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Nonprofiteer
← HOUSING RESOURCES INC

Form 990 for tax year 2022

Filed by HOUSING RESOURCES INC.

Totals

Total revenue
$25,943,577
Total expenses
$25,928,274
Contributions and grants received
$25,954,752
Grants paid
$14,746,352
Program service revenue
$140,153
Investment income
-$133,599
Other revenue
-$17,729
Total assets, end of year
$10,872,162
Total liabilities, end of year
$3,631,696
Net assets or fund balances, end of year
$7,240,466
Program services expenses (Part IX)
$25,546,630
Management and general expenses
$347,270
Fundraising expenses
$34,374
Program service expenses (Part III)
$25,546,630

Program services were 98.5% 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.

  • 1a · Federated campaigns

    $171,585

  • 1c · Fundraising events

    $168,537

  • 1e · Government grants (contributions)

    $25,214,676

  • 1f · All other contributions, gifts and grants

    $399,954

  • 2a · Program service revenue: PARTNERSHIP MANAGEMENT FEES

    total $140,153 · related or exempt $140,153

  • 3 · Investment income

    total $64,568 · excluded $64,568

  • 7a · Gross sales of assets other than inventory

    other assets $230,730

  • 7b · Less cost or other basis and sales expenses

    securities $125,694 · other assets $303,203

  • 7c · Gain or loss

    securities -$125,694 · other assets -$72,473

  • 7d · Net gain or loss

    total -$198,167 · excluded -$198,167

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $168,537

  • 8b · Fundraising events: direct expenses

    $17,729

  • 8c · Net income from fundraising events

    total -$17,729 · excluded -$17,729

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,746,352 · program services $14,746,352

  • 5 · Compensation of officers, directors and key employees

    total $106,249 · program services $92,289 · management and general $11,639 · fundraising $2,321

  • 7 · Other salaries and wages

    total $1,203,036 · program services $1,056,575 · management and general $121,904 · fundraising $24,557

  • 8 · Pension plan contributions

    total $15,736 · program services $4,995 · management and general $10,270 · fundraising $471

  • 9 · Other employee benefits

    total $166,168 · program services $146,378 · management and general $14,735 · fundraising $5,055

  • 10 · Payroll taxes

    total $160,797 · program services $146,452 · management and general $12,375 · fundraising $1,970

  • 11b · Fees: legal

    total $6,066 · program services $6,066

  • 11c · Fees: accounting

    total $28,544 · program services $3,349 · management and general $25,195

  • 11f · Fees: investment management

    total $20,862 · program services $15,855 · management and general $5,007

  • 11g · Fees: other

    total $106,955 · program services $92,935 · management and general $14,020

  • 13 · Office expenses

    total $75,788 · program services $59,845 · management and general $15,943

  • 16 · Occupancy

    total $67,214 · program services $61,948 · management and general $5,266

  • 19 · Conferences, conventions and meetings

    total $5,365 · program services $4,370 · management and general $995

  • 20 · Interest

    total $43,234 · management and general $43,234

  • 22 · Depreciation, depletion and amortization

    total $75,535 · program services $60,428 · management and general $15,107

  • 23 · Insurance

    total $37,158 · program services $32,420 · management and general $4,738

  • 24a · Other expenses: CLIENT ASSISTANCE

    total $8,366,126 · program services $8,366,126

  • 24b · Other expenses: ADMINISTRATIVE SERVICES

    total $648,080 · program services $648,080

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $49,009 · program services $2,167 · management and general $46,842

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,130,969 · end of year $2,528,102

  • 3 · Pledges and grants receivable

    beginning of year $2,768,879 · end of year $1,601,953

  • 7 · Other notes and loans receivable

    beginning of year $584,681 · end of year $590,169

  • 9 · Prepaid expenses and deferred charges

    beginning of year $638,232 · end of year $29,619

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

    $1,753,617

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

    $492,705

  • 10c · Land, buildings and equipment, net

    beginning of year $280,207 · end of year $1,260,912

  • 12 · Investments: other securities

    beginning of year $3,203,928 · end of year $2,708,696

  • 13 · Investments: program-related

    beginning of year $1,723,987 · end of year $1,420,784

  • 15 · Other assets

    beginning of year $762,941 · end of year $731,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,742,038 · end of year $2,514,231

  • 24 · Unsecured notes and loans payable

    beginning of year $616,890 · end of year $1,051,990

  • 25 · Other liabilities

    beginning of year $0 · end of year $65,475

  • 27 · Net assets without donor restrictions

    beginning of year $7,256,485 · end of year $6,828,502

  • 28 · Net assets with donor restrictions

    beginning of year $478,411 · end of year $411,964

Mission and programs · 2022

Mission

TO ASSURE HOUSING FOR SOCIALLY AND ECONOMICALLY VULNERABLE RESIDENTS OF KALAMAZOO COUNTY.

