Housing Plus Inc
- Assets
- $184.4k
- Revenue
- $584.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Atlanta, GA
- Founding
- 05/2019
- Data as of
- 06/2024
- EIN
- 83-1195687
Organization Overview
Housing Plus Inc is located in Atlanta, GA. The organization was established in 2019. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Housing Plus Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Plus 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 06/2024, Housing Plus Inc generated $584.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $669.4k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING PLUS INC'S MISSION IS TO DELIVER EQUITABLE HOUSING SOLUTIONS, ECONOMIC WELLNESS PROGRAMS, AND FINANCIAL ASSISTANCE FOR LOW TO MODERATE INCOME HOUSEHOLDS IN THE ATLANTA METRO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY RENTAL ASSISTANCE/EVICTION PREVENTION-- HOME AGAIN. PROGRAMS IN EFFECT DURING THE 2023 FISCAL YEAR INCLUDED COUNTY FUNDED EVICTION INTERVENTION PROGRAMS WE OPERATED IN CLAYTON AND GWINNETT COUNTIES AND THE HOME AGAIN EMERGENCY RENTAL ASSISTANCE PROGRAM, FUNDED BY ATLANTA HOUSING AND THE LOCAL UNITED WAY. OVER THE COURSE OF THE YEAR WE HELPED 120 FAMILIES TO REMAIN HOUSED AND TO AVOID EVICTIONS IN THE CITY OF ATLANTA AND THROUGHOUT CLAYTON AND GWINNETT COUNTIES.
HOMELESSNESS AND HOUSING--THE MOTEL TO HOME PROGRAM. HOMELESSNESS IS OFTEN DEFINED DIFFERENTLY BY DIFFERENT ENTITIES. FOR EXAMPLE, IN SOME CASES, ORGANIZATIONS SUCH AS HUD, THE PRIMARY FEDERAL HOUSING FUNDING AGENCY, DOES NOT CONSIDER FAMILIES IN EXTENDED STAY MOTELS TO BE "TECHNICALLY" HOMELESS. SCHOOL SYSTEMS HOWEVER DO CONSIDER FAMILIES AND THEIR SCHOOL AGED CHILDREN LIVING IN EXTENDED STAY MOTELS TO BE HOMELESS AND THEY PROVIDE SPECIFIC TRANSPORTATION AND RELATED RESOURCES FOR THEM TO ATTEND THEIR LOCAL SCHOOLS. THAT GROUP OF FAMILIES IS THE TARGET OF OUR MOTEL TO HOME PROGRAM FUNDED BY THE UNITED WAY OF GREATER ATLANTA. DURING THE 2023 FISCAL YEAR HOUSING PLUS PERFORMED OUTREACH TO LOCAL SCHOOLS AND EXTENDED STAY MOTELS AND ASSISTED 21 FAMILIES IN TRANSITIONING FROM EXTENDED STAY MOTELS INTO PERMANENT HOUSING (AN APARTMENT OR RENTAL HOME). THERE ARE MANY POSITIVES THAT COME FROM THESE TRANSITIONS INCLUDING: DECREASED STRESS AND AN IMPROVED SENSE OF WELL BEING FOR FAMILIES AND A MORE STABLE HOME ENVIRONMENT HAS BEEN PROVEN TO HAVE A SIGNIFICANT POSITIVE IMPACT ON THE EDUCATIONAL PERFORMANCE OF CHILDREN.
FINANCIAL EDUCATION--FINANCIAL ACHIEVEMENT CLUBS (FACS). DURING THE COVID ERA, HOUSING PLUS PARTICIPATED IN MULTIPLE COVID EMERGENCY RENTAL ASSISTANCE (ERA) PROGRAMS. AS PART OF THAT EXPERIENCE WE SAW MANY FAMILIES RETURNING FOR ASSISTANCE AS PART OF RECURRING CYCLE. THE DESIRE TO HELP FAMILIES BREAK THAT CYCLE ENCOURAGED HOUSING PLUS TO INCORPORATE FINANCIAL EDUCATION IN OUR PROGRAMMING. WE BEGAN THIS EFFORT IN 2023 AND HAVE CONTINUED TO DELIVER FINANCIAL EDUCATION THROUGHOUT 2024, AND NOW HAVE SEVERAL FINANCIAL CLUBS SCHEDULED INTO 2025. THE UNIQUE PART OF THE FACS IS A SAVINGS MATCH COMPONENT THAT MATCHES WHAT A PARTICIPANT SAVES DURING THE PROGRAM UP TO A MAXIMUM OF $500. DURING FISCAL YEAR 2023 WE HAD 75 INDIVIDUALS TO COMPLETE THE FULL SIX MONTH CURRICULUM OF OUR FINANCIAL ACHIEVEMENT CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corby Hannah Executive Director | Officer | 40 | $58,240 |
Charlene Edwards Program Manager | Officer | 40 | $52,000 |
Amy Corn Board Member | Trustee | 1 | $0 |
Ed Richardson Board Chairman | Officer | 1 | $0 |
Angelyn Wright Treasurer | Officer | 1 | $0 |
Corby Hannah Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $411,882 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,815 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,187 |
| Net Gain/Loss on Asset Sales | $178,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $334,063 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,567 |
| Compensation of current officers, directors, key employees. | $14,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,799 |
| 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 | $4,629 |
| Information technology | $4,304 |
| Royalties | $0 |
| Occupancy | $21,974 |
| Travel | $1,336 |
| 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 | $2,154 |
| All other expenses | $0 |
| Total functional expenses | $669,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,385 |
| 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 | $0 |
| 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 | $184,385 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $14,751 |
| Net assets with donor restrictions | $169,634 |
| 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 | $184,385 |