Alabama Christian Housing Inc
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 04/1980
- Data as of
- 06/2022
- EIN
- 63-0788730
Organization Overview
Alabama Christian Housing Inc, operating under the name Elizabeth H Wright Apartments, is located in Duluth, GA. 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. Elizabeth H Wright Apartments 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 06/2022, Elizabeth H Wright Apartments generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $932.8k during the year ending 06/2022. While expenses have increased by 0.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ELDERLY AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 100 UNIT APARTMENT COMPLEX FOR THE ELDERLY AND SELF-SUFFICIENT HANDICAPPED IN ACCORDANCE WITH THE HOUSING AND URBAN DEVELOPMENT'S SEC. 202 HOUSING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Horn Vice Chairman | OfficerTrustee | 0.5 | $0 |
Dr Billy D Hilyer Chairman | OfficerTrustee | 0.5 | $0 |
Sam H Long Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Darlene Gregory Director | Trustee | 0.5 | $0 |
Margaret Hedgpeth Director | Trustee | 0.5 | $0 |
James T Spratlin Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $354 |
| 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 | $1,118,873 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $135,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,484 |
| Payroll taxes | $8,374 |
| Fees for services: Management | $56,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,377 |
| Office expenses | $49,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $482,933 |
| Travel | $116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,559 |
| Insurance | $32,805 |
| All other expenses | $0 |
| Total functional expenses | $932,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,769 |
| Savings and temporary cash investments | $558,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,593 |
| 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 | $26,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,438 |
| Other assets | $46,456 |
| Total assets | $1,978,275 |
| Accounts payable and accrued expenses | $140,410 |
| Grants payable | $0 |
| Deferred revenue | $2,122 |
| 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 | $1,274,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,139 |
| Total liabilities | $1,447,331 |
| Net assets without donor restrictions | $530,944 |
| 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 |
| Total liabilities and net assets/fund balances | $530,944 |