Housing Benefits Plan
- Assets
- $17.3m
- Revenue
- $20.9m
- Investments
- $12.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 62-1217327
Organization Overview
Housing Benefits Plan is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Benefits Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Housing Benefits Plan generated $20.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $20.9m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hall Benefits Law Llc Administration | 12/30/21 | $299,856 |
Mercer Health & Benefits Llc Administration | 12/30/21 | $110,422 |
Housing Solutions Alliance Llc Administration | 12/30/21 | $106,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $20,775,098 |
| Investment income | $139,713 |
| 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 | $20,926,607 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $299,421 |
| Fees for services: Accounting | $47,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,842 |
| Fees for services: Other | $26,603 |
| Advertising and promotion | $1,474 |
| Office expenses | $816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,437 |
| Interest | $10,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,830 |
| All other expenses | $0 |
| Total functional expenses | $20,923,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $920,505 |
| Savings and temporary cash investments | $1,415,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,783,561 |
| 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 | $12,129,843 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,961 |
| Total assets | $17,278,471 |
| Accounts payable and accrued expenses | $85,789 |
| Grants payable | $0 |
| Deferred revenue | $1,694,310 |
| 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 | $1,780,099 |
| Net assets without donor restrictions | $0 |
| 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 | $15,498,372 |
| Total liabilities and net assets/fund balances | $17,278,471 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isas Group Benefits Tr Dallas, TX | $25,237,505 | $32,364,920 |
The Benchmark Management Company Employee Benefit Trust The Woodlands, TX | $138,174 | $24,295,443 |
Dxp Enterprises Inc Employee Benefit Plan Trust Houston, TX | $0 | $27,742,069 |
Fidelity Welfare Benefit Plans Veba Trust Westlake, TX | $785,854,843 | $56,193,264 |
Housing Benefits Plan Dallas, TX | $17,278,471 | $20,926,607 |
Dolese Bros Co Veba Trust Oklahoma City, OK | $445,170 | $18,567,104 |
Methodist Hospital Self Insurance Trust Houston, TX | $122,957,500 | $20,327,926 |
Forfeiture Support Associates Llc Welfare Benefit Tr Dallas, TX | $59,802 | $13,723,885 |
Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc Austin, TX | $70,747,885 | $31,418,906 |
Kaiser-Francis Employees Benefit Tr Tulsa, OK | $1,100,579 | $8,088,672 |
Surplus Lines Stamping Office Of Texas Austin, TX | $37,353,756 | $7,506,175 |
Crest Industries Inc Employees Benefit Trust Alexandria, LA | $2,486,733 | $6,812,983 |