Housing Opportunities Inc
- Assets
- $802.7k
- Revenue
- $605.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- 12/1981
- Data as of
- 06/2021
- EIN
- 71-0552782
Organization Overview
Housing Opportunities Inc is located in Texarkana, TX. The organization was established in 1981. 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 Opportunities 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 06/2021, Housing Opportunities Inc generated $605.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $480.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF APARTMENTS TO ELDERLY AND HANDICAPPED TENANTS UNDER HUD SECTION 202 RENTAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonja Hubbard Vice President | OfficerTrustee | 1 | $0 |
Glenn Moses President | OfficerTrustee | 1 | $0 |
Sherry Young Executive Dir. | Officer | 1 | $0 |
Treva West Member | Trustee | 1 | $0 |
Megan Schroeder Member | Trustee | 1 | $0 |
Judy Morgan Secretary/treas | 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 | $604,123 |
| Investment income | $1,524 |
| 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 | $605,647 |
| 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 | $66,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,277 |
| Payroll taxes | $5,144 |
| Fees for services: Management | $41,342 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,369 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,364 |
| Insurance | $35,870 |
| All other expenses | $0 |
| Total functional expenses | $480,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,997 |
| Savings and temporary cash investments | $378,832 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $257,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,935 |
| Total assets | $802,710 |
| Accounts payable and accrued expenses | $6,850 |
| 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 | $459,003 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,935 |
| Total liabilities | $487,788 |
| Net assets without donor restrictions | $314,922 |
| 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 | $802,710 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Housing Opportunities Inc has recieved totaling $181,052.
| Awarding Organization | Amount |
|---|---|
J K And Susie Wadley Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $111,052 |
Cabe Cook Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $40,000 |
Ledwell Family Foundation Texarkana, TX PURPOSE: TO SUPPORT ITS CHARITABLE PURPOSE. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Health Presbyterian Hospital Kaufman Kaufman, TX | $17,114,303 | $46,511,695 |
Crossroads Housing Development Corporation Big Spring, TX | $1,430,723 | $31,698,100 |
Foundation Communities Inc Austin, TX | $201,792,213 | $44,085,347 |
Austin Affordable Housing Corporation Austin, TX | $189,492,836 | $40,972,198 |
Foundation Communities Austin, TX | $78,215,940 | $25,689,954 |
Tcc Hill Country Development Corporation Austin, TX | $11,234,408 | $22,073,361 |
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |