Investing In Communities

Organization Overview

Investing In Communities is located in Owensboro, KY. The organization was established in 2018. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Investing In Communities 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, Investing In Communities generated $2.1m in total revenue. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 68.9% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME RESIDENTS IN OUR COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL INCOME FROM 5 HOUSING UNITS OCCUPIED BY LOW INCOME FAMILIES. RENTS ARE SUBSIDIZED AND UTILITY ALLOWANCE PROVIDED


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Board, Officers & Key Employees

Name (title)Compensation
Rita Moorman
Chairperson
$0
Adrian Frazier
Director
$0
Jean Maddox
Director
$0
Tom Covington
Director
$0
Rick Searcy
Director
$0
Shauna Boom
Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $824,792
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$824,792
Total Program Service Revenue$14,436
Investment income $307
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,167,460
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 $2,081,251

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Community Reinvestment Foundation Inc
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Ezekiel Foundation Inc
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Louisville Housing Opportunities And Microenterprise Comm Dev Loan
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Alpha Building Foundation Corporation
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$2,395,949
Investing In Communities
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$2,081,251
Parade Park Homes Inc
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$2,050,875

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