Civic Intelligence

Housing Resources Inc.

990 • Fiscal year 2013 • EIN 38-2474879

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 17, 2014

420 E AlcottRoom/Suite 200Kalamazoo, MI 49001

(269) 382-0287

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

22nd percentile

0.05x

Higher debt load relative to revenue than 22% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

45th percentile

$98,201

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

59th percentile

5.3%

Faster asset growth than 59% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$6,194,409

Up $309,555 (+5.3%) from 2012

Net Assets

Up

$5,997,013

Up $767,796 (+15%) from 2012

Liabilities

Down

$197,396

Down $458,241 (-70%) from 2012

Revenue

$3,958,110

No earlier filing loaded for comparison.

Expenses

Up

$3,363,441

Up $466,632 (+16%) from 2012

Net Income

$594,669

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $4,764,150Liabilities 2010: $716,167Net Assets 2010: $4,047,9832010Assets 2011: $4,563,475Liabilities 2011: $126,151Net Assets 2011: $4,437,3242011Assets 2012: $5,884,854Liabilities 2012: $655,637Net Assets 2012: $5,229,2172012Assets 2013: $6,194,409Liabilities 2013: $197,396Net Assets 2013: $5,997,0132013Assets 2014: $6,305,711Liabilities 2014: $118,264Net Assets 2014: $6,187,4472014Assets 2015: $6,220,284Liabilities 2015: $96,052Net Assets 2015: $6,124,2322015Assets 2016: $6,479,254Liabilities 2016: $110,546Net Assets 2016: $6,368,7082016Assets 2017: $6,889,095Liabilities 2017: $123,907Net Assets 2017: $6,765,1882017Assets 2018: $6,800,802Liabilities 2018: $151,178Net Assets 2018: $6,649,6242018Assets 2019: $6,379,000Liabilities 2019: $96,708Net Assets 2019: $6,282,2922019Assets 2020: $7,409,707Liabilities 2020: $446,832Net Assets 2020: $6,962,8752020Assets 2021: $11,093,824Liabilities 2021: $3,358,928Net Assets 2021: $7,734,8962021Assets 2022: $10,872,162Liabilities 2022: $3,631,696Net Assets 2022: $7,240,4662022Assets 2023: $8,117,936Liabilities 2023: $1,120,569Net Assets 2023: $6,997,3672023Assets 2024: $8,859,004Liabilities 2024: $2,179,050Net Assets 2024: $6,679,9542024

Highlighted filing

2013

Assets$6,194,409
Liabilities$197,396
Net Assets$5,997,013

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $3,234,0162010Expenses 2011: $2,566,5672011Expenses 2012: $2,896,8092012Revenue 2013: $3,958,110Expenses 2013: $3,363,441Net Income 2013: $594,6692013Revenue 2014: $3,109,508Expenses 2014: $2,897,477Net Income 2014: $212,0312014Revenue 2015: $2,914,650Expenses 2015: $2,910,137Net Income 2015: $4,5132015Revenue 2016: $3,004,680Expenses 2016: $2,779,288Net Income 2016: $225,3922016Revenue 2017: $3,628,213Expenses 2017: $3,288,654Net Income 2017: $339,5592017Revenue 2018: $3,380,431Expenses 2018: $3,373,089Net Income 2018: $7,3422018Revenue 2019: $3,537,029Expenses 2019: $4,141,077Net Income 2019: -$604,0482019Revenue 2020: $5,667,348Expenses 2020: $5,266,991Net Income 2020: $400,3572020Revenue 2021: $28,113,535Expenses 2021: $27,588,523Net Income 2021: $525,0122021Revenue 2022: $25,943,577Expenses 2022: $25,928,274Net Income 2022: $15,3032022Revenue 2023: $4,067,336Expenses 2023: $4,637,598Net Income 2023: -$570,2622023Revenue 2024: $2,856,824Expenses 2024: $3,323,913Net Income 2024: -$467,0892024

Highlighted filing

2013

Revenue$3,958,110
Expenses$3,363,441
Net Income$594,669
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 17, 2014
Return Version
2013v3.1
Gross Receipts
$4,166,261
Mission and Program Overview

Mission

To assure housing for socially and economically vulnerable residents of kalamazoo county.

