Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
Innovative Housing Solutions Foundation
990EZ • Fiscal year 2022 • EIN 83-2200729
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
38th percentile
Higher debt load relative to revenue than 38% of similar nonprofits.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
71st percentile
Faster asset growth than 71% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Balance Sheet
Assets
Up$140,208
Up $4,538 (+3.3%) from 2021
Net Assets
Up$140,019
Up $4,349 (+3.2%) from 2021
Liabilities
Up$189
Up $189 from 2021
Revenue And Expenses
Revenue
Up$25,000
Up $15,000 (+150%) from 2021
Expenses
Up$20,651
Up $15,521 (+303%) from 2021
Net Income
Down$4,349
Down $521 (-11%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Sep 6, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $25,000
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
| Description | Grants | Expenses |
|---|---|---|
| INNOVATIVE HOUSING SOLUTIONS FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, LITERARY, CHARITABLE, OR SCIENTIFIC PURPOSE. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARK ETHERIDGDE | Board Member | - | $0 | - | - |
| KEMENA BROOKS | President | - | $0 | - | - |
| LEE COCHRAN | Secretary | - | $0 | - | - |
| DARRYL HEMMINGER | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Innovative Housing Solutions
- EIN
- 83-2200729
- Phone
- 9803143120
- Address
- 2132 THRIFT ROAD SUITE A, CHARLOTTE, NC 28208
Signing Officer
- Name
- Lee Cochran
- Title
- Secretary
- Phone
- 9803143120
- Signed
- 2023-09-06
Preparer
- Firm
- Sherbert Associates Pc
- Address
- 13777 BALLANTYNE CORPORATE PLACE ST, CHARLOTTE, NC 28277
- Preparer
- William R Sherbert CPA
- Phone
- 7043994455
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses legal expense 15,588 accounting expene 3,000 advertising expense 1,980 office supplies 83 total 20,651”
Form 990-ez, Part II, Line 24
“Due from affiliates 40 40 total 40 40”
Form 990-ez, Part II, Line 26
“DUE TO AFFILIATES 0 189”
Form 990-ez, Part III
“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.”
Raw XML Appendix138 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LEE COCHRAN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9803143120 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2132 THRIFT ROAD SUITE A |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CHARLOTTE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28208 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 5630 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10168 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 25000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 4349 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 135670 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 140208 |
| IRS990EZ/GrossReceiptsAmt | 0 | 25000 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 130000 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 130000 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 135670 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 140019 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 135670 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 140019 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MARK ETHERIDGDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KEMENA BROOKS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | LEE COCHRAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DARRYL HEMMINGER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 40 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 40 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 20651 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | INNOVATIVE HOUSING SOLUTIONS FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, LITERARY, CHARITABLE, OR SCIENTIFIC PURPOSE. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 189 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 20651 |
| IRS990EZ/TotalRevenueAmt | 0 | 25000 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 25000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 10000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 130000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 165000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 1000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 166000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 25000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 10000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 131000 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 166000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 25000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 10000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 131000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 166000 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES LEGAL EXPENSE 15,588 ACCOUNTING EXPENE 3,000 ADVERTISING EXPENSE 1,980 OFFICE SUPPLIES 83 TOTAL 20,651 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DUE FROM AFFILIATES 40 40 TOTAL 40 40 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DUE TO AFFILIATES 0 189 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LEE COCHRAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9803143120 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-09-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INNOVATIVE HOUSING SOLUTIONS |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INNO |
| ReturnHeader/Filer/EIN | 0 | 832200729 |
| ReturnHeader/Filer/PhoneNum | 0 | 9803143120 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2132 THRIFT ROAD SUITE A |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHARLOTTE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28208 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 260970459 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SHERBERT ASSOCIATES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 13777 BALLANTYNE CORPORATE PLACE ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHARLOTTE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28277 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7043994455 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-09-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WILLIAM R SHERBERT CPA |
| ReturnHeader/ReturnTs | 0 | 2023-09-11T14:16:58-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LEE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | COCHRAN |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $140,208
- Liabilities
- $189
- Net assets
- $140,019
- Revenue
- $25,000
- Expenses
- $20,651
- Net income
- $4,349