Episcopal Housing Foundation Inc
- Assets
- $2.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 04/1980
- Data as of
- 09/2023
- EIN
- 63-0753686
Organization Overview
Episcopal Housing Foundation Inc is located in Birmingham, AL. The organization was established in 1980. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Episcopal Housing Foundation 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 09/2023, Episcopal Housing Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. While expenses have increased by 0.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TO SENIOR AND DISABLED ADULTS WITH RESTRICTED INCOME, SAFE AND AFFORDABLE HOUSING AND ACCESS TO RELATED SERVICES IN A HOME-LIKE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING (95-1BR, 5-2BR APARMENTS) UNDER SEC.202 OF THE NATIONAL HOUSING ACT, AS AMENDED AND REGULATED BY HUD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keene Berry President | OfficerTrustee | 1 | $0 |
Sam Basu Treasurer | OfficerTrustee | 1 | $0 |
David Gary Secretary | OfficerTrustee | 1 | $0 |
Rev Katherine Harper Board Member | Trustee | 1 | $0 |
The Venerable Marti Holmes Archdeac Board Member | Trustee | 1 | $0 |
Deacon Kaki O'flinn Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R&r Electrical Services Electrical Services | 9/29/21 | $211,638 |
550 Construction General Contractor - Repairs | 9/29/21 | $118,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $863,250 |
| 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 | $863,250 |
| Total Program Service Revenue | $538,713 |
| Investment income | $1,286 |
| 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 | $1,403,249 |
| 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 | $297,845 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,403 |
| Payroll taxes | $19,631 |
| Fees for services: Management | $65,965 |
| 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 | $25,679 |
| Advertising and promotion | $1,442 |
| Office expenses | $65,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,995 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,345 |
| Interest | $172,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,011 |
| Insurance | $63,698 |
| All other expenses | $0 |
| Total functional expenses | $1,381,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,321 |
| Savings and temporary cash investments | $1,000,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,230 |
| 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 | $36,363 |
| Net Land, buildings, and equipment | $1,507,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,572 |
| Total assets | $2,615,761 |
| Accounts payable and accrued expenses | $37,488 |
| Grants payable | $0 |
| Deferred revenue | $4,386 |
| 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 | $4,475,023 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,572 |
| Total liabilities | $4,557,469 |
| Net assets without donor restrictions | -$1,941,708 |
| 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 | $2,615,761 |