Kent Attainable Housing Inc
- Assets
- $887.6k
- Revenue
- $442.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Chestertown, MD
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-4613498
Organization Overview
Kent Attainable Housing Inc is located in Chestertown, MD. The organization was established in 2019. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Kent Attainable Housing 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, Kent Attainable Housing Inc generated $442.4k in total revenue. All expenses for the organization totaled $59.3k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BREAK THE CYCLE OF POVERTY BY BUILDING OR RENOVATING AFFORDABLE HOUSES AND PARTNERING WITH LOW INCOME, WORKING FAMILIES TO PREPARE FOR AND BUY A HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETED INSTALLATION OF ONE MODULAR HOME AND DESIGNED, PURCHASED, AND INSTALLED A SECOND MODULAR HOME FOR FUTURE SALE TO AN APPLICANT FAMILY. CONSTRUCTION LOANS AND DONATIONS SUPPORTED AN ADDITIONAL INVESTMENT OF $206,963 (HOUSE #1: $48,629; HOUSE #2: $158,334)IN THESE TWO HOMES.
PURCHASED AN EXISTING HOME FOR FUTURE RENOVATION AND SALE AND/OR RENTAL TO AN APPLICANT FAMILY. A CONSTRUCTION LOAN SUPPORTED AN INVESTMENT IN THE PURCHASE OF THIS HOME OF $133,801.
PROVIDED AN OPPORTUNITY FOR OVER 50 FAMILIES TO PARTICIPATE IN OUR APPLICANT MENTORING PROGRAM TO ENHANCE FINANCIAL MANAGEMENT AND HOME OWNERSHIP SKILLS THROUGH FIRST-TIME HOMW OWNERSHIP CLASSES AND RECEIVING GUIDENCE REGARDING BUDGETING AND CREDIT SCORE ENHANCEMENT TO ENABLE FAMILIES TO OBTAIN MORTGAGE FINANCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darius Johnson Executive Director | Officer | 35 | $25,649 |
Lani Seikaly President | OfficerTrustee | 23.3 | $0 |
Jonathan Chace Secretary | OfficerTrustee | 13.8 | $0 |
Kathryn Appel Treasurer | OfficerTrustee | 6.1 | $0 |
Taylor Frey Vice President | OfficerTrustee | 4.2 | $0 |
Bob Altieri Board Member | Trustee | 1.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,881 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,495 |
| 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 | $442,437 |
| 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. | $25,649 |
| Compensation of current officers, directors, key employees. | $12,824 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,719 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,387 |
| Advertising and promotion | $0 |
| Office expenses | $2,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $6,930 |
| All other expenses | $0 |
| Total functional expenses | $59,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,546 |
| Savings and temporary cash investments | $1,345 |
| Pledges and grants receivable | $138,650 |
| 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 | $484,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $887,618 |
| 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 | $55,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $335,000 |
| Other liabilities | $7,615 |
| Total liabilities | $397,615 |
| Net assets without donor restrictions | $429,224 |
| Net assets with donor restrictions | $60,779 |
| 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 | $887,618 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Kent Attainable Housing Inc has recieved totaling $33,418.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $15,000 |
Cape Foundation Inc Baltimore, MD PURPOSE: BREAKING THE GENERATIONAL CYCLE OF POVERTY BY BUILDING OR RENOVATING AFFORDABLE HOUSES AND PARTNERING WITH LOW INCOME, WORKING FAMILIES TO PREPARE FOR AND BUY A HOME | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,400 |
David A Bramble Foundation Inc Chestertown, MD PURPOSE: GENERAL FUNDING | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |
Pennsylvania Community Real Estate Corporation Philadelphia, PA | $2,208,755 | $5,682,149 |
Comprehensive Housing Assistance Inc Baltimore, MD | $35,424,449 | $4,587,920 |
Neighborhood Capital Corporation Silver Spring, MD | $106,804,353 | $10,287,510 |
Ngena Foundation Washington, DC | $0 | $167 |
Piedmont Housing Alliance Incorporated Charlottesville, VA | $40,182,499 | $6,545,967 |
Housing Development Corporation Huntington, WV | $7,568,712 | $3,802,833 |