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 | $1,231 |
| Net assets without donor restrictions | $298,347 |
| 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 | $299,578 |
Grants Awarded
Over the last fiscal year, Realtor-Community Housing Foundation Inc has awarded $160,598 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REACH PURPOSE: TO HELP LOW TO MODERATE INCOME FAMILIES OBTAIN HOUSING | $10,598 |
KENTUCKY REALTORS RELIEF FOUNDATION PURPOSE: TO PROVIDE FUNDS FOR TORNADO RELIEF IN WESTERN KENTUCKY | $150,000 |