Form 990 governing body review Part VI line 11
“Form 990 is reviewed by the executive director prior to signing.”
990 • Fiscal year 2021 • EIN 61-1060053
Scores are not available for this record yet.
Assets
Flat$4,376,906
Flat from 2021
Net Assets
Flat$2,946,406
Flat from 2021
Liabilities
Flat$1,430,500
Flat from 2021
Revenue
Flat$1,775,370
Flat from 2021
Expenses
Flat$1,695,871
Flat from 2021
Net Income
Flat$79,499
Flat from 2021
Low income/elderly housing
See Attached
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,731,454 | $2,975,855 | ▲ $244,401 |
| Rtn Earn Endowment Incm Other Fnds | $2,802,115 | $2,946,406 | ▲ $144,291 |
| Accounts Receivable | $1,158,516 | $954,924 | ▼ $203,592 |
| Savings and Temporary Cash Investments | $314,707 | $378,965 | ▲ $64,258 |
| Cash and Non-Interest-Bearing Accounts | $11,756 | $8,653 | ▼ $3,103 |
| Total Assets | $4,971,868 | $4,376,906 | ▼ $594,962 |
| Other Assets Total | $755,435 | $58,509 | ▼ $696,926 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $2,087,001 | $1,407,560 | ▼ $679,441 |
| Accounts Payable and Accrued Expenses | $63,043 | - | - |
| Other Liabilities | $19,709 | $22,940 | ▲ $3,231 |
| Total Liabilities | $2,169,753 | $1,430,500 | ▼ $739,253 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,802,115 | $2,946,406 | ▲ $144,291 |
| Total Liabilities and Net Assets / Fund Balance | $4,971,868 | $4,376,906 | ▼ $594,962 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $2,531,506 | $1,711,216 | $4,242,722 |
| Land | $444,349 | - | $444,349 |
| Name | Title |
|---|---|
| Greg Whitaker | Chairman |
| Berma Matthews | Director |
| Corey Terry | Director |
| Diane Watts | Director |
| Gwen Christian | Director |
| James Caudill | Director |
| Pete Broersma | Director |
| Seth Long | Executive Director |
| Dennis Fleming | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $913,014 |
| Salaries, Compensation, and Employee Benefits | $782,857 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $500,686 | - | - | $500,686 |
| Other Salaries and Wages | $475,567 | - | - | $475,567 |
| All Other Expenses | $120,492 | $38,779 | - | $159,271 |
| Depreciation Depletion | $99,744 | $42,747 | - | $142,491 |
| Pension Plan Contributions | $73,270 | $31,401 | - | $104,671 |
| Other Employee Benefits | $61,217 | $26,236 | - | $87,453 |
| Current Officers, Directors, Trustees, and Key Employees | - | $73,233 | - | $73,233 |
| Payroll Taxes | $29,353 | $12,580 | - | $41,933 |
| Insurance | $24,192 | - | - | $24,192 |
| Fees for Services Legal | - | $15,602 | - | $15,602 |
| Occupancy | - | $11,834 | - | $11,834 |
| Interest | - | $9,891 | - | $9,891 |
| Fees for Services Accounting | - | $9,364 | - | $9,364 |
| Office Expenses | - | $6,963 | - | $6,963 |
| Advertising | - | $351 | - | $351 |
| Total Functional Expenses | $1,416,890 | $278,981 | $0 | $1,695,871 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,695,871 |
| Total Expenses per Audited Statements | $1,695,871 |
| Total Expenses per Form 990 | $1,695,871 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Benefits | $13,481 |
| Deposits | $5,948 |
| Accrued Payroll and Taxes | $3,511 |
“Form 990 is reviewed by the executive director prior to signing.”
“Board members are required to report any instance of conflict of interest.Annual updated information concerning conflicts or potential conflictsare required to be furnished.”
“Any information the organization has with the exception of personal information of employees and clients is available to be inspected by the public during normal business hours with prior notice.”
“Schedule a Sections A,B and C were incorrect on the original return.This amendment corrects those amounts.”