To assure housing for socially and economically vulnerable residents of kalamazoo county

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,879,935$2,375,173▲ $495,238
Investments Other Securities$1,394,242$2,267,517▲ $873,275
Prepaid Expenses and Deferred Charges$809,334$583,484▼ $225,850
Pledges and Grants Receivable$566,870$554,327▼ $12,543
Cash and Non-Interest-Bearing Accounts$822,060$514,452▼ $307,608
Land, Buildings, and Equipment, Net$412,413$-100,544▼ $512,957
Total Assets$5,884,854$6,194,409▲ $309,555
Liabilities
Other Liabilities$514,443$84,408▼ $430,035
Deferred Revenue$115,377$78,353▼ $37,024
Accounts Payable and Accrued Expenses$25,817$34,635▲ $8,818
Total Liabilities$655,637$197,396▼ $458,241
Net Assets / Fund Balance
Unrestricted Net Assets$4,767,083$5,678,780▲ $911,697
Temporarily Rstr Net Assets$462,134$318,233▼ $143,901
Total Net Assets Fund Balance$5,229,217$5,997,013▲ $767,796
Total Liabilities and Net Assets / Fund Balance$5,884,854$6,194,409▲ $309,555

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$-135,902$413,784$277,882
Land$35,358-$35,358
Investment Program Related Org$100--
Other Securities$744,251--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$621,176-▲ $135,242-$744,251
2012$576,694-▲ $83,196-$621,176
2011$631,631-▼ $16,240-$576,694
2010$579,593$9,400▲ $46,357-$631,631
2009$457,859-▲ $125,958-$579,593
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle DavisExec DirectoFT$91,800$6,401$98,201
Revenue and Support

Revenue Composition

Contributions and Grants
$2,616,658
Program Service Revenue
$1,070,405
Investment Income
$105,872
Other Revenue
$165,175
All Other Contributions
$975,837
Change in Net Assets
$594,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,958,110
Revenue Not Reported on Form 990
$117,908
Total Revenue per Audited Statements
$4,076,018
Total Revenue per Form 990
$3,958,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,083,549
Salaries, Compensation, and Employee Benefits$1,279,892
Total Fundraising Expense$32,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$866,247$133,719$13,732$1,013,698
Other Employee Benefits$158,196$5,097$836$164,129
Occupancy$114,881$17,318-$132,199
Fees for Services Other$81,350$15,197$1,181$97,728
Payroll Taxes$64,911$23,404$1,033$89,348
Fees for Services Accounting$38,747$39,526-$78,273
Office Expenses$32,609$17,228$10,997$60,834
Depreciation Depletion$32,785$17,924-$50,709
Insurance$18,856$9,274-$28,130
Other Expenses$56,406$23,156-$23,156
Conferences and Meetings$10,781$9,215$218$20,214
Pension Plan Contributions$9,921$2,500$296$12,717
Advertising--$2,532$2,532
Interest-$2,290-$2,290
All Other Expenses$817-$1,238$2,055
Travel$18--$18
Total Functional Expenses$3,012,847$318,531$32,063$3,363,441

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,363,441
Total Expenses per Audited Statements$3,308,222
Expenses per Audited Statements$3,256,162
Expenses Not Reported on Financial Statements$107,279
Other Expense Adjustments$107,279
Expenses Not Reported on Form 990$52,060
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$165,175
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$100,537$100,537-$100,537
Event 2$64,638$64,638-$64,638
Total Events$165,175$165,175-$165,175
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$52,348
Accrued Vacation$31,538
Accrued Expenses$522
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 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
No
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, Page 6, Part VI, Line 11B

Once the 990 has been completed, a draft form will be presented to the finance committee for review and approval. The 990 is available to any member of the board of directors.

Form 990, Page 6, Part VI, Line 12C

Annually each board member and staff member will complete a conflict of interest form. This information is then compiled into a spreadsheet where it is referenced at each board meeting. Any conflicts are noted at that time.

