Civic Intelligence

Housing Opportunities Inc

EIN 35-1965214 • 501(c)3 • Valparaiso, IN

Profile

Housing Opportunities Inc. works to resolve and prevent homelessness in our communities by providing emergency housing, permanent supportive housing, affordable rentals, rental assistance, housing counseling, street outreach services, and supportive case management.

2001 Calumet AveValparaiso, IN 46383

www.hoi.help

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.23x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.18x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

28th percentile

-2.5%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

5th percentile

-49%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$14,134,657

Up $2,865,099 (+25%) from 2023

Liabilities

Up

$3,188,314

Up $559,170 (+21%) from 2023

Net Assets

Up

$10,946,343

Up $2,305,929 (+27%) from 2023

Revenue

Down

$1,461,786

Down $3,492,585 (-70%) from 2023

Expenses

Down

$1,498,964

Down $2,423,347 (-62%) from 2023

Net Income

Down

-$37,178

Down $1,069,238 (-104%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $3,243,497Liabilities 2010: $1,028,170Net Assets 2010: $2,215,3272010Assets 2011: $4,541,447Liabilities 2011: $1,674,143Net Assets 2011: $2,867,3042011Assets 2012: $5,197,921Liabilities 2012: $1,785,620Net Assets 2012: $3,412,3012012Assets 2013: $4,806,603Liabilities 2013: $1,607,524Net Assets 2013: $3,199,0792013Assets 2014: $5,586,644Liabilities 2014: $1,845,078Net Assets 2014: $3,741,5662014Assets 2015: $5,185,438Liabilities 2015: $1,459,281Net Assets 2015: $3,726,1572015Assets 2016: $6,049,891Liabilities 2016: $2,228,333Net Assets 2016: $3,821,5582016Assets 2017: $6,749,909Liabilities 2017: $2,632,587Net Assets 2017: $4,117,3222017Assets 2018: $7,261,828Liabilities 2018: $2,771,144Net Assets 2018: $4,490,6842018Assets 2019: $7,341,731Liabilities 2019: $2,578,774Net Assets 2019: $4,762,9572019Assets 2020: $8,316,932Liabilities 2020: $2,491,302Net Assets 2020: $5,825,6302020Assets 2021: $8,992,058Liabilities 2021: $2,511,933Net Assets 2021: $6,480,1252021Assets 2022: $10,403,121Liabilities 2022: $2,794,767Net Assets 2022: $7,608,3542022Assets 2023: $11,269,558Liabilities 2023: $2,629,144Net Assets 2023: $8,640,4142023Assets 2024: $14,134,657Liabilities 2024: $3,188,314Net Assets 2024: $10,946,3432024

Highlighted filing

2024

Assets$14,134,657
Liabilities$3,188,314
Net Assets$10,946,343

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,620,4452010Expenses 2011: $2,116,1242011Expenses 2012: $2,390,3322012Expenses 2013: $2,177,6492013Revenue 2014: $2,920,888Expenses 2014: $2,378,721Net Income 2014: $542,1672014Revenue 2015: $2,238,667Expenses 2015: $2,253,349Net Income 2015: -$14,6822015Revenue 2016: $2,465,824Expenses 2016: $2,350,200Net Income 2016: $115,6242016Revenue 2017: $2,928,398Expenses 2017: $2,633,966Net Income 2017: $294,4322017Revenue 2018: $3,081,953Expenses 2018: $2,709,663Net Income 2018: $372,2902018Revenue 2019: $2,996,029Expenses 2019: $2,723,662Net Income 2019: $272,3672019Revenue 2020: $3,917,351Expenses 2020: $2,854,678Net Income 2020: $1,062,6732020Revenue 2021: $5,242,677Expenses 2021: $4,588,182Net Income 2021: $654,4952021Revenue 2022: $5,592,004Expenses 2022: $4,463,775Net Income 2022: $1,128,2292022Revenue 2023: $4,954,371Expenses 2023: $3,922,311Net Income 2023: $1,032,0602023Revenue 2024: $1,461,786Expenses 2024: $1,498,964Net Income 2024: -$37,1782024

Highlighted filing

2024

Revenue$1,461,786
Expenses$1,498,964
Net Income-$37,178

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$3.19$10.9$1.46$1.50$0.04
2023Detailed filing. Detailed filing data is available for this year.$11.3$2.63$8.64$4.95$3.92$1.03
2022Detailed filing. Detailed filing data is available for this year.$10.4$2.79$7.61$5.59$4.46$1.13
2021Detailed filing. Detailed filing data is available for this year.$8.99$2.51$6.48$5.24$4.59$0.65
2020Detailed filing. Detailed filing data is available for this year.$8.32$2.49$5.83$3.92$2.85$1.06
2019Detailed filing. Detailed filing data is available for this year.$7.34$2.58$4.76$3.00$2.72$0.27
2018Detailed filing. Detailed filing data is available for this year.$7.26$2.77$4.49$3.08$2.71$0.37
2017Detailed filing. Detailed filing data is available for this year.$6.75$2.63$4.12$2.93$2.63$0.29
2016Detailed filing. Detailed filing data is available for this year.$6.05$2.23$3.82$2.47$2.35$0.12
2015Detailed filing. Detailed filing data is available for this year.$5.19$1.46$3.73$2.24$2.25$0.01
2014Detailed filing. Detailed filing data is available for this year.$5.59$1.85$3.74$2.92$2.38$0.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.81$1.61$3.20$2.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$1.79$3.41$2.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$1.67$2.87$2.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$1.03$2.22$1.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Dec 31, 2024
Signed
Aug 4, 2025
Return Version
2024v5.2
Gross Receipts
$1,475,768
Mission and Program Overview

Mission

Housing opportunities, inc. Provides housing for the homeless, helps families keep their homes and coaches sustainable lifestyles.

Housing Opportunities DBA CoAction resolves and prevents homelessness in Northwest Indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,101,539$9,436,166▲ $334,627
Other Notes and Loans Receivable, Net$3,344,788$3,247,307▼ $97,481
Accounts Receivable$8,924$437,109▲ $428,185
Savings and Temporary Cash Investments$202,718$234,989▲ $32,271
Pledges and Grants Receivable$98,411$179,954▲ $81,543
Cash and Non-Interest-Bearing Accounts$15,361$91,846▲ $76,485
Investments Other Securities$77,654$80,393▲ $2,739
Investments Program Related$279,342$56,392▼ $222,950
Prepaid Expenses and Deferred Charges$0$40,402▲ $40,402
Total Assets$13,663,573$14,134,657▲ $471,084
Other Assets Total$534,836$330,099▼ $204,737
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,751,478$1,800,002▲ $48,524
Other Liabilities$1,038,848$1,040,743▲ $1,895
Accounts Payable and Accrued Expenses$38,754$347,569▲ $308,815
Total Liabilities$2,829,080$3,188,314▲ $359,234
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,833,313$10,945,163▲ $111,850
Net Assets With Donor Restrictions$1,180$1,180→ $0
Total Net Assets Fund Balance$10,834,493$10,946,343▲ $111,850
Total Liabilities and Net Assets / Fund Balance$13,663,573$14,134,657▲ $471,084

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,701,739$1,776,554$6,478,293
Buildings$3,376,598$1,292,954$4,669,552
Land$1,357,805-$1,357,805
Equipment$24$13,942$13,966

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$77,652-▲ $3,267-$80,393
2023$68,465$1,504▲ $8,633-$77,652
2022$57,639$6,052▲ $6,354-$68,465
2021$56,398$10,173▼ $7,259-$57,639
2020$36,162$5,938▲ $14,936-$56,398
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jordan StanfillChief Housing OfficerPT$133,926$133,926

Board Members and Trustees

NameTitle
Jim StarinChair
Jennifer TrowbridgePresident/Chief Executive
Ben SchottelDirector
Julie AndersonDirector
Jonathan EdwardsChief Financial Officer
Maria BecerraSecretary
Mary IdsteinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Northwest Indiana Community Action CorpStaffing Services5240 Fountain Dr, Crown Point, IN 46307$748,465
Prominence Commons LPGrant Expenses2001 Calumet Ave, Valparaiso, IN 46383$107,564
Revenue and Support

Revenue Composition

Contributions and Grants
$968,043
Program Service Revenue
$423,312
Investment Income
$70,229
Other Revenue
$202
All Other Contributions
$111,070
Change in Net Assets
$-37,178

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory10,000$19,500Fair Market Value (FMV)
Other Non Cash Contri Table200$7,457Fair Market Value (FMV)
Total Noncash Contributions10,200$26,957-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$898,964
Salaries, Compensation, and Employee Benefits$535,622
Grants and Similar Amounts Paid$64,378
Total Fundraising Expense$24,633
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$434,006$85,000$16,616$535,622
Occupancy$294,305$2,007$2,211$298,523
Depreciation Depletion$254,205--$254,205
Interest$80,277$2,763$873$83,913
Grants to Domestic Individuals$64,378--$64,378
Fees for Services Other$31,814$1,356$76$33,246
Insurance$23,982$5,121$196$29,299
Information Technology$8,962-$3,536$12,498
Fees for Services Accounting$10,470$60$720$11,250
Other Expenses$6,288$4,507-$10,795
Travel$2,480$8,106$4$10,590
Office Expenses$6,401-$401$6,802
Total Functional Expenses$1,365,391$108,940$24,633$1,498,964
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$987,550
Security Deposits$53,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

Effective August 1, 2023 the organization's sole member is Northwest Indiana Community Action Corporation.

