The Housing League Inc
- Assets
- $4.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Vero Beach, FL
- Founding
- 11/1998
- Data as of
- 12/2020
- EIN
- 65-0841175
Organization Overview
The Housing League Inc is located in Vero Beach, FL. The organization was established in 1998. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Housing League Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing League 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 12/2020, Housing League Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HOUSING LEAGUE INC. PROVIDES AFFORDABLE HOUSING FOR SALE TO LOW TO MODERATE INCOME FAMILIES BY WORKING TO CREATE OPPORTUNITIES FOR FAMILIES AND INDIVIDUALS THAT TYPICALLY WOULD NOT HAVE A CHANCE AT HOME OWNERSHIP. THE REFURBISHMENT, PRESERVATION, AND SAFE AND SANITARY IMPROVEMENT TO AFFORDABLE RENTAL PROPERTIES IN A COST-EFFECTIVE FASHION STRENGTHENS THE CIVIC STRUCTURE BY EMPOWERING ECONOMICALLY DISADVANTAGED FAMILIES TO IMPROVE THEIR QUALITY OF LIFE AND FEELING OF COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSING LEAGUE IS A MISSION DRIVEN AFFORDABLE HOUSING PROVIDER FOCUSED ON THE FLORIDA MARKETS. THE ORGANIZATION'S PRIMARY ACTIVITY IS TO PURCHASE FORECLOSED PROPERTIES DIRECTLY FROM THE LENDERS, RENOVATE AND RESELL. THESE PROPERTIES ARE MARKETED SPECIFICALLY TO OWNER OCCUPIED BUYERS WHO QUALIFY AS LOW TO MODERATE INCOME ACCORDING TO HUD GUIDELINES. ADDITIONAL HOUSING WILL BE CONSTRUCTED FOR THIS PURPOSE IN FUTURE YEARS. THE TIMELINE FOR NEW CONSTRUCTION IS BASED ON ECONOMICS AND MARKET CONDITIONS.
THE HOUSING LEAGUE ALSO ACQUIRES PROPERTIES WHICH ARE TO BE RENTED TO LOW TO MODERATE INCOME TENANTS. ADDITIONAL HOUSING WILL BE CONSTRUCTED FOR THIS PURPOSE IN FUTURE YEARS. THE TIMELINE FOR NEW CONSTRUCTION IS BASED ON ECONOMICS AND MARKET CONDITIONS.
THE HOUSING LEAGUE IS ALSO PROVIDED SUPPORT BY THE FLORIDA DEPARTMENT OF MANAGEMENT SERVICES IN THE FORM OF DISCONTINUED CONSTRUCTION EQUIPMENT, MACHINERY, AND VEHICLES. THE HOUSING LEAGUE REPAIRS AND/OR RENEWS THE EQUIPMENT FOR USE WITHIN THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Flick President | Officer | 40 | $133,371 |
Jerry G Flick CEO | Officer | 40 | $77,286 |
Evelyn Guas Cruz Secretary | Officer | 40 | $51,400 |
Todd Heckman Director | Trustee | 1 | $0 |
John Rymer Director | Trustee | 1 | $0 |
Frederick Kaufmann Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
9 Out Of 10 Llc Construction Service | 12/30/20 | $101,016 |
Jcor Contractors Llc Construction Service | 12/30/20 | $111,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000 |
| 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 | $3,000 |
| Total Program Service Revenue | $3,582,489 |
| Investment income | $2,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $183,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,771,376 |
| 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. | $333,271 |
| Compensation of current officers, directors, key employees. | $333,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,280 |
| Fees for services: Management | $146,352 |
| Fees for services: Legal | $37,405 |
| Fees for services: Accounting | $21,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,161 |
| Advertising and promotion | $0 |
| Office expenses | $17,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $1,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,744 |
| Insurance | $24,228 |
| All other expenses | $73,723 |
| Total functional expenses | $4,575,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,910 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,013 |
| Inventories for sale or use | $3,390,243 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,035,801 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,267 |
| Other assets | $25,889 |
| Total assets | $4,626,123 |
| Accounts payable and accrued expenses | $70,859 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,197,857 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $158,247 |
| Total liabilities | $3,426,963 |
| Net assets without donor restrictions | $1,199,160 |
| 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 | $4,626,123 |