Housing Solutions Foundation
- Assets
- $9.8m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- South Ogden, UT
- Founding
- Data as of
- 12/2023
- EIN
- 93-2648263
Organization Overview
Housing Solutions Foundation is located in South Ogden, UT. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Solutions Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEEKING CHARITABLE CONTRIBUTIONS IN ORDER TO MAKE, MANAGE AND MONITOR INVESTMENTS IN AFFORDABLE HOUSING PROJECTS AND PROGRAMS FOR THE PRIMARY PURPOSE OF MAKING SAFE, DECENT AND AFFORDABLE HOUSING AVAILABLE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. ENCOURAGING EDUCATION AND INSTRUCTION TO INDIVIDUALS, FAMILIES AND THE COMNMUNITY TO PROMOTE HOME OWNERSHIP AND INCREASE THE NUMBER OF LOW AND MODERATE INCOME PERSONS TAKING THE PATH TO HOME OWNERSHIP AND, PURSUEING SUCH OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES INCIDENTAL OR ANCILLARY TO THE FOREGOING AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE, MANAGE AND MONITOR INVESTMENTS IN AFFORDABLE HOUSING PROJECTS AND PROGRAMS FOR THE PRIMARY PURPOSE OF MAKING SAFE, DECENT AND AFFORDABLE HOUSING AVAILABLE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
ENCOURAGING EDUCATION AND INSTRUCTION TO INDIVIDUALS, FAMILIES AND THE COMNMUNITY TO PROMOTE HOME OWNERSHIP AND INCREASE THE NUMBER OF LOW AND MODERATE INCOME PERSONS TAKING THE PATH TO HOME OWNERSHIP
PURSUEING SUCH OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES INCIDENTAL OR ANCILLARY TO THE FOREGOING AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Wahlen Board Chairp | Trustee | 1 | $0 |
Bruce Jardine Secretary | OfficerTrustee | $0 | |
Howard Headlee President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,850,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,850,025 |
| Total Program Service Revenue | $0 |
| Investment income | $70,745 |
| 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 | $9,903,252 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,885 |
| Fees for services: Other | $100,000 |
| Advertising and promotion | $0 |
| Office expenses | $95 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $120,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,415,243 |
| Savings and temporary cash investments | $336,713 |
| 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 | $1,246 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,029,070 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,782,272 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $9,782,272 |
| 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 | $9,782,272 |