Yuma Area Housing Opportunity Inc
- Assets
- $563.0k
- Revenue
- $788.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Yuma, AZ
- Founding
- 11/1972
- Data as of
- 08/2022
- EIN
- 86-0254311
Organization Overview
Yuma Area Housing Opportunity Inc is located in Yuma, AZ. The organization was established in 1972. 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. As of 08/2022, Yuma Area Housing Opportunity Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yuma Area Housing Opportunity 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 08/2022, Yuma Area Housing Opportunity Inc generated $788.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $756.1k during the year ending 08/2022. While expenses have increased by 2.2% per year over the past 7 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
THE ORGANIZATION OWNS AND OPERATES TWO BUILDINGS WITH A TOTAL OF 63 UNITS SUBSIDIZED BY HUD; THE HOUSING IS PROVIDED TO THE ELDERLY, HANDICAPPED, AND LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUD SUBSIDIZED HOUSING OPERATION OF TWO APARTMENT COMPLEXES, PROVIDED PRIMARILY TO THE ELDERLY, LOW INCOME AND HANDICAPPED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Magana Executive Dir. | Trustee | 40 | $107,100 |
Charlie Duffy Secretary/treas | OfficerTrustee | 1 | $0 |
Althea Evans President | OfficerTrustee | 1 | $0 |
Belia Poradek Director | Trustee | 1 | $0 |
Katherine Magana Director | Trustee | 1 | $0 |
Curt Van Eckeren Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $593,623 |
| 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 | $593,623 |
| Total Program Service Revenue | $195,104 |
| Investment income | $42 |
| 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 | $788,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,241 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,728 |
| Compensation of current officers, directors, key employees. | $56,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,377 |
| Pension plan accruals and contributions | $11,961 |
| Other employee benefits | $35,416 |
| Payroll taxes | $23,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,151 |
| Fees for services: Accounting | $23,914 |
| 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 | $24,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,549 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,010 |
| Insurance | $20,957 |
| All other expenses | $0 |
| Total functional expenses | $756,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,087 |
| Savings and temporary cash investments | $34,886 |
| 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 | $4,993 |
| Net Land, buildings, and equipment | $229,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,033 |
| Total assets | $563,027 |
| Accounts payable and accrued expenses | $84,961 |
| 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 | $89,095 |
| Unsecured mortgages and notes payable | $6,000 |
| Other liabilities | $12,099 |
| Total liabilities | $192,155 |
| Net assets without donor restrictions | $357,094 |
| Net assets with donor restrictions | $13,778 |
| 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 | $563,027 |
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|---|---|---|
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