Yw Homes Inc
- Assets
- $5.1m
- Revenue
- $349.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 63-1205100
Organization Overview
Yw Homes Inc is located in Birmingham, AL. The organization was established in 1998. 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. Yw Homes 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 12/2022, Yw Homes Inc generated $349.8k 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 (3.3%) each year. All expenses for the organization totaled $477.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. 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
TO PROMOTE AND PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
YW HOMES, INC. IS A HUD RECOGNIZED COMMUNITY HOUSING DEVELOPMENT (CHDO) ORGANIZATION THAT PROVIDES AFFORDABLE RENTAL HOUSING TO LOW/MODERATE INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Mccaskey Vice President/secretary | OfficerTrustee | 1 | $0 |
Jenny Sneed Treasurer | OfficerTrustee | 1 | $0 |
Larhonda Magras CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,048 |
| Noncash contributions included in lines 1a–1f | $8,972 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,974 |
| Total Program Service Revenue | $247,871 |
| Investment income | $1 |
| 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 | $349,846 |
| 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 | $73,494 |
| Pension plan accruals and contributions | $1,120 |
| Other employee benefits | $10,518 |
| Payroll taxes | $5,006 |
| Fees for services: Management | $34,087 |
| Fees for services: Legal | $7,969 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,904 |
| Advertising and promotion | $0 |
| Office expenses | $4,947 |
| Information technology | $2,152 |
| Royalties | $0 |
| Occupancy | $54,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,192 |
| Insurance | $8,972 |
| All other expenses | $0 |
| Total functional expenses | $477,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,767 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $117 |
| Net Land, buildings, and equipment | $4,494,411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $478,155 |
| Total assets | $5,107,020 |
| Accounts payable and accrued expenses | $19,744 |
| Grants payable | $0 |
| Deferred revenue | $1,726 |
| 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 | $5,117,056 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,893 |
| Total liabilities | $5,159,419 |
| Net assets without donor restrictions | -$80,979 |
| Net assets with donor restrictions | $28,580 |
| 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 | $5,107,020 |