Housing Opportunities Addition Inc

Organization Overview

Housing Opportunities Addition Inc is located in Texarkana, TX. The organization was established in 1989. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Opportunities Addition 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 06/2023, Housing Opportunities Addition Inc generated $377.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $34.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE ONE OR MORE ICFMR FACILITIES TO PROVIDE SERVICES TO INDIVIDUALS WHO HAVE A DEVELOPMENTAL DISABILITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

INTERMEDIATE CARE FACILITY FOR MENTALLY DISADVANTAGED CITIZENS IN THE TEXARKANA AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Sherry Young Watkins
Executive Director
$0
Kathaleen Sanders
CFO
$0
Sonja Hubbard
President
$0
Megan Schroeder
Vice President
$0
Martha Norton
Treasurer
$0
Joe Crane
Secretary
$0

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$7,026
Investment income $65
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $218,978
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $377,299

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