Form 990, Page 6, Part VI, Line 15A

Compensation process for top official salary levels are reviewed annually and adjustments are made as necessary. All salary recommendations are reviewed by the executive director prior to personnel/finance committee approval. Discussions should not be held with or commitments made to employees on any salary action until after the recommendations have been properly approved.

Form 990, Page 6, Part VI, Line 19

Documents available upon request

Filing and Contact Details

Filer

EIN
38-2474879
Phone
2693820287

Signing Officer

Name
Claudia Wink-basing
Title
President
Phone
2693820287
Signed
2014-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudia Wink-basing
Formed
1982
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
48
Volunteers
300

Preparer

Preparer
Jack a Ullrey
Phone
2693825027
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Centralized intake and assessment: hri is the community's primary clearinghouse for housing solutions offering a centralized process to assist homeless or at-risk households. Hri works with community partners to leverage and coordinate community resources to ensure effective shelter diversion and rapid re-housing. Hri in conjunction with gryphon place 2-1 -1 prioritize households based on the severity of their housing crisis, and determines the most appropriate response for the situation presented. Specific housing assessment and resource agency activities include: "arranging, coordinating, linking and monitoring the delivery of services that assist participants to obtain and sustain housing stability; "monitoring program participant progress, "assuring that the rights of participants are protected, "developing individual housing plans, and "housing search and placement activities. Homeless prevention: hri is kalamazoo county's lead private agency focusing on reducing evictions for low income residents. Hri plays a central role in the kalamazoo county eviction diversion partnership offering on-site services at the court and financial resources to avoid homelessness and reoccurrence of eviction. This truly unique collaborative brings together landlords, tenants, support services and the courts within a seamless process to preserve existing housing whenever possible. Services include the co-location of staff at the 8th district court, weekly community housing hour and county-wide central intake and assessment process, in addition to the ongoing benefits of being located in the goodwill human services campus. Rapid re-housing: hri has a long standing commitment to rapidly exit homeless households from a shelter or unsustainable housing situation to new housing in the hopes of eliminating repeat episodes of homelessness. Given the complex needs of these vulnerable households more intensive intervention is provided for up to eighteen months in support of transition to independence. Permanent supportive housing: providing 54 scattered-site rental units for homeless families where the head of household has a long term disability. A permanent rental housing subsidy provides participants with ongoing supportive services. Clients establish individual goals and work toward accomplishing them with assistance with hri staff and partnering agencies. With financial pressures reduced, participants are provided a constructive and supportive environment to increase the skills and emotional stability needed to build independent lives. For families chronically vulnerable to housing instability and repeat episodes of homelessness the combination of permanent, versus temporary, housing subsidies and supportive services is very effective.

Form 990, Page 2, Part III, Line 4B

House is complete with meals, community areas, resident telephone, laundry facilities, resident computer and children's play area. Residents work to resolve their housing crisis by developing and implementing homeless resolution action plans. Staff provides resources to residents such as casework services, housing search and community referrals. Staff pursues and maintains strong working relationships with mainstream service providers such as the department of human services, local public school districts, community mental health and other providers of shelter services on behalf of residents.

Form 990, Part XI, Line 9

Loss on sale of assets -23,156 fundraising expenses net on audit -84,123 loss on disposal of assets 23,156 fundraising expenses net on audit 84,123

Financial Statement Notes

Schedule D, Page 3, Part X

Income taxes housing resources, inc., and kalamazoo area housing corporation are exempt from federal income tax under section 501(c)(3) of the internal revenue code. Rickman house preservation low-income nonprofit housing corporation, rosewood nonprofit housing corporation, family nonprofit housing corporation and summit park nonprofit housing corporation are taxable entities under the internal revenue code. A provision for income taxes has not been provided due to operating loss carryovers on all of the corporations except for rickman house preservation low-income nonprofit housing corporation. During 2012, rickman house had a one-time sale of their historic tax credits which caused a taxable event, and federal and state taxes of 514,216 were accrued and paid for 2012. Income taxes on earnings of rickman house limited dividend housing association limited partnership, pinehurst limited dividend housing association limited partnership and summit park limited dividend housing association limited partnership are payable personally by the partners and accordingly are not reflected in the combined financial statements. The organization has adopted fasb interpretation no. 48 "accounting for uncertainty in income taxes - an interpretation of fasb statement 109," (fasb asc 740-10"). This pronouncement seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The organization had no uncertain tax positions for the years ended december 31, 2013 and there are no open tax years under examination as of december 31, 2013.

Schedule D, Page 4, Part XI, Line 2D

Loss on sale of assets -23,156 fundraising expenses net on audit -84,123

Schedule D, Page 4, Part XII, Line 4B

Loss on disposal of assets 23,156 fundraising expenses net on audit 84,123

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IRS990/Desc0THE HRI HOUSING STABILIZATION PROGRAM, DESIGNS AND DELIVERS SERVICES FOR HOUSEHOLDS OVERWHELMED BY PERSONAL OR ECONOMIC CRISIS. PROGRAM STAFF COLLABORATES WITH OTHER RELATED COMMUNITY AGENCIES IN ORDER TO SUSTAIN AFFORDABLE HOUSING IN KALAMAZOO COUNTY. HRI WAS SELECTED BY LOCAL FUNDERS AND SERVICE PROVIDERS ALIKE TO PERFORM THE ROLE OF LEAD HOUSING AGENCY AND FIDUCIARY FOR KALAMAZOO COUNTY. THIS REQUIRES HRI TO ACT AS PRIMARY HOUSING AGENT, ALLOCATE AND MONITOR FUNDING RECEIVED ON BEHALF OF THE ENTIRE COMMUNITY. WITHOUT HRIS ABILITY TO FULFILL THIS ROLE, SEVERAL MILLION DOLLARS IN FUNDING TO OUR COMMUNITY WOULD BE LOST AND REDIRECTED TO OTHER COMMUNITIES ACROSS MICHIGAN. HRI PROVIDES: CENTRALIZED INTAKE AND ASSESSMENT: HRI IS THE COMMUNITY'S PRIMARY CLEARINGHOUSE FOR HOUSING SOLUTIONS OFFERING A CENTRALIZED PROCESS TO ASSIST HOMELESS OR AT-RISK HOUSEHOLDS. HRI WORKS WITH COMMUNITY PARTNERS TO LEVERAGE AND COORDINATE COMMUNITY RESOURCES TO ENSURE EFFECTIVE SHELTER DIVERSION AND RAPID RE-HOUSING. HRI IN CONJUNCTION WITH GRYPHON PLACE 2-1 -1 PRIORITIZE HOUSEHOLDS BASED ON THE SEVERITY OF THEIR HOUSING CRISIS, AND DETERMINES THE MOST APPROPRIATE RESPONSE FOR THE SITUATION PRESENTED. SPECIFIC HOUSING ASSESSMENT AND RESOURCE AGENCY ACTIVITIES INCLUDE: "ARRANGING, COORDINATING, LINKING AND MONITORING THE DELIVERY OF SERVICES THAT ASSIST PARTICIPANTS TO OBTAIN AND SUSTAIN HOUSING STABILITY; "MONITORING PROGRAM PARTICIPANT PROGRESS, "ASSURING THAT THE RIGHTS OF PARTICIPANTS ARE PROTECTED, "DEVELOPING INDIVIDUAL HOUSING PLANS, AND "HOUSING SEARCH AND PLACEMENT ACTIVITIES. HOMELESS PREVENTION: HRI IS KALAMAZOO COUNTY'S LEAD PRIVATE AGENCY FOCUSING ON REDUCING EVICTIONS FOR LOW INCOME RESIDENTS. HRI PLAYS A CENTRAL ROLE IN THE KALAMAZOO COUNTY EVICTION DIVERSION PARTNERSHIP OFFERING ON-SITE SERVICES AT THE COURT AND FINANCIAL RESOURCES TO AVOID HOMELESSNESS AND REOCCURRENCE OF EVICTION. THIS TRULY UNIQUE COLLABORATIVE BRINGS TOGETHER LANDLORDS, TENANTS, SUPPORT SERVICES AND THE COURTS WITHIN A SEAMLESS PROCESS TO PRESERVE EXISTING HOUSING WHENEVER POSSIBLE. SERVICES INCLUDE THE CO-LOCATION OF STAFF AT THE 8TH DISTRICT COURT, WEEKLY COMMUNITY HOUSING HOUR AND COUNTY-WIDE CENTRAL INTAKE AND ASSESSMENT PROCESS, IN ADDITION TO THE ONGOING BENEFITS OF BEING LOCATED IN THE GOODWILL HUMAN SERVICES CAMPUS. RAPID RE-HOUSING: HRI HAS A LONG STANDING COMMITMENT TO RAPIDLY EXIT HOMELESS HOUSEHOLDS FROM A SHELTER OR UNSUSTAINABLE HOUSING SITUATION TO NEW HOUSING IN THE HOPES OF ELIMINATING REPEAT EPISODES OF HOMELESSNESS. GIVEN THE COMPLEX NEEDS OF THESE VULNERABLE HOUSEHOLDS MORE INTENSIVE INTERVENTION IS PROVIDED FOR UP TO EIGHTEEN MONTHS IN SUPPORT OF TRANSITION TO INDEPENDENCE. PERMANENT SUPPORTIVE HOUSING: PROVIDING 54 SCATTERED-SITE RENTAL UNITS FOR HOMELESS FAMILIES WHERE THE HEAD OF HOUSEHOLD HAS A LONG TERM DISABILITY. A PERMANENT RENTAL HOUSING SUBSIDY PROVIDES PARTICIPANTS WITH ONGOING SUPPORTIVE SERVICES. CLIENTS ESTABLISH INDIVIDUAL GOALS AND WORK TOWARD ACCOMPLISHING THEM WITH ASSISTANCE WITH HRI STAFF AND PARTNERING AGENCIES. WITH FINANCIAL PRESSURES REDUCED, PARTICIPANTS ARE PROVIDED A CONSTRUCTIVE AND SUPPORTIVE ENVIRONMENT TO INCREASE THE SKILLS AND EMOTIONAL STABILITY NEEDED TO BUILD INDEPENDENT LIVES. FOR FAMILIES CHRONICALLY VULNERABLE TO HOUSING INSTABILITY AND REPEAT EPISODES OF HOMELESSNESS THE COMBINATION OF PERMANENT, VERSUS TEMPORARY, HOUSING SUBSIDIES AND SUPPORTIVE SERVICES IS VERY EFFECTIVE.
