Civic Intelligence

Housing Options Inc.

990 • Fiscal year 2021 • EIN 54-1872246

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 12, 2022

Organization ProfileN/A
PO Box 1427Glen Allen, VA 23060

(804) 467-1431

Siviq Scores

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

Liabilities / Assets

50th percentile

0.07x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.45x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

75th percentile

32%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

33rd percentile

2.2%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

21%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$1,278,779

Up $27,678 (+2.2%) from 2020

Net Assets

Up

$1,193,547

Up $59,938 (+5.3%) from 2020

Liabilities

Down

$85,232

Down $32,260 (-27%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin75th percentile

Revenue

Up

$189,009

Up $32,907 (+21%) from 2020

Expenses

Up

$129,071

Up $21,737 (+20%) from 2020

Net Income

Up

$59,938

Up $11,170 (+23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,138,523Liabilities 2011: $333,552Net Assets 2011: $804,9712011Assets 2012: $1,049,106Liabilities 2012: $155,370Net Assets 2012: $893,7362012Assets 2013: $1,057,838Liabilities 2013: $126,367Net Assets 2013: $931,4712013Assets 2014: $1,054,248Liabilities 2014: $101,201Net Assets 2014: $953,0472014Assets 2015: $1,328,449Liabilities 2015: $375,613Net Assets 2015: $952,8362015Assets 2016: $1,258,094Liabilities 2016: $265,559Net Assets 2016: $992,5352016Assets 2017: $1,253,410Liabilities 2017: $225,152Net Assets 2017: $1,028,2582017Assets 2018: $1,230,746Liabilities 2018: $189,988Net Assets 2018: $1,040,7582018Assets 2019: $1,238,501Liabilities 2019: $153,660Net Assets 2019: $1,084,8412019Assets 2020: $1,251,101Liabilities 2020: $117,492Net Assets 2020: $1,133,6092020Assets 2021: $1,278,779Liabilities 2021: $85,232Net Assets 2021: $1,193,5472021Assets 2022: $1,292,339Liabilities 2022: $61,762Net Assets 2022: $1,230,5772022Assets 2023: $1,303,509Liabilities 2023: $41,906Net Assets 2023: $1,261,6032023Assets 2024: $1,337,879Liabilities 2024: $40,467Net Assets 2024: $1,297,4122024

Highlighted filing

2021

Assets$1,278,779
Liabilities$85,232
Net Assets$1,193,547
Open 2021 Filing

Operations Trend

Revenue Growth59th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $148,222Expenses 2011: $111,317Net Income 2011: $36,9052011Revenue 2012: $190,106Expenses 2012: $101,341Net Income 2012: $88,7652012Expenses 2013: $89,1432013Revenue 2014: $116,061Expenses 2014: $100,158Net Income 2014: $15,9032014Revenue 2015: $126,748Expenses 2015: $127,968Net Income 2015: -$1,2202015Revenue 2016: $158,288Expenses 2016: $125,422Net Income 2016: $32,8662016Revenue 2017: $170,110Expenses 2017: $138,232Net Income 2017: $31,8782017Revenue 2018: $141,255Expenses 2018: $128,254Net Income 2018: $13,0012018Revenue 2019: $147,398Expenses 2019: $100,219Net Income 2019: $47,1792019Revenue 2020: $156,102Expenses 2020: $107,334Net Income 2020: $48,7682020Revenue 2021: $189,009Expenses 2021: $129,071Net Income 2021: $59,9382021Revenue 2022: $173,515Expenses 2022: $136,485Net Income 2022: $37,0302022Revenue 2023: $180,246Expenses 2023: $149,220Net Income 2023: $31,0262023Revenue 2024: $183,772Expenses 2024: $147,963Net Income 2024: $35,8092024

Highlighted filing

2021

Revenue$189,009
Expenses$129,071
Net Income$59,938
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 12, 2022
Return Version
2020v4.1
Gross Receipts
$189,009
Mission and Program Overview

Mission

We provide housing for individuals with intellectual disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,138,599$1,088,220▼ $50,379
Savings and Temporary Cash Investments$26,288$97,796▲ $71,508
Cash and Non-Interest-Bearing Accounts$81,809$81,365▼ $444
Accounts Receivable$1,403$8,396▲ $6,993
Total Assets$1,251,101$1,278,779▲ $27,678
Other Assets Total$3,002$3,002→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$113,358$81,058▼ $32,300
Other Liabilities$3,002$3,002→ $0
Accounts Payable and Accrued Expenses$1,132$1,172▲ $40
Total Liabilities$117,492$85,232▼ $32,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,133,609$1,193,547▲ $59,938
Total Net Assets Fund Balance$1,133,609$1,193,547▲ $59,938
Total Liabilities and Net Assets / Fund Balance$1,251,101$1,278,779▲ $27,678

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$722,981$659,203$1,382,184
Other Land Buildings$48,246$302,710$350,956
Land$316,993-$316,993
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Tom KirkupPresident
Frederick G KraegelBoard Member
Malcolm ChristianBoard Member
Ronald M GrignolBoard Member
Terry ShermanExecutive Director
George ElmoreSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,098
Other Revenue
$186,911
Change in Net Assets
$59,938