Form 990, Part VI, Section A, line 7A

Northwest Indiana Community Action Corporation will appoint the board of directors.

Form 990, Part VI, Section B, line 11B

Form 990 is reviewed by the Director of Finance, CEO, and Finance Committee prior to filing

Form 990, Part VI, Section B, line 12C

The governance committee is to be notified at board meeting of any conflict of interest matters. Should a potential conflict arise, the governance committee will meet and review the matter to ensure that all conflicts are clearly presented and that the policy is followed. All board members and employees sign a duality of interest disclosure annually.

Form 990, Part VI, Section B, line 15

Housing Opportunities has no employees as the organization merged with Northwest Indiana Community Action Corporation effective August 1, 2023. All former HO staff are now employees of NWICA.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Housing Opportunities Inc
EIN
35-1965214
Phone
2195482800
Address
2001 Calumet Ave, Valparaiso, IN 46383
Doing Business As
Coaction

Signing Officer

Name
Jonathan Edwards
Title
Chief Financial Officer
Phone
2195482800
Signed
2025-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Trowbridge
Formed
2000
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Barnes Dennig & Co LTD
Address
8470 Allison Pointe Blvd Suite 200, Indianapolis, IN 46250
Preparer
Paula Hume
Phone
3175721130
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

No changes in process from the prior year.

Financial Statement Notes

Part V, Line 4:

We intend to hold the investments for the long term and use them to sustain the mission of the organization.

Part X, Line 2:

The organization is exempt from the income taxes under the provisions of the Internal Revenue Code Section 501(c)(3) and a similar provision of Indiana law. HOI-Prominence Commons LLC, Appleseed Holdings, LLC, HOI-Prominence Commons II, LLC and HOI-Ivy Flats LLC, are whollyowned subsidiaries and for tax purposes are treted as disregarded entities and are included on the Organization's tax returns. Management believes that the Organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities.

Raw XML AppendixShowing 400 of 716 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Mary Idstein
IRS990/Form990PartVIISectionAGrp/PersonNm2Maria Becerra
IRS990/Form990PartVIISectionAGrp/PersonNm3Ben Schottel
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IRS990/Form990PartVIISectionAGrp/PersonNm5Jordan Stanfill
IRS990/Form990PartVIISectionAGrp/PersonNm6Jonathan Edwards
IRS990/Form990PartVIISectionAGrp/PersonNm7Jennifer Trowbridge
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chief Housing Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt7President/Chief Executive
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IRS990/MissionDesc0Housing Opportunities DBA CoAction works to resolve and prevent homelessness in our communities by providing emergency housing, permanent supportive housing, affordable rentals, rental assistance, housing counseling, street outreach services, and supportive case management.
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040402
IRS990/PrincipalOfficerNm0Jennifer Trowbridge
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IRS990/ProgramServiceRevenueGrp/Desc0Property Management
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0423312
IRS990/ProgSrvcAccomActy2Grp/Desc0Permanent Supportive Housing - Supportive rental housing and individualized case management services for persons/families with diagnosed disabilities. 148 clients were housed during the six months 7/1/24 to 12/31/24. Housing Opportunities DBA CoAction owned and/or managed 67 Permanent Supportive Housing units as 12/31/24.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0418110
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt039275
IRS990/ProgSrvcAccomActy3Grp/Desc0Homeless Resources - We provide emergency housing and supportive wraparound services for individuals and families experiencing homelessness. Resource center offers showers, laundry, kitchen, food pantry, lockers, access to phone and computers, along with case management services. 158 clients were housed during the six months 7/1/24 to 12/31/24.With our Street Outreach program, we provide direct connection and resource support for persons experiencing homelessness. Services include access to our resource center, connection to community resources, and personal support. 36 clients were served during the six months 7/1/24 to 12/31/24.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0194223
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Rental Assistance (Rapid Rehousing) - Financial assistance and services to prevent individuals and families from becoming homeless or to help those who are experiencing homelessness to be quickly re-housed and stabilized in rental units within the community. Housing Opportunities, Inc DBA CoAction housed 48 Rental Assistance clients during the six months 7/1/24 to 12/31/24.
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IRS990/PYOtherRevenueAmt018163
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0234989
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Miscellaneous - 2020 Amount: $ 5,588. 2023 Amount: $ 18,163. 2024 Amount: $ 202. Sales Tax Refund - 2020 Amount: $ 16,258.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Part II, column 2024, is a short period from July 1, 2024 to December 31, 2024.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part II, Short Year Explanation:
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt024

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