Davis Housing Inc
- Assets
- $401.1k
- Revenue
- $226.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Midvale, UT
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 94-2943762
Organization Overview
Davis Housing Inc is located in Midvale, UT. The organization was established in 1986. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis 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 12/2021, Davis Housing Inc generated $226.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $210.9k during the year ending 12/2021. While expenses have increased by 3.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING FOR MENTALLY DISADVANTAGED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING FOR MENTALLY DISADVANTAGED ADULTS. APPROXIMATELY 18 INDIVIDUALS BENEFITED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Hatch President | Officer | 0 | $0 |
Ryan Westgard Treasurer | Officer | 0 | $0 |
Mathew Jensen Board Member | Trustee | 0 | $0 |
Clark Wilkinson Baord Member | Trustee | 0 | $0 |
Lorene Kamalu Board Member | Trustee | 0 | $0 |
Trent Sanders Board Member | Trustee | 0 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $226,549 |
| Investment income | $40 |
| 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 | $226,589 |
| 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 | $10,944 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,776 |
| 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 | $1,697 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,865 |
| Interest | $25,516 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,280 |
| Insurance | $7,207 |
| All other expenses | $13,359 |
| Total functional expenses | $210,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,891 |
| Savings and temporary cash investments | $119,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193 |
| 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 | $1,597 |
| Net Land, buildings, and equipment | $275,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $401,115 |
| Accounts payable and accrued expenses | $5,184 |
| 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 | $271,301 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,224 |
| Total liabilities | $281,709 |
| Net assets without donor restrictions | $119,406 |
| 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 | $401,115 |
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|---|---|---|
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Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
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Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |