Urban Housing Solutions
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$9,772,634.00
Projected Expenses
$8,118,796.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| urban housing solutions irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $13,351,850.00 | $12,951,476.00 | $11,105,010.00 |
| Total Expenses | $11,143,421.00 | $9,367,936.00 | $7,787,116.00 |
| Revenue Less Expenses | $2,208,429.00 | $3,583,540.00 | $3,317,894.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $1,000,000.00 | $343,499.00 | $0.00 |
| Government - Federal | $1,163,235.00 | $560,184.00 | $0.00 |
| Government - State | $361,029.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $423,658.00 | $0.00 |
| Government - Unspecified | $0.00 | $117,608.00 | $1,103,119.00 |
| Contributions, Gifts, and Grants | $780,683.00 | $500,339.00 | $849,149.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $9,386,370.00 | $10,235,528.00 | $8,345,914.00 |
| Investment Income, Net of Losses | $97,707.00 | $21,677.00 | $25,318.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $510,223.00 | $748,983.00 | $781,510.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $10,759,501.00 | $9,092,997.00 | $7,662,860.00 |
| Administration Expense | $383,920.00 | $274,939.00 | $124,256.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 120% | 138% | 143% |
| Program Expense/Total Expenses | 97% | 97% | 98% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Federal Government Grants $1,163,235.00 | Program Revenue $10,235,528.00 | Program Revenue $8,345,914.00 |
| Second Highest Funding Source & Dollar Amount | Foundations and Corporations $1,000,000.00 | Other Revenue $748,983.00 | Government Grants $1,103,119.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $9,386,370.00 | Federal Government Grants $560,184.00 | Contributions, Gifts, and Grants $849,149.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $96,040,814.00 | $85,110,787.00 | $71,350,237.00 |
| Current Assets | $19,505,853.00 | $15,107,888.00 | $11,589,712.00 |
| Long-Term Liabilities | $34,681,967.00 | $26,147,419.00 | $17,028,335.00 |
| Current Liabilities | $7,915,773.00 | $8,591,217.00 | $7,533,291.00 |
| Total Net Assets | $53,443,074.00 | $50,372,151.00 | $46,788,611.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2023
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| We are fortunate to have enough income from our mission-based activities. In our case, the rent and rent subsidies we receive to support our day-to-day operations. As we increase our delivery of supportive services for our residents in tandem with property management, we are exploring ways to sustain this "community-based teams" approach. As part of our strategic planning process, we have begun to utilize additional types of financing to develop our projects. |
Foundation Staff Comments
| Financial figures taken from the 990. Financial documents completed by Novogradac & Company LLP. Comments provided by Hayley Sulfridge 9/27/23. |
