Form 990 for tax year 2023
Filed by HOUSING FOUNDATION OF AMERICA INC.
Totals
- Total revenue
- $764,861
- Total expenses
- $698,252
- Contributions and grants received
- $712,917
- Grants paid
- $0
- Program service revenue
- $51,944
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $695,829
- Total liabilities, end of year
- $286,111
- Net assets or fund balances, end of year
- $409,718
- Program services expenses (Part IX)
- $552,721
- Management and general expenses
- $145,531
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $552,721
Program services were 79.2% 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.
-
1f · All other contributions, gifts and grants
$712,917
-
2a · Program service revenue: COUNSELING
total $15,906
-
2b · Program service revenue: RENTAL INCOME
total $36,038
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 $4,800 · management and general $4,800
-
6 · Compensation of disqualified persons
total $331,731 · program services $263,205 · management and general $68,526
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $24,838 · program services $24,838
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $4,280 · management and general $4,280
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $12,585 · program services $12,585
-
13 · Office expenses
total $25,160 · management and general $25,160
-
14 · Information technology
total $5,520 · management and general $5,520
-
15 · Royalties
total $0
-
16 · Occupancy
total $78,729 · program services $44,629 · management and general $34,100
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $6,937 · program services $3,792 · management and general $3,145
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $8,117 · program services $8,117
-
24a · Other expenses: CREDIT REPORT
total $18,790 · program services $18,790
-
24b · Other expenses: COUNSELING INDEPENDENT CONTRACTORS
total $11,025 · program services $11,025
-
24c · Other expenses: STORAGE
total $7,605 · program services $7,605
-
24d · Other expenses: REHABILITATING CLOSING COST
total $139,152 · program services $139,152
-
24e · All other expenses
total $18,983 · program services $18,983
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,187 · end of year $24,168
-
8 · Inventories for sale or use
beginning of year $524,718 · end of year $524,718
-
9 · Prepaid expenses and deferred charges
beginning of year $32,700 · end of year $36,170
-
10a · Land, buildings and equipment: cost or other basis
$110,773
-
10c · Land, buildings and equipment, net
beginning of year $90,396 · end of year $110,773
-
17 · Accounts payable and accrued expenses
beginning of year $2,411 · end of year $2,411
-
23 · Secured mortgages and notes payable
beginning of year $283,700 · end of year $283,700
-
27 · Net assets without donor restrictions
beginning of year $374,890 · end of year $409,718
Mission and programs · 2023
Mission
Housing Foundation of America, Inc HFA is a Florida corporation organized in October 2005. HFA operates as a Not-For-Profit Organization pursuant to Chapter 718 of the Florida Statues. HFA is committed to create better communities and changing lives through providing assistance to qualified home buyers and first time home buyers
Activities or mission (Part I)
The mission of the Housing Foundation of America Inc is to preserve and develop livable, affordable housing and to address the needs of individuals and families as it pertains to workforce housing
-
WORKSHOPS, these workshops are basically counseling done on the road. They are held in the tri-counties of Maimi- Dade, Broward and Palm Beach of Florida. Housing Foundation of America, Inc. is now in North Carolina, offering the same, much needed assistance.These workshops last for 8 hours on the day of the event. Targets of these workshops are first time home buyers, foreclosure prevention, affordable home loan program, pre-purchase counseling and financial literacy
Expenses $194,240
-
COUNSELING, is the center of operation of this entity, the topics includes first time home buyers, financial literacy/credit counseling, reverse mortgage, foreclosure prevention, pre-purchase counseling, affordable home loan program and IDA individual Development account
Expenses $104,240
-
NEIGHBORHOOD STABILIZATION PROGRAMS, these are programs that are in communities across the tri-counties, however they may not be well known to residents of those communities. Housing Foundation of America helps in educating the residents about these programs and their benefits. These programs includes Broward NSP, BAND Broward Alliance Neighborhood Develpoment, HAP Home-Ownership Assistance Program and Florida Housing BOND Program. Another area in which HFA assist in the Neighborhood Stabilization Program is the precurement of depressed residential buildings/houses. Once aquired, these building will be repaired and ownership would be transferred to qualified persons
Expenses $254,241
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chester BishopCHESTER BISHOP
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 12 + 12 related
-
Beverly Kirton-SmithBEVERLY KIRTON-SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Patrick E EichholtzPATRICK E EICHHOLTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Michelle Edwards-CollieMICHELLE EDWARDS-COLLIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Cathy AlbamonteCATHY ALBAMONTE
TREASURER
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Michael ColesMICHAEL COLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Jeremy R MontantiJEREMY R MONTANTI
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 12 + 12 related
-
Derricka D Chung-FobbsDERRICKA D CHUNG-FOBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Amy Lynn RobbinsAMY LYNN ROBBINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Robin HolleyROBIN HOLLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Ann TaylorANN TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Tiffany RichardsTIFFANY RICHARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Jamila DawsonJAMILA DAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 4 related
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402019349300855
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.