“Audit adjustments $ 64,792”
“Job Materials $500,686”
“HOMES INC mission is to provide affordable housing as a major strategy of community revitalization that creates healthy community solutions in a region struggling with the effects of generational persistent poverty. HOMES Inc focuses on creating greater wealth through developing energy efficient housing, both homes for sale and for rent, and quality home repairs that reduce the cost of ownership. Combined with developing affordable housing solutions is HOMES INCs goal of enabling job creation and training through social enterprise activities such as solar systems installations, and other economic development solutions that generates greater wealth and vitality in our services region.”
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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|---|---|---|
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| IRS990/ActivityOrMissionDesc | 0 | See Attached |
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| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 120492 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 159271 |
| IRS990/AmendedReturnInd | 0 | X |
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| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | SETH LONG |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6066321717 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 65 BENTLEY AVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WHITESBURG |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 41858 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
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| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 11756 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 8653 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 73233 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 73233 |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYOtherExpensesAmt | 0 | 913014 |
| IRS990/CYOtherRevenueAmt | 0 | 622310 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1023652 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 79499 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 782857 |
| IRS990/CYTotalExpensesAmt | 0 | 1695871 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1775370 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 42747 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 99744 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 142491 |
| IRS990/Desc | 0 | Built and repaired energy efficient housing for low and middle income residents of southeast Kentucky. Provided rental housing for families needing short term housing or unable to purchase permanent housing. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
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| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 19 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9364 |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 15602 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | COREY TERRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | GREG WHITAKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BERMA MATTHEWS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | PETE BROERSMA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DIANE WATTS |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | EXECUTIVE DIR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1985 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/FSAuditedInd | 0 | true |
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| IRS990/GainOrLossGrp/OtherAmt | 0 | 69018 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GovernmentGrantsAmt | 0 | 47370 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
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| IRS990/GrossRentsGrp/RealAmt | 0 | 329137 |
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| IRS990/IndependentAuditFinclStmtInd | 0 | true |
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| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 13020 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2975855 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 4687071 |
| IRS990/LegalDomicileStateCd | 0 | KY |
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| IRS990/MinutesOfCommitteesInd | 0 | true |
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| IRS990/OtherChangesInNetAssetsAmt | 0 | 64792 |
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| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 61217 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 87453 |
| IRS990/OtherExpensesGrp/Desc | 0 | VEHICLE EXPENSE |
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| IRS990/OtherExpensesGrp/TotalAmt | 0 | 32369 |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 41933 |
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| IRS990/ProfessionalFundraisingInd | 0 | false |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | CONSTRUCTION INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | VOLUNTEER INCOME |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 40767 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
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| IRS990/PYOtherRevenueAmt | 0 | 224551 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1164342 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 184802 |
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| IRS990/PYTotalRevenueAmt | 0 | 1410041 |
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| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
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| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 3511 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 5948 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ACCRUED BENEFITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED PAYROLL AND TAXES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DEPOSITS |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Schedule a Sections A,B and C were incorrect on the original return.This amendment corrects those amounts. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Form 990 is reviewed by the executive director prior to signing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Board members are required to report any instance of conflict of interest.Annual updated information concerning conflicts or potential conflictsare required to be furnished. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Any information the organization has with the exception of personal information of employees and clients is available to be inspected by the public during normal business hours with prior notice. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | AUDIT ADJUSTMENTS $ 64,792 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Job Materials $500,686 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | HOMES INC mission is to provide affordable housing as a major strategy of community revitalization that creates healthy community solutions in a region struggling with the effects of generational persistent poverty. HOMES Inc focuses on creating greater wealth through developing energy efficient housing, both homes for sale and for rent, and quality home repairs that reduce the cost of ownership. Combined with developing affordable housing solutions is HOMES INCs goal of enabling job creation and training through social enterprise activities such as solar systems installations, and other economic development solutions that generates greater wealth and vitality in our services region. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Amended return information |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Explanation of other changes in net assets or fund balances Part XI line 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | List of other expenses Part IX line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | General explanation attachment |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1430500 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.