Civic Intelligence

Innovative Housing Solutions Foundation

990EZ • Fiscal year 2023 • EIN 83-2200729

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 08, 2024

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

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Asset Growth

50th percentile

-0.4%

Faster asset growth than 50% of similar nonprofits.

2023 filings • NTEE L • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • NTEE L • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$139,658

Down $550 (-0.4%) from 2022

Net Assets

Down

$139,469

Down $550 (-0.4%) from 2022

Liabilities

Flat

$189

Flat from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $25,000 (-100%) from 2022

Expenses

Down

$550

Down $20,101 (-97%) from 2022

Net Income

Down

-$550

Down $4,899 (-113%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2023

Assets$139,658
Liabilities$189
Net Assets$139,469
Open 2023 Filing

Operations Trend

Revenue Growth2nd 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

2023

Revenue$0
Expenses$550
Net Income-$550
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 8, 2024
Return Version
2023v5.1
Gross Receipts
$0
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 Pay84th 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
Authorized Signor
Title
Secretary
Phone
9803143120
Signed
2024-07-08
Discuss with paid preparer
Yes

Preparer

Firm
Eag Affordable Housing LLC
Address
4249 EASTON WAY STE 210, COLUMBUS, OH 43219
Preparer
Greg Harris
Phone
6144728568
Supplemental Narrative

Additional Explanations

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

“Description: legal expense. Amount: 550.”

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

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

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

“Description: due to affiliates. Beg. Of year amount: 189. End of year amount: 189.”

Raw XML Appendix154 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0LEE COCHRAN
IRS990EZ/BooksInCareOfDetail/PhoneNum09803143120
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02132 THRIFT ROAD SUITE A
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028208
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010168
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09618
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
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IRS990EZ/ExcessOrDeficitForYearAmt0-550
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IRS990EZ/LobbyingActivitiesInd00
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK ETHERIDGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEMENA BROOKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LEE COCHRAN
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/BOYAmt040
IRS990EZ/OtherAssetsTotalDetail/EOYAmt040
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0550
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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0INNOVATIVE HOUSING SOLUTIONS FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, LITERARY, CHARITABLE, OR SCIENTIFIC PURPOSE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0189
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0189
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0550
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0130000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0165000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0166000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt01000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0131000
IRS990ScheduleA/Total509Grp/TotalAmt0166000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0131000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0166000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: LEGAL EXPENSE. AMOUNT: 550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUE FROM AFFILIATES. BEG. OF YEAR AMOUNT: 40. END OF YEAR AMOUNT: 40.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 189. END OF YEAR AMOUNT: 189.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AUTHORIZED SIGNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09803143120
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATIVE HOUSING SOLUTIONS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0832200729
ReturnHeader/Filer/PhoneNum09803143120
ReturnHeader/Filer/USAddress/AddressLine1Txt02132 THRIFT ROAD SUITE A
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028208
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0991781118
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EAG AFFORDABLE HOUSING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04249 EASTON WAY STE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043219
ReturnHeader/PreparerPersonGrp/PhoneNum06144728568
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG HARRIS
ReturnHeader/ReturnTs02024-07-09T09:42:05-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AUTHORIZED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SIGNOR
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$139,658
Liabilities
$189
Net assets
$139,469
Revenue
$0
Expenses
$550
Net income
-$550
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