Shiloh Community Housing Inc
- Assets
- $2.8m
- Revenue
- $737.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Anchorage, AK
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 92-0177924
Organization Overview
Shiloh Community Housing Inc is located in Anchorage, AK. The organization was established in 2002. 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 12/2022, Shiloh Community Housing Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shiloh Community 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 12/2022, Shiloh Community Housing Inc generated $737.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $583.2k during the year ending 12/2022. While expenses have increased by 24.4% per year over the past 6 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
PROVIDE AFFORDABLE HOUSING AND SERVICES TO LOW TO MODERATE INCOME EARNERS AND MAINTAIN TRANSITION HOUSING TO YOUNG ADULTS 18-24 EXPERIENCING HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4-PLEX PROVIDES PERMANENT AFFORDABLE HOUSING TO ELIGIBLE FAMILIES WITH CHILDREN WHO WOULD OTHERWISE BE HOMELESS. TENANTS ARE SLOWLY RECOVERING FROM COVID FINANCIAL IMPACTS AND PAYING THEIR RENT. ORGANIZATION PURCHASED AND BEGIN REMODELING A 6-PLEX ADDING 6 ADDITIONAL UNITS TO THE HOUSING MARKET.
TRANSITIONAL HOUSING PROGRAM PROVIDES HOUSING FOR PREVIOUSLY HOMELESS YOUNG ADULTS. THE PROGRAM TRAINS THEM TO LIVE ON THEIR OWN AND PROVIDES SUPPORT AND GUIDANCE FOR STAYING OFF THE HOMELESS BANDWAGON. 12 SINGLE ADULTS WERE PROVIDED WITH SAFE AFFORDABLE HOUSING DURING 2022
EVICTION PREVENTION PROGRAM IS A PROGRAM PROVIDED BY ENTITY WHERE THEY PROVIDE THE INTAKE AND CATHOLIC SOCIAL SERVICES PROVIDES THE FUNDS. INTAKE APPLICATIONS RESULTED IN OVER $100,000 IN ASSISTANCE BEING GRANTED. UTILITY SHUTOFF PREVENTION PROVIDES FUNDS TO HELP TENANTS WITH UTILITY SHUTOFF NOTICES TO KEEP UTILITIES ON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Wesley Chairman | Officer | 3 | $0 |
Michele Williams Secretary | Officer | 3 | $0 |
Yvonne Charles Treasurer | Officer | 3 | $0 |
Katherine Dawson Director | Trustee | 2 | $0 |
Daniel George Director | Trustee | 2 | $0 |
George Harrison Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $611,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $738,259 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,631 |
| 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 | $737,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,384 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,283 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,000 |
| Payroll taxes | $19,024 |
| Fees for services: Management | $6,902 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $12,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,960 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $20,368 |
| Office expenses | $4,776 |
| Information technology | $9,660 |
| Royalties | $0 |
| Occupancy | $35,987 |
| Travel | $915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,944 |
| Interest | $150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,741 |
| Insurance | $18,590 |
| All other expenses | $0 |
| Total functional expenses | $583,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,591 |
| 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 | $2,455,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,835,786 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $96,592 |
| 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 | $1,079,935 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,511 |
| Total liabilities | $1,206,038 |
| Net assets without donor restrictions | $0 |
| 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 | $1,629,748 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,835,786 |