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IRS990/Form990PartVIISectionAGrp/PersonNm14CHERYL JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHELLE DAVIS
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IRS990/MissionDesc0TO ASSURE HOUSING FOR SOCIALLY AND ECONOMICALLY VULNERABLE RESIDENTS OF KALAMAZOO COUNTY
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IRS990/OtherExpensesGrp/Desc1ESTIMATED IMPAIRMENT
IRS990/OtherExpensesGrp/Desc2OTHER ADMIN EXP
IRS990/OtherExpensesGrp/Desc3LOSS ON SALE OF ASSETS
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IRS990/PrincipalOfficerNm0CLAUDIA WINK-BASING
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE HRI ELEANOR HOUSE FAMILY SHELTER FOCUSES ON RAPIDLY RE-HOUSING KALAMAZOO COUNTY HOMELESS FAMILIES WITH CHILDREN. AS A GATEWAY TO THE HRI SERVICE CONTINUUM, THE ELEANOR HOUSE ASSISTS HRI IN FULFILLING ITS MISSION OF ASSURING HOUSING FOR SOCIALLY AND ECONOMICALLY VULNERABLE RESIDENTS OF KALAMAZOO COUNTY. IT PROVIDES AROUND THE CLOCK, 24 HOUR STAFFING, 365 DAYS A YEAR, MAKING THE FACILITY ACCESSIBLE TO FAMILIES WHO NEED SHELTER DURING EVENINGS, WEEKENDS OR HOLIDAYS. THE ELEANOR HOUSE SPECIALIZES IN SERVING TWO PARENT FAMILIES, AND MALE-HEADED HOUSEHOLDS, IN ADDITION TO THE MORE COMMON FEMALE-HEADED HOUSEHOLD. THE ELEANOR HOUSE PROVIDES A HOME-LIKE ATMOSPHERE WHERE FAMILIES CAN REGAIN THEIR FOOTING AND SEEK SOLUTIONS TO THEIR HOUSING CRISIS BY STAYING TOGETHER AS A FAMILY UNIT. THE ELEANOR HOUSE IS COMPLETE WITH MEALS, COMMUNITY AREAS, RESIDENT TELEPHONE, LAUNDRY FACILITIES, RESIDENT COMPUTER AND CHILDREN'S PLAY AREA. RESIDENTS WORK TO RESOLVE THEIR HOUSING CRISIS BY DEVELOPING AND IMPLEMENTING HOMELESS RESOLUTION ACTION PLANS. STAFF PROVIDES RESOURCES TO RESIDENTS SUCH AS CASEWORK SERVICES, HOUSING SEARCH AND COMMUNITY REFERRALS. STAFF PURSUES AND MAINTAINS STRONG WORKING RELATIONSHIPS WITH MAINSTREAM SERVICE PROVIDERS SUCH AS THE DEPARTMENT OF HUMAN SERVICES, LOCAL PUBLIC SCHOOL DISTRICTS, COMMUNITY MENTAL HEALTH AND OTHER PROVIDERS OF SHELTER SERVICES ON BEHALF OF RESIDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0275390
IRS990/ProgSrvcAccomActy3Grp/Desc0PROPERTY SERVICES: IN ADDITION TO THE DIRECT SERVICE COMPONENT, HRI IS ALSO PARTNER IN OVER 244 UNITS OF LOW INCOME HOUSING TAX CREDIT (LIHTC). THIS PARTNERSHIP OVERSEES FOUR PROPERTIES TO ENSURE COMPLIANCE WITH LIHTC REGULATIONS, MSHDA PROJECT BASED VOUCHERS, FACILITY UPKEEP AND OVERALL PROPERTY MANAGEMENT FUNCTIONS. DIRECT PROPERTY MANAGEMENT IS OUTSOURCED TO AN EXPERIENCED AND WELL REPUTABLE THIRD PARTY PARTNER. MONTHLY ADMINISTRATION INCLUDES: OVERSIGHT OF PROPERTY FINANCIALS, ASSET MANAGEMENT, PROPERTY ENHANCEMENTS AND INSPECTIONS.
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0MISCELLANEOUS 50,002 DEVELOPERS FEES 2,395,582 PROGRAM REVENUES 103,139
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0744251
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03714
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0576694
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0621176

