Family Housing Resources Inc
- Assets
- $9.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Tucson, AZ
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 86-0750139
Organization Overview
Family Housing Resources Inc is located in Tucson, AZ. The organization was established in 2000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Family Housing Resources Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Housing Resources 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, Family Housing Resources Inc generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE CREATE LASTING SOLUTIONS TO HELP INDIVIDUALS AND FAMILIES REACH FINANCIAL FREEDOM THROUGH HOUSING SUPPORT, EDUCATION, AND PARTNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTI-FAMILY HOUSING PROGRAM - FHR OWNS AND PROVIDES ADMINSTRATIVE AND MANAGEMENT SUPPORT TO TWO APARTMENT RENTAL COMMUNITIES IN TUCSON WHICH ARE OFFERED TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES. 178 UNITS ARE OFFERED TO RESIDENTS. FHR ALSO OWNS AND MANAGES A HUD SECTION 202 ELDERLY HOUSING PROJECT CONSISTING OF 43 UNITS WHICH ARE RENTED TO LOW TO MODERATE INCOME ELDERLY INDIVIDUALS.
SUPPORTIVE HOUSING PROGRAMS - FHR CONDUCTS HOMEBUYER COUNSELING PROGRAMS AND ALSO SPONSORS DOWNPAYMENT ASSISTANCE PROGRAMS (DAP) THROUGH HUD. FHR PROVIDES PROPERTY MANAGEMENT SERVICES TO ITS VARIOUS RESIDENTIAL PROJECTS AVAILABLE TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES. FHR PROVIDES ASSISTANCE WITH FINANCING NEEDS TO THEIR TARGET POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Heddings Executive Dir. | Trustee | 40 | $125,368 |
Megan O'leary Secretary | OfficerTrustee | 0 | $0 |
Diane Quihuis Treasurer | OfficerTrustee | 0 | $0 |
Stanley Lehman President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Health Services | 12/30/15 | $209,996 |
Az Partsmaster Maintenance Supplies | 12/30/15 | $100,401 |
Criterion Flooring | 12/30/15 | $159,523 |
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 | $741,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,225 |
| Total Program Service Revenue | $1,542,669 |
| Investment income | $5,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,475,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,406,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,022 |
| 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. | $125,638 |
| Compensation of current officers, directors, key employees. | $5,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $423,126 |
| Pension plan accruals and contributions | $13,017 |
| Other employee benefits | $66,493 |
| Payroll taxes | $41,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $222,866 |
| Fees for services: Accounting | $10,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,515 |
| Advertising and promotion | $13,009 |
| Office expenses | $61,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $359,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,535 |
| Insurance | $74,663 |
| All other expenses | $136,215 |
| Total functional expenses | $2,787,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,014,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,433 |
| Net Land, buildings, and equipment | $3,843,635 |
| Investments—publicly traded securities | $1,034,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,809 |
| Other assets | $121,758 |
| Total assets | $9,168,887 |
| Accounts payable and accrued expenses | $122,924 |
| 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 | $349,693 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,596,326 |
| Total liabilities | $2,068,943 |
| Net assets without donor restrictions | $7,099,944 |
| 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 | $9,168,887 |
Grants Awarded
Over the last fiscal year, Family Housing Resources Inc has awarded $9,128,853 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Tucson, AZ PURPOSE: FOR OPERATIONS | $4,000,000 |
IDA OF THE COUNTY OF PIMA PURPOSE: FOR OPERATIONS | $3,928,853 |
FHR CARES INC PURPOSE: FOR OPERATIONS | $1,000,000 |
UNITED WAY OF TUCSONSOUTH AZ PURPOSE: FOR OPERATIONS | $100,000 |
Tucson, AZ PURPOSE: FOR OPERATIONS | $50,000 |
LA FRONTERA ARIZONA INC PURPOSE: FOR OPERATIONS | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Housing Resources Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Mc Companies-Sharing The Good Life Foundation Scottsdale, AZ PURPOSE: PROGRAM SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Linc Housing Corporation Long Beach, CA | $238,297,567 | $22,614,981 |
Millennium Housing Of California Costa Mesa, CA | $117,315,264 | $14,833,102 |