Safe Housing And Economic Development Inc

Organization Overview

Safe Housing And Economic Development Inc is located in Welch, WV. The organization was established in 2003. 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. As of 06/2022, Safe Housing And Economic Development Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Safe Housing And Economic Development 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 06/2022, Safe Housing And Economic Development Inc generated $524.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $631.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HOUSING TO THOSE WHO CANNOT AFFORD IT OTHERWISE AND TO ASSIST WITH ECONOMIC DEVELOPMENT OF RURAL AREAS OF SOUTHERN WEST VIRGINIA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS AND THEIR FAMILIES THROUGH THE DEVELOPMENT, FINANCING, AND MANAGEMENT OF RENTAL PROPERTIES, AND THROUGH THE DEVELOPMENT, FINANCING AND SALE OF RESIDENTIAL PROPERTIES IN MCDOWELL AND OTHER SOUTHERN WEST VIRGINIA COUNTIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Gentry
Executive Director
$34,865
Kathy Strong
Board Member
$0
Tammy Justus-Cook
Board Member
$0
Garnet Edwards Jr
Board Member
$0
Ginger Day
President
$0
Betty Stevenson
Vice President
$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$524,018
Investment income $0
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 $524,018

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Supportworks Housing
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