Unified Housing Foundation Inc
- Assets
- $202.5m
- Revenue
- $106.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Farmers Branch, TX
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 76-0557203
Organization Overview
Unified Housing Foundation Inc is located in Farmers Branch, TX. The organization was established in 1999. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unified 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 12/2021, Unified Housing Foundation Inc generated $106.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $43.9m during the year ending 12/2021. 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
THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ACQUIRING AND OPERATING LOW-INCOME HOUSING PROPERTIES WITHIN THE GUIDELINES OF IRS NOTICE 93-1 OR WITHIN ANY SUCCESSOR OR ALTERNATE "SAFE-HARBOR" AFFORDABLE HOUSING GUIDELINE PUBLISHED BY THE IRS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING LOW-INCOME HOUSING PROPERTIES WITHIN THE GUIDELINES OF IRS NOTICE 93-1. IN FURTHERANCE OF ITS MISSION TO SERVE THE AFFORDABLE HOUSING COMMUNITY, THE ORGANIZATION PROVIDES SOCIAL SERVICE PROGRAMS TO THE RESIDENTS AT ITS VARIOUS APARTMENT COMMUNITIES. THE ORGANIZATION CURRENTLY PROVIDES A SENIOR CITIZEN DISCOUNT PROGRAM FOR THOSE 55 AND OVER AND A RENTAL ASSISTANCE PROGRAM AT ALL OF ITS COMMUNITIES. FURTHERMORE, AT SELECT PROPERTIES, THE ORGANIZATION PROVIDES ESL CLASSES, VACATION BIBLE SCHOOL CLASSES, YOUTH EMPLOYMENT OPPORTUNITIES, AND VARIOUS COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Carter Dir, Vp, Secretary | OfficerTrustee | 0.5 | $6,000 |
Carolynn F Bevers Director | Trustee | 0.5 | $6,000 |
Martha C Stephens Director | Trustee | 0.5 | $5,000 |
Carmen Keeling White Director (1/1/21- 10/5/21) | Trustee | 0.5 | $5,000 |
Byron K Rowlett Director | Trustee | 0.5 | $5,000 |
Robert Neil Crouch Dir, President, Treasurer | OfficerTrustee | 0 | $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 | $32,071,123 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,204,636 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,275,759 |
| 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. | $27,000 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,862,073 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,389,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,120,107 |
| Insurance | $1,669,096 |
| All other expenses | $2,088,023 |
| Total functional expenses | $43,896,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,241,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,515 |
| 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 | $467,826 |
| Net Land, buildings, and equipment | $130,812,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,998,197 |
| Other assets | $60,813,341 |
| Total assets | $202,465,648 |
| Accounts payable and accrued expenses | $3,445,642 |
| 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 | $160,231,559 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,756,632 |
| Total liabilities | $254,433,833 |
| Net assets without donor restrictions | $0 |
| 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 | -$51,968,185 |
| Total liabilities and net assets/fund balances | $202,465,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Texas Food Bank Laredo, TX | $24,387,839 | $68,615,765 |
Arrow Child & Family Ministries Spring, TX | $20,210,552 | $49,268,958 |
Unified Housing Foundation Inc Farmers Branch, TX | $202,465,648 | $106,275,759 |
Feeding Texas Austin, TX | $8,415,215 | $40,252,458 |
Unity Of Greater New Orleans Inc New Orleans, LA | $34,262,914 | $35,061,746 |
Imagine Enterprises Seabrook, TX | $1,203,317 | $11,528,305 |
Arrow Child & Family Ministries Spring, TX | $11,244,936 | $6,691,288 |
Generous Life Foundation Dallas, TX | $227,520 | $6,078,199 |
Community Development Support Association Inc 2615 E Randolph Enid, OK | $10,236,786 | $3,375,382 |
Community Association Of Harmony Inc Houston, TX | $4,260,670 | $4,297,556 |
Oklahoma Center For Nonprofits Inc Oklahoma City, OK | $13,693,214 | $8,581,914 |
Pineywoods Medical Development Corporation Lufkin, TX | $22,700,202 | $1,774,261 |