Beattyville Housing & Development Corporation Inc
- Assets
- $5.2m
- Revenue
- $839.9k
- Investments
- $45.3k
- Employees
- 5
- Location
- Beattyville, KY
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 61-1254002
Organization Overview
Beattyville Housing & Development Corporation Inc is located in Beattyville, KY. The organization was established in 1997. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Beattyville Housing & Development Corporation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beattyville Housing & Development Corporation 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 12/2023, Beattyville Housing & Development Corporation Inc generated $839.9k 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 (6.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. 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
BEATTYVILLE HOUSING AND DEVELOPMENT CORPORATION, INC. STRIVES TO DEVELOP AFFORDABLE HOUSING IN LEE AND SURROUNDING COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST LOW INCOME FAMILIES WITH REHOUSING, HOUSING REPAIRS AND RENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faith Phillips Board Member | Trustee | 1 | $0 |
Shirley Halcomb Board Member | Trustee | 1 | $0 |
Tara Caldwell Board Member | Trustee | 1 | $0 |
Scott Jackson Board Member | Trustee | 1 | $0 |
Carole Kincaid President | OfficerTrustee | 5 | $0 |
Amanda Voyles Secretary | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $437,441 |
| 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 | $437,441 |
| Total Program Service Revenue | $0 |
| Investment income | $473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $216,084 |
| 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 | $839,924 |
| 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 | $167,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,755 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,749 |
| Advertising and promotion | $276 |
| Office expenses | $5,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,247 |
| Travel | $3,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,506 |
| Insurance | $31,986 |
| All other expenses | $504,068 |
| Total functional expenses | $1,072,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,727 |
| Savings and temporary cash investments | $42,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $320,591 |
| Inventories for sale or use | $12,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,502,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,315 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,607 |
| Total assets | $5,158,760 |
| Accounts payable and accrued expenses | $24,839 |
| 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 | $2,204,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,167 |
| Total liabilities | $2,244,841 |
| Net assets without donor restrictions | $2,781,016 |
| Net assets with donor restrictions | $132,903 |
| 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 | $5,158,760 |