Housing Rights Initiative
- Assets
- $576.5k
- Revenue
- $728.7k
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 07/2016
- Data as of
- 02/2022
- EIN
- 81-2013546
Organization Overview
Housing Rights Initiative is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 02/2022, Housing Rights Initiative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Rights Initiative 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 02/2022, Housing Rights Initiative generated $728.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.6% each year . All expenses for the organization totaled $444.3k during the year ending 02/2022. While expenses have increased by 56.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 HELP TENANTS STAND UP FOR THEIR LEGAL RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM: THE MISSION OF THE ORGANIZATION IS TO PRESERVE AFFORDABLE HOUSING AND PROTECT THE RIGHTS OF VULNERABLE TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Carr Executive Director | Officer | 50 | $99,722 |
John Sanchez Board Member | Trustee | 1 | $0 |
Mitchell Draizin Board Member | Trustee | 1 | $0 |
Yovan Collado Board Member | Trustee | 1 | $0 |
Sarah Steiner Board Chair | Trustee | 1 | $0 |
Erik Coler Board Treasurer | 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 | $631,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,037 |
| Total Program Service Revenue | $0 |
| 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 | $728,666 |
| 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. | $105,859 |
| Compensation of current officers, directors, key employees. | $8,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,623 |
| Payroll taxes | $22,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $8,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,998 |
| Advertising and promotion | $7,345 |
| Office expenses | $1,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,652 |
| Travel | $3,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,957 |
| All other expenses | $1,589 |
| Total functional expenses | $444,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,148 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,367 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $576,515 |
| Accounts payable and accrued expenses | $17,521 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,521 |
| Net assets without donor restrictions | $558,994 |
| 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 | $576,515 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Housing Rights Initiative has recieved totaling $215,900.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $215,000 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO CIVIC AGENCY | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspire Of Western New York Inc Getzville, NY | $37,144,710 | $73,972,719 |
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Springpoint Senior Living Inc Cherry Hill, NJ | $72,542,176 | $10,591,630 |