Audited Revenue Reconciliation

Revenue per Audited Statements
$189,009
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$189,009
Total Revenue per Form 990
$189,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$60,779--$60,779
Fees for Services Accounting$4,400$9,600-$14,000
Insurance$8,877--$8,877
Office Expenses-$276-$276
Other Expenses$460$35-$35
Travel-$34-$34
Total Functional Expenses$119,126$9,945$0$129,071

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$129,071
Total Expenses per Audited Statements$129,071
Total Expenses per Form 990$129,071
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Other Liabilities$3,002
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Housing Options' Board members recommend persons for consideration for the Housing Options' Board to the Henrico County Community Service Board for approval for Board membership.”

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

“The Board of Directors reviews the Form 990 before submitting it.”

Form 990, Part VI, Section B, line 12

“Housing Options Inc has a policy requiring Board members to submit a statement disclosing any conflicts of interest.”

Form 990, Part VI, Section B, line 15

“The Board determines the Executive Director's remuneration annually.”

Form 990, Part VI, Section C, line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Housing Options Inc
EIN
54-1872246
Phone
8044671431
Address
PO Box 1427, Glen Allen, VA 23060

Signing Officer

Name
Terry Sherman
Title
Executive Director
Phone
8044671431
Signed
2022-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas J Kirkup
Formed
1997
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Pilc & Moseley LLC
Address
4312 Grove Avenue, Richmond, VA 23221
Preparer
Ellen A Moseley
Phone
8049188490
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Housing Options, Inc. evaluates uncertainty in income tax positons based on a more-likely-than-not recognition standard, effective January 1, 2010, with adoption of ASC 740-10. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon settlement. There was no impact on the financial statements caused by the adoption of the revised standard for uncertain tax positions. If applicable, HOI records interest and penalty as a component of income tax expense. Tax years from 2017 remain open for examination by tax authorities.”

Raw XML Appendix372 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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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0189009
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Housing Options, Inc. evaluates uncertainty in income tax positons based on a more-likely-than-not recognition standard, effective January 1, 2010, with adoption of ASC 740-10. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon settlement. There was no impact on the financial statements caused by the adoption of the revised standard for uncertain tax positions. If applicable, HOI records interest and penalty as a component of income tax expense. Tax years from 2017 remain open for examination by tax authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01088220
IRS990ScheduleD/TotalExpensesPerForm990Amt0129071
IRS990ScheduleD/TotalLiabilityAmt03002
IRS990ScheduleD/TotalRevenuePerForm990Amt0189009
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0189009
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0129071
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Housing Options' Board members recommend persons for consideration for the Housing Options' Board to the Henrico County Community Service Board for approval for Board membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors reviews the Form 990 before submitting it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Housing Options Inc has a policy requiring Board members to submit a statement disclosing any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board determines the Executive Director's remuneration annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01251101
IRS990/TotalAssetsEOYAmt01278779
IRS990/TotalAssetsGrp/BOYAmt01251101
IRS990/TotalAssetsGrp/EOYAmt01278779
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09945
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0119126
IRS990/TotalFunctionalExpensesGrp/TotalAmt0129071
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0117492
IRS990/TotalLiabilitiesEOYAmt085232
IRS990/TotalLiabilitiesGrp/BOYAmt0117492
IRS990/TotalLiabilitiesGrp/EOYAmt085232
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01133609
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01193547
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0119126
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02098
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0186911
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0189009
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01251101
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01278779
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt034
IRS990/TravelGrp/TotalAmt034
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1427
IRS990/USAddress/CityNm0Glen Allen
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023060
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Terry Sherman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08044671431
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Housing Options Inc
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
ReturnHeader/Filer/EIN0541872246
ReturnHeader/Filer/PhoneNum08044671431
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1427
ReturnHeader/Filer/USAddress/CityNm0Glen Allen
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023060
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201826687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Pilc & Moseley LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04312 Grove Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Richmond
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023221
ReturnHeader/PreparerPersonGrp/PhoneNum08049188490
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ellen A Moseley
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-02-05T13:54:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Terry
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Sherman
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,278,779
Liabilities
$85,232
Net assets
$1,193,547
Revenue
$189,009
Expenses
$129,071
Net income
$59,938
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.04$1.30$0.18$0.15$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.04$1.26$0.18$0.15$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.29$0.06$1.23$0.17$0.14$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.09$1.19$0.19$0.13$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.12$1.13$0.16$0.11$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.15$1.08$0.15$0.10$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.19$1.04$0.14$0.13$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.23$1.03$0.17$0.14$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.26$0.27$0.99$0.16$0.13$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.38$0.95$0.13$0.13$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.10$0.95$0.12$0.10$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.13$0.93$0.09
2012Summary only. Only limited summary data is available for this year.$1.05$0.16$0.89$0.19$0.10$0.09
2011Summary only. Only limited summary data is available for this year.$1.14$0.33$0.80$0.15$0.11$0.04
Peer Organizations

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