Skip to content
Nonprofiteer
← HOUSING OPPORTUNITIES INC

Form 990 for tax year 2022

Filed by HOUSING OPPORTUNITIES INC.

Totals

Total revenue
$854,073
Total expenses
$555,626
Contributions and grants received
$320,440
Grants paid
$0
Program service revenue
$219,124
Investment income
$5,160
Other revenue
$309,349
Total assets, end of year
$1,096,050
Total liabilities, end of year
$57,266
Net assets or fund balances, end of year
$1,038,784
Program services expenses (Part IX)
$463,460
Management and general expenses
$92,166
Fundraising expenses
$0
Program service expenses (Part III)
$463,460

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $320,440

  • 2a · Program service revenue: LOW INCOME HOUSING RENTAL INCOME

    total $219,124 · related or exempt $219,124

  • 3 · Investment income

    total $5,160 · excluded $5,160

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: INSURANCE CLAIM REIMBURSEMENT

    total $307,762 · excluded $307,762

  • 11b · Other revenue: LAUNDRY & VENDING

    total $1,452 · excluded $1,452

  • 11c · Other revenue: LOCAL FUNDS

    total $135 · excluded $135

  • 11e · Other revenue, total

    $309,349

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $56,966 · program services $47,517 · management and general $9,449

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $6,240 · program services $5,205 · management and general $1,035

  • 10 · Payroll taxes

    total $4,327 · program services $3,609 · management and general $718

  • 11a · Fees: management

    total $36,982 · program services $30,848 · management and general $6,134

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $12,900 · program services $10,760 · management and general $2,140

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $18,850 · program services $15,723 · management and general $3,127 · fundraising $0

  • 12 · Advertising and promotion

    total $66 · program services $55 · management and general $11

  • 13 · Office expenses

    total $16,923 · program services $14,116 · management and general $2,807

  • 14 · Information technology

    total $16,699 · program services $13,929 · management and general $2,770

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $166,817 · program services $139,146 · management and general $27,671

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $75,097 · program services $62,640 · management and general $12,457

  • 23 · Insurance

    total $24,929 · program services $20,794 · management and general $4,135

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $117,530 · program services $98,034 · management and general $19,496

  • 24b · Other expenses: FOOD

    total $437 · program services $365 · management and general $72

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $218 · program services $182 · management and general $36

  • 24d · Other expenses: LICENSES

    total $35 · program services $29 · management and general $6

  • 24e · All other expenses

    total $610 · program services $508 · management and general $102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,977 · end of year $54,629

  • 2 · Savings and temporary cash investments

    beginning of year $449,669 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,001 · end of year $5,515

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $3,184,034

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,530,128

  • 10c · Land, buildings and equipment, net

    beginning of year $224,295 · end of year $653,906

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $22,151 · end of year $382,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,655 · end of year $6,821

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $22,101 · end of year $50,445

  • 27 · Net assets without donor restrictions

    beginning of year $740,337 · end of year $1,038,784

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE DEVELOPMENTAL AND SUPPORT SERVICES THAT EMPOWER INDIVIDUALS TO ATTAIN A FULL LIFE IN THE COMMUNITY.

Activities or mission (Part I)

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS

  • RENTAL OF APARTMENTS TO ELDERLY AND HANDICAPPED TENANTS UNDER HUD SECTION 202 RENTAL PROGRAMS

    Expenses $463,460 · Revenue $219,124

As filed on the 2022 return.

Listed in Part VII

  • SHERRY YOUNG WATKINS

    CEO

    Total calculated
    $88,644
    From this org
    $0
    From related orgs
    $88,644
    Other
    $0
    Hours/week
    40

  • KATHALEEN SANDERS

    CFO

    Total calculated
    $82,849
    From this org
    $0
    From related orgs
    $82,849
    Other
    $0
    Hours/week
    40

  • MEGAN SCHROEDER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SONJA HUBBARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARTHA NORTON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MINDY WILLIAMS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRANDON WASHINGTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 April 2024
IRS schema version
2022v5.0
Source object
202430939349301433

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.