Civic Intelligence

Innovative Housing Solutions Foundation

990EZ • Fiscal year 2021 • EIN 83-2200729

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

Organization ProfileN/A
2132 Thrift Road Suite ACharlotte, NC 28208

(980) 314-3120

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Net Margin

86th percentile

49%

Higher net margin than 86% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2021 filings • NTEE L20 • <$500k nonprofits • Source year 2021

Asset Growth

63rd percentile

3.6%

Faster asset growth than 63% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-92%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$135,670

Up $4,670 (+3.6%) from 2020

Net Assets

Up

$135,670

Up $4,870 (+3.7%) from 2020

Liabilities

Down

$0

Down $200 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin86th percentile

Revenue

Down

$10,000

Down $121,000 (-92%) from 2020

Expenses

Up

$5,130

Up $4,930 (+2465%) from 2020

Net Income

Down

$4,870

Down $125,930 (-96%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$150K$100K$50K$0Assets 2020: $131,000Liabilities 2020: $200Net Assets 2020: $130,8002020Assets 2021: $135,670Liabilities 2021: $0Net Assets 2021: $135,6702021Assets 2022: $140,208Liabilities 2022: $189Net Assets 2022: $140,0192022Assets 2023: $139,658Liabilities 2023: $189Net Assets 2023: $139,4692023Assets 2024: $137,959Liabilities 2024: $189Net Assets 2024: $137,7702024

Highlighted filing

2021

Assets$135,670
Liabilities$0
Net Assets$135,670
Open 2021 Filing

Operations Trend

Revenue Growth6th percentile

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

$150K$100K$50K$0-$50KRevenue 2020: $131,000Expenses 2020: $200Net Income 2020: $130,8002020Revenue 2021: $10,000Expenses 2021: $5,130Net Income 2021: $4,8702021Revenue 2022: $25,000Expenses 2022: $20,651Net Income 2022: $4,3492022Revenue 2023: $0Expenses 2023: $550Net Income 2023: -$5502023Revenue 2024: $0Expenses 2024: $1,699Net Income 2024: -$1,6992024

Highlighted filing

2021

Revenue$10,000
Expenses$5,130
Net Income$4,870
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.2
Gross Receipts
$10,000
Mission and Program Overview

Mission

To support the production and successful operation of affordable and workforce housing by owning and financing land and properties throughout the united states that will be used to develop or provide affordable and workforce housing that includes units deed restricted to households at 80% area median income ("ami") or below and by facilitating access to services for residents of those units.

Program Services

DescriptionGrantsExpenses
INNOVATIVE HOUSING SOLUTIONS FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, LITERARY, CHARITABLE, OR SCIENTIFIC PURPOSE.$0$0
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK ETHERIDGEBoard Member-$0--
KEMENA BROOKSPresident-$0--
LEE COCHRANSecretary-$0--
DARRYL HEMMINGERTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Innovative Housing Solutions Foundation
EIN
83-2200729
Phone
9803143120
Address
2132 THRIFT ROAD SUITE A, CHARLOTTE, NC 28208

Signing Officer

Name
Lee Cochran
Title
Executive Director
Phone
9803143120
Signed
2022-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Cohnreznick Llp
Address
525 NORTH TRYON STREET, CHARLOTTE, NC 28202
Preparer
Lori Rothe Yokobosky CPA
Phone
7043329100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: legal expense. Amount: 150. Description: accounting expense. Amount: 3,000. Description: advertising expense. Amount: 1,980. Total to form 990-ez, line 16: 5,130.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: due from affiliates. Beg. Of year amount: 0. End of year amount: 40.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 200. End of year amount: 0.”

Raw XML Appendix156 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK ETHERIDGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEMENA BROOKS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DARRYL HEMMINGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt040
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt05130
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT THE PRODUCTION AND SUCCESSFUL OPERATION OF AFFORDABLE AND WORKFORCE HOUSING BY OWNING AND FINANCING LAND AND PROPERTIES THROUGHOUT THE UNITED STATES THAT WILL BE USED TO DEVELOP OR PROVIDE AFFORDABLE AND WORKFORCE HOUSING THAT INCLUDES UNITS DEED RESTRICTED TO HOUSEHOLDS AT 80% AREA MEDIAN INCOME ("AMI") OR BELOW AND BY FACILITATING ACCESS TO SERVICES FOR RESIDENTS OF THOSE UNITS.
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt05130
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt010000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0130000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0140000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0141000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0131000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0131000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0141000
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE COCHRAN
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ReturnHeader/BusinessOfficerGrp/PhoneNum09803143120
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
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ReturnHeader/Filer/EIN0832200729
ReturnHeader/Filer/PhoneNum09803143120
ReturnHeader/Filer/USAddress/AddressLine1Txt02132 THRIFT ROAD SUITE A
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028202
ReturnHeader/PreparerPersonGrp/PhoneNum07043329100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI ROTHE YOKOBOSKY CPA
ReturnHeader/ReturnTs02022-11-10T12:31:22-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LEE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COCHRAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$135,670
Liabilities
$0
Net assets
$135,670
Revenue
$10,000
Expenses
$5,130
Net income
$4,870
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.00$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.39$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.25$0.21$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.10$0.05$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$1.31$0.00$1.31