  • HOUSING STABILIZATION PROGRAM, HOUSING RESOURCES, INC. IS KALAMAZOO COUNTY'S LEAD HOUSING AGENCY FOR COORDINATED INTAKE AND ASSESSMENT IN PROVIDING INFORMATION AND REFERRAL, CRISIS INTERVENTION, SHELTER DIVERSION, AND HOMELESS PREVENTION ACTIVITIES TO PEOPLE FACED WITH AN EVICTION, CONDEMNATION OR ANY OTHER CIRCUMSTANCES RELATED TO A HOUSING ISSUE. HOUSING RESOURCES, INC. ALSO PROVIDES PERMANENT SUPPORTIVE HOUSING ASSISTANCE, TO HOUSEHOLDS WITH A DISABLING CONDITION, TO SECURE AND RETAIN AFFORDABLE HOUSING INCLUSIVE OF ONGOING RENTAL SUBSIDIES, AND HOUSING CASE MANAGEMENT AND SUPPORT SERVICES.

    Expenses $25,267,553 · Grants $14,746,352 · Revenue $140,153

  • HOUSING DEVELOPMENT AND PROPERTY SERVICES PROGRAM, HOUSING RESOURCES, INC. ALSO DEVELOPS AND MANAGES FOUR LOW-INCOME HOUSING TAX CREDIT PROPERTIES, WHICH INCLUDE PINEHURST TOWNHOMES, SUMMIT PARK APARTMENTS, KALAMAZOO ROSEWOOD, AND RICKMAN HOUSE AND PROVIDES SUPPORT SERVICES TO TENANTS AS NEEDED.

    Expenses $279,077

As filed on the 2022 return.

Listed in Part VII

  • Forest Drummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elisabeth Von Eitzen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roy Dangel Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheila Doresy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Jarl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Ortega

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meoshi Atkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annee Dunn

    DIRECTOR (ENDED 4/22)

    Total calculated
    $0
    Hours/week
    1

  • Tracy Dawson

    DIRECTOR (ENDED 3/22)

    Total calculated
    $0
    Hours/week
    1

  • Cindy Yankovich

    DIRECTOR (ENDED 5/22)

    Total calculated
    $0
    Hours/week
    1

  • Kristen Pollich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neil Stuut

    VP (ENDED 11/22)/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claudia Wink-Basing

    PRESIDENT(END 11/22)/VP(BEGAN 11/22)

    Total calculated
    $0
    Hours/week
    1

  • Karen Barnes

    DIRECTOR/PRESIDENT (BEGAN 11/22)

    Total calculated
    $0
    Hours/week
    1

  • Jose Santamaria

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Judy Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michelle Davis

    EXECUTIVE DIRECTOR

    Total calculated
    $106,250
    From this org
    $90,922
    From related orgs
    $0
    Other
    $15,328
    Hours/week
    37.5

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

  • INTEGRATED SERVICES OF KALAMAZOO

    $9,956,231

    PROVIDES EMERGENCY RENTAL AND UTILITY ASSISTANCE TO HOUSEHOLDS TO PREVENT EVICTION

  • OPEN DOORS KALAMAZOO

    $4,790,121

    PROVIDES EMERGENCY RENTAL AND UTILITY ASSISTANCE TO HOUSEHOLDS TO PREVENT EVICTION

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • KALAMAZOO ROSEWOOD LDHA LP

    RELATED · HOUSING · MI · 0.01% owned · share of income -$37 · share of assets $460 · general or managing partner

  • PINEHURST LDHA LP

    RELATED · HOUSING · MI · 0.01% owned · share of income $140 · general or managing partner

  • RICKMAN HOUSE PRESERVATION

    RELATED · HOUSING · MI · 0.01% owned · share of income -$58 · share of assets $952 · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROSEWOOD NON-PROFIT HOUSING CORP

    C · HOUSING · MI · 100% owned · share of income -$34 · share of assets -$524

    Directly controlled by HRI

  • FAMILY NON-PROFIT HOUSING CORP

    C · HOUSING · MI · 100% owned · share of income -$302,670

    Directly controlled by HRI

  • RICKMAN HOUSE PRES NON-PROFIT

    C · HOUSING · MI · 100% owned · share of income -$38 · share of assets $1,543,718

    Directly controlled by HRI

Provenance

Return type
form_990
Tax year
2022
Filed
28 August 2023
IRS schema version
2022v5.0
Source object
202332409349300808

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