Totals
- Total revenue
- $3,773,695
- Total expenses
- $2,624,032
- Contributions and grants received
- $3,328,250
- Grants paid
- $0
- Program service revenue
- $378,728
- Investment income
- $51,322
- Other revenue
- $15,395
- Total assets, end of year
- $9,183,610
- Total liabilities, end of year
- $951,924
- Net assets or fund balances, end of year
- $8,231,686
- Program services expenses (Part IX)
- $2,402,793
- Management and general expenses
- $171,065
- Fundraising expenses
- $50,174
- Program service expenses (Part III)
- $2,402,793
Program services were 91.6% 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.
-
1c · Fundraising events
$25,547
-
1e · Government grants (contributions)
$3,211,152
-
1f · All other contributions, gifts and grants
$91,551
-
2a · Program service revenue: LOW INCOME HOUSING REN
total $312,438 · related or exempt $312,438
-
2b · Program service revenue: MANAGEMENT FEES
total $66,290 · related or exempt $66,290
-
3 · Investment income
total $44,236 · excluded $44,236
-
7a · Gross sales of assets other than inventory
securities $8,654
-
7b · Less cost or other basis and sales expenses
securities $1,568
-
7c · Gain or loss
securities $7,086
-
7d · Net gain or loss
total $7,086 · excluded $7,086
-
8a · Fundraising events: gross income
$39,898
-
8a · Fundraising events: contributions included on line 1c
$25,547
-
8b · Fundraising events: direct expenses
$31,487
-
8c · Net income from fundraising events
total $8,411 · excluded $8,411
-
11a · Other revenue: MISCELLANEOUS INCOME
total $6,984 · excluded $6,984
-
11e · Other revenue, total
$6,984
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $157,879 · program services $134,197 · management and general $23,682
-
7 · Other salaries and wages
total $570,604 · program services $518,524 · management and general $17,113 · fundraising $34,967
-
9 · Other employee benefits
total $20,816 · program services $18,651 · management and general $1,166 · fundraising $999
-
10 · Payroll taxes
total $54,433 · program services $48,772 · management and general $3,048 · fundraising $2,613
-
11b · Fees: legal
total $6,080 · management and general $6,080
-
11c · Fees: accounting
total $58,329 · management and general $58,329
-
11g · Fees: other
total $94,358 · program services $94,358
-
13 · Office expenses
total $37,568 · program services $15,431 · management and general $21,074 · fundraising $1,063
-
14 · Information technology
total $19,617 · management and general $18,676 · fundraising $941
-
16 · Occupancy
total $156,674 · program services $156,674
-
20 · Interest
total $25,772 · program services $25,772
-
22 · Depreciation, depletion and amortization
total $205,234 · program services $200,793 · management and general $4,228 · fundraising $213
-
23 · Insurance
total $57,996 · program services $57,996
-
24a · Other expenses: COMMUNITY INVOLVEMENT
total $510,023 · program services $510,023
-
24b · Other expenses: RENTAL ASSISTANCE
total $442,105 · program services $442,105
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $146,968 · program services $146,968
-
24d · Other expenses: SUPPLIES
total $24,528 · program services $15,150 · fundraising $9,378
-
24e · All other expenses
total $35,048 · program services $17,379 · management and general $17,669
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $487,718 · end of year $107,953
-
3 · Pledges and grants receivable
beginning of year $285,586 · end of year $867,414
-
4 · Accounts receivable
beginning of year $337,856 · end of year $365,151
-
7 · Other notes and loans receivable
beginning of year $2,040,562 · end of year $2,081,988
-
9 · Prepaid expenses and deferred charges
beginning of year $102 · end of year $41,396
-
10a · Land, buildings and equipment: cost or other basis
$8,996,005
-
10b · Land, buildings and equipment: accumulated depreciation
$3,276,497
-
10c · Land, buildings and equipment, net
beginning of year $4,544,117 · end of year $5,719,508
-
15 · Other assets
beginning of year $200 · end of year $200
-
17 · Accounts payable and accrued expenses
beginning of year $72,774 · end of year $442,558
-
19 · Deferred revenue
beginning of year $9,390 · end of year $9,390
-
23 · Secured mortgages and notes payable
beginning of year $529,954 · end of year $497,976
-
25 · Other liabilities
beginning of year $2,000 · end of year $2,000
-
27 · Net assets without donor restrictions
beginning of year $6,782,023 · end of year $8,231,686
-
28 · Net assets with donor restrictions
beginning of year $300,000 · end of year $0
Mission and programs · 2023
Mission
TO ACQUIRE, REHABILITATE, AND DEVELOP PROPERTY FOR THE PURPOSE OFPROVIDING HOUSING TO HOMELESS, NEAR HOMELESS, AND OTHER LOW INCOMEFAMILIES.
-
PROVIDING SAFE, AFFORDABLE HOUSING AND SUPPORTING SERVICES TO HOMELESSFAMILIES.
Expenses $2,402,793 · Revenue $378,728
As filed on the 2023 return.
Listed in Part VII
-
Roy D ChandlerROY D CHANDLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jason FisherJASON FISHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kendra NanceKENDRA NANCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Gerald ArnoldREV GERALD ARNOLD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sheryl HoosierSHERYL HOOSIER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darla OlberdingDARLA OLBERDING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lu PorterLU PORTER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Lucy HimstedtLUCY HIMSTEDT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Beau DialBEAU DIAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Savannah WoodSAVANNAH WOOD
CHIEF EXECUTIVE OFFICER
- Total calculated
- $78,967
- From this org
- $78,967
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Erik TilkemeierERIK TILKEMEIER
CHIEF OPERATING OFFICER
- Total calculated
- $78,912
- From this org
- $78,912
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LUCAS PLACE LLC
LOW INCOME HOUSING · IN · assets $1,591,009
Directly controlled by ECHO HOUSING CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
ECHO GARVIN LOFTS LP
RELATED · LOW INCOME HOUSING · IN · 0.01% owned · general or managing partner
-
ECHO GARFIELD COMMONS LP
RELATED · LOW INCOME HOUSING · IN · 0.01% owned · general or managing partner
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ECHO GARVIN LOFTS GP LLC
C · LOW INCOME HOUSING · IN · 100% owned · controlled entity
Directly controlled by ECHO HOUSING CORPORATION
-
ECHO GARFIELD COMMONS LP LLC
C · LOW INCOME HOUSING · IN · 100% owned · controlled entity
Directly controlled by ECHO HOUSING CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423049349301792
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