Housing Foundation Of Huntsville Inc
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 04/1970
- Data as of
- 08/2024
- EIN
- 63-0523195
Organization Overview
Housing Foundation Of Huntsville Inc is located in Huntsville, AL. The organization was established in 1970. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Housing Foundation Of Huntsville Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 08/2024, Housing Foundation Of Huntsville Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.3m during the year ending 08/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING AND OPERATING HOUSING FOR ELDERLY AND LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL HOUSING FOR ELDERLY AND LOW AND MODERATE INCOME FAMILIES IN HUNTSVILLE, AL.
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 |
|---|---|---|---|
Barbara Kennedy President | OfficerTrustee | 20 | $12,000 |
Felecia Kennedy Treasurer | OfficerTrustee | 20 | $0 |
Bryan Kennedy Member | Trustee | 1 | $0 |
William Wayne Douglas Member | Trustee | 1 | $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 | $1,286,320 |
| Investment income | $72 |
| 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 | $1,286,392 |
| 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 | $236,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,553 |
| Fees for services: Management | $90,024 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,139 |
| Office expenses | $25,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,560 |
| Insurance | $71,892 |
| All other expenses | $1,274 |
| Total functional expenses | $1,267,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,034 |
| Savings and temporary cash investments | $181,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,036 |
| 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 | $24,063 |
| Net Land, buildings, and equipment | $649,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,711 |
| Total assets | $1,070,484 |
| Accounts payable and accrued expenses | $266,205 |
| Grants payable | $0 |
| Deferred revenue | $27,754 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $59,600 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,406,932 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,760,491 |
| Net assets without donor restrictions | -$1,690,007 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,070,484 |