Bluegrass Affordable Housing Association
- Assets
- $457.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/1998
- Data as of
- 06/2021
- EIN
- 61-1319045
Organization Overview
Bluegrass Affordable Housing Association is located in Lexington, KY. The organization was established in 1998. 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. Bluegrass Affordable Housing Association 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 06/2021, Bluegrass Affordable Housing Association generated $4.6k 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 (12.6%) each year. All expenses for the organization totaled $6.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN AN EFFORT TO REVITALIZE THE COMMUNITY, GRANTS ARE MADE TO OTHER NON- PROFIT ORGANIZATIONS WITH THE STIPULATION THAT THESE GRANTS BE USED TO PROVIDE HOME LOANS TO LOW-INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin R Smith Treasurer | 1 | $235,141 | |
Brenda Weaver President | 1 | $152,227 | |
Rachel Childress Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,644 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,644 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,162 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,887 |
| Total expenses | $6,049 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,569 |
| Other assets | $0 |
| Total assets | $457,066 |
| Total liabilities | $475,122 |
| Net assets or fund balances | -$18,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Bridges Community Action Partnership Marysville, OH | $6,792,515 | $6,372,376 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Central Ohio Community Land Trust Columbus, OH | $2,592,192 | $4,520,471 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |