Housing Visions Unlimited Inc

Organization Overview

Housing Visions Unlimited Inc is located in Syracuse, NY. The organization was established in 1992. 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, Housing Visions Unlimited Inc employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Housing Visions Unlimited 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, Housing Visions Unlimited Inc generated $24.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $22.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES INCURRED IN RENTING AND MANAGING OF RENTAL HOUSING UNITS TO 1,323 QUALIFIED LOW-INCOME TENANT FAMILIES, WHICH ARE SCATTERED SITE MULTI-FAMILY BUILDINGS NOT ALWAYS IN CLOSE PROXIMITY TO EACH OTHER. THE PROPERTIES HAVE MANY COMPLIANCE REQUIREMENTS THAT MANAGEMENT MUST FOLLOW.


EXPENSES INCURRED IN DEVELOPING 80 UNITS FOR SEVERAL PROJECTS AND DEVELOPMENT OF FUTURE PROJECTS UTILIZING VARIOUS FUNDING SOURCES INCLUDING LIHC AND OTHER STATE AND LOCAL FUNDING.


EXPENSES INCURRED FOR HIGH-QUALITY RESIDENTIAL CONSTRUCTION WITH ENERGY EFFICIENCY MEASURES AND GREEN BUILDING STANDARDS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $443,352
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$443,352
Total Program Service Revenue$23,738,232
Investment income $93,734
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,125
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,284,268

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