Beattyville Housing & Development Corporation Inc
- Assets
- $6.1m
- Revenue
- $2.4m
- Investments
- $57.3k
- Employees
- 6
- Location
- Beattyville, KY
- Founding
- 09/1997
- Data as of
- 12/2021
- 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 12/2021, Beattyville Housing & Development Corporation Inc employed 6 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 12/2021, Beattyville Housing & Development Corporation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $705.4k 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilma Kelley Secretary | Officer | 40 | $64,256 |
Carole Kincaid President | OfficerTrustee | 5 | $0 |
Shirley Halcomb Board Member | Trustee | 1 | $0 |
Tara Caldwell Board Member | Trustee | 1 | $0 |
Alan Turner Board Member | Trustee | 1 | $0 |
Scott Jackson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,228,507 |
| 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 | $2,228,507 |
| Total Program Service Revenue | $0 |
| Investment income | $262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $119,494 |
| Net Gain/Loss on Asset Sales | $1,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,362,980 |
| 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 | $152,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,662 |
| 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 | $29,639 |
| Advertising and promotion | $963 |
| Office expenses | $4,553 |
| Information technology | $365 |
| Royalties | $0 |
| Occupancy | $27,437 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $875 |
| Interest | $12,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,838 |
| Insurance | $31,067 |
| All other expenses | $277,945 |
| Total functional expenses | $705,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,279 |
| Savings and temporary cash investments | $29,694 |
| Pledges and grants receivable | $21,614 |
| Accounts receivable, net | $13,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $393,052 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $429 |
| Net Land, buildings, and equipment | $5,229,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,407 |
| Total assets | $6,085,336 |
| Accounts payable and accrued expenses | $39,174 |
| 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 | $2,477,207 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,198 |
| Total liabilities | $2,527,579 |
| Net assets without donor restrictions | $3,223,937 |
| Net assets with donor restrictions | $333,820 |
| 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 | $6,085,336 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beattyville Housing & Development Corporation Inc has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beyond Housing Inc Pine Lawn, MO | $38,518,173 | $15,419,086 |
Insight Development Corporation Indianapolis, IN | $86,054,404 | $6,705,659 |
Full Circle Communities Inc Chicago, IL | $146,223,116 | $65,892,596 |
Eastern West Virginia Community Action Inc Moorefield, WV | $1,421,827 | $4,960,389 |
Heartland Housing Inc Chicago, IL | $62,362,364 | $6,250,781 |
Habitat For Humanity International Leesburg, VA | $1,817,454 | $3,499,520 |
Habitat For Humanity International Inc Wheaton, IL | $6,181,970 | $4,027,950 |
Fairfax Renaissance Development Corporation Cleveland, OH | $25,841,222 | $4,040,938 |
Promise Development Corporation Memphis, TN | $5,823,077 | $3,033,896 |
Habitat For Humanity International Inc Fredericksburg, VA | $1,919,221 | $2,299,173 |
Hnhf Realty Collaborative Columbus, OH | $16,269,081 | $6,664,003 |
Housing Oriented Ministries Established For Services Inc Whitesburg, KY | $4,625,979 | $1,907,969 |