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.86$2.18$6.68$2.86$3.32$0.47
2023Detailed filing. Detailed filing data is available for this year.$8.12$1.12$7.00$4.07$4.64$0.57
2022Detailed filing. Detailed filing data is available for this year.$10.9$3.63$7.24$25.9$25.9$0.02
2021Detailed filing. Detailed filing data is available for this year.$11.1$3.36$7.73$28.1$27.6$0.53
2020Detailed filing. Detailed filing data is available for this year.$7.41$0.45$6.96$5.67$5.27$0.40
2019Detailed filing. Detailed filing data is available for this year.$6.38$0.10$6.28$3.54$4.14$0.60
2018Detailed filing. Detailed filing data is available for this year.$6.80$0.15$6.65$3.38$3.37$0.01
2017Detailed filing. Detailed filing data is available for this year.$6.89$0.12$6.77$3.63$3.29$0.34
2016Detailed filing. Detailed filing data is available for this year.$6.48$0.11$6.37$3.00$2.78$0.23
2015Detailed filing. Detailed filing data is available for this year.$6.22$0.10$6.12$2.91$2.91$0.00
2014Detailed filing. Detailed filing data is available for this year.$6.31$0.12$6.19$3.11$2.90$0.21
2013Detailed filing. Detailed filing data is available for this year.$6.19$0.20$6.00$3.96$3.36$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$0.66$5.23$2.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.56$0.13$4.44$2.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$0.72$4.05$3.23