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← ECHO HOUSING CORPORATION

Form 990 for tax year 2024

Filed by ECHO HOUSING CORPORATION.

Totals

Total revenue
$4,099,479
Total expenses
$2,722,232
Contributions and grants received
$3,664,095
Grants paid
$0
Program service revenue
$369,884
Investment income
$44,324
Other revenue
$21,176
Total assets, end of year
$10,384,716
Total liabilities, end of year
$775,783
Net assets or fund balances, end of year
$9,608,933
Program services expenses (Part IX)
$2,417,741
Management and general expenses
$254,350
Fundraising expenses
$50,141
Program service expenses (Part III)
$2,417,741

Program services were 88.8% 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)

    $2,664,835

  • 1f · All other contributions, gifts and grants

    $999,260

  • 1g · Noncash contributions included above

    $207,000

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

    total $302,657 · related or exempt $302,657

  • 2b · Program service revenue: MANAGEMENT FEES

    total $67,227 · related or exempt $67,227

  • 3 · Investment income

    total $44,324 · excluded $44,324

  • 8a · Fundraising events: gross income

    $9,705

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $9,705 · excluded $9,705

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $11,471 · excluded $11,471

  • 11e · Other revenue, total

    $11,471

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $165,808 · program services $149,227 · management and general $16,581

  • 7 · Other salaries and wages

    total $839,696 · program services $775,836 · management and general $32,690 · fundraising $31,170

  • 9 · Other employee benefits

    total $35,043 · program services $32,240 · management and general $1,717 · fundraising $1,086

  • 10 · Payroll taxes

    total $75,511 · program services $69,470 · management and general $3,700 · fundraising $2,341

  • 11b · Fees: legal

    total $16,847 · management and general $16,847

  • 11c · Fees: accounting

    total $48,232 · management and general $48,232

  • 11g · Fees: other

    total $133,235 · program services $133,235

  • 12 · Advertising and promotion

    total $3,314 · management and general $3,314

  • 13 · Office expenses

    total $50,096 · program services $20,820 · management and general $27,722 · fundraising $1,554

  • 14 · Information technology

    total $20,815 · management and general $20,815

  • 16 · Occupancy

    total $244,503 · program services $196,003 · management and general $46,996 · fundraising $1,504

  • 17 · Travel

    total $10,003 · program services $9,999 · management and general $4

  • 19 · Conferences, conventions and meetings

    total $31,050 · management and general $31,050

  • 20 · Interest

    total $41,647 · program services $41,647

  • 22 · Depreciation, depletion and amortization

    total $236,975 · program services $232,143 · management and general $4,682 · fundraising $150

  • 23 · Insurance

    total $82,174 · program services $82,174

  • 24a · Other expenses: RENTAL ASSISTANCE

    total $518,927 · program services $518,927

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $129,446 · program services $129,446

  • 24c · Other expenses: SUPPLIES

    total $38,910 · program services $26,574 · fundraising $12,336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,953 · end of year $67,832

  • 3 · Pledges and grants receivable

    beginning of year $867,414 · end of year $242,402

  • 4 · Accounts receivable

    beginning of year $365,151 · end of year $407,941

  • 7 · Other notes and loans receivable

    beginning of year $2,081,988 · end of year $2,123,414

  • 8 · Inventories for sale or use

    end of year $1,351

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,396 · end of year $51,355

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

    $10,732,969

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

    $3,242,748

  • 10c · Land, buildings and equipment, net

    beginning of year $5,719,508 · end of year $7,490,221

  • 15 · Other assets

    beginning of year $200 · end of year $200

  • 17 · Accounts payable and accrued expenses

    beginning of year $442,558 · end of year $309,389

  • 19 · Deferred revenue

    beginning of year $9,390 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $497,976 · end of year $464,394

  • 25 · Other liabilities

    beginning of year $2,000 · end of year $2,000

  • 27 · Net assets without donor restrictions

    beginning of year $8,231,686 · end of year $9,608,933

Mission and programs · 2024

Mission

IMPROVING LIVES BY REDUCING BARRIERS TO HOUSING, SOCIAL WELLBEING, AND ECONOMIC OPPORTUNITY. DEVELOP PROPERTY, PROVIDE SUPPORTIVE SERVICES, AND ENACT COMMUNITY-BASED INITIATIVES TARGETING LOW-INCOME HOUSEHOLDS.

  • PROVIDING SAFE, AFFORDABLE HOUSING AND SUPPORTING SERVICES TO HOMELESSFAMILIES.

    Expenses $2,417,741 · Revenue $369,884

As filed on the 2024 return.

Listed in Part VII

  • Roy D Chandler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Jason Fisher

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Kendra Nance

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rev Gerald Arnold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chris Brinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Darla Olberding

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lu Porter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Lucy Himstedt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Beau Dial

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Stephen Feistel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Savannah Whicker

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $82,904
    From this org
    $82,904
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Erik Tilkemeier

    CHIEF OPERATING OFFICER

    Total calculated
    $82,904
    From this org
    $82,904
    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 $1,621,175

    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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543169349305479

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