Civic Intelligence

Housing Opportunities Inc.

990 • Fiscal year 2014 • EIN 87-0529864

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 08, 2014

3595 South Main Street84115

(801) 240-4440

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.13x

Higher debt load relative to assets than 63% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.24x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

26th percentile

-4.3%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

78th percentile

29%

Faster revenue growth than 78% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$713,028

Down $32,298 (-4.3%) from 2013

Net Assets

Up

$621,431

Up $83,480 (+16%) from 2013

Liabilities

Down

$91,597

Down $115,778 (-56%) from 2013

Revenue

Up

$383,933

Up $85,881 (+29%) from 2013

Expenses

Up

$300,453

Up $21,126 (+7.6%) from 2013

Net Income

Up

$83,480

Up $64,755 (+346%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $458,816Liabilities 2011: $23,129Net Assets 2011: $435,6872011Assets 2012: $557,766Liabilities 2012: $38,540Net Assets 2012: $519,2262012Assets 2013: $745,326Liabilities 2013: $207,375Net Assets 2013: $537,9512013Assets 2014: $713,028Liabilities 2014: $91,597Net Assets 2014: $621,4312014Assets 2015: $693,887Liabilities 2015: $62,277Net Assets 2015: $631,6102015Assets 2016: $858,002Liabilities 2016: $111,016Net Assets 2016: $746,9862016Assets 2018: $1,278,385Liabilities 2018: $192,455Net Assets 2018: $1,085,9302018Assets 2019: $1,475,312Liabilities 2019: $380,398Net Assets 2019: $1,094,9142019Assets 2020: $2,354,370Liabilities 2020: $853,089Net Assets 2020: $1,501,2812020Assets 2021: $2,020,176Liabilities 2021: $525,112Net Assets 2021: $1,495,0642021Assets 2022: $3,482,756Liabilities 2022: $1,914,583Net Assets 2022: $1,568,1732022Assets 2023: $12,597,501Liabilities 2023: $11,037,015Net Assets 2023: $1,560,4862023Assets 2024: $10,337,356Liabilities 2024: $8,585,434Net Assets 2024: $1,751,9222024

Highlighted filing

2014

Assets$713,028
Liabilities$91,597
Net Assets$621,431

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $210,1712011Expenses 2012: $226,4792012Revenue 2013: $298,052Expenses 2013: $279,327Net Income 2013: $18,7252013Revenue 2014: $383,933Expenses 2014: $300,453Net Income 2014: $83,4802014Revenue 2015: $377,268Expenses 2015: $367,089Net Income 2015: $10,1792015Revenue 2016: $498,443Expenses 2016: $383,067Net Income 2016: $115,3762016Revenue 2018: $389,626Expenses 2018: $355,772Net Income 2018: $33,8542018Revenue 2019: $409,084Expenses 2019: $400,100Net Income 2019: $8,9842019Revenue 2020: $853,525Expenses 2020: $447,158Net Income 2020: $406,3672020Revenue 2021: $534,710Expenses 2021: $383,086Net Income 2021: $151,6242021Revenue 2022: $573,981Expenses 2022: $499,845Net Income 2022: $74,1362022Revenue 2023: $320,982Expenses 2023: $340,274Net Income 2023: -$19,2922023Revenue 2024: $788,354Expenses 2024: $567,236Net Income 2024: $221,1182024

Highlighted filing

2014

Revenue$383,933
Expenses$300,453
Net Income$83,480
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 8, 2014
Return Version
2013v3.1
Gross Receipts
$383,933
Mission and Program Overview

Mission

Provide programs and services to recipients of low income housing assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$275,000$275,000→ $0
Cash and Non-Interest-Bearing Accounts$295,313$220,947▼ $74,366
Investments Program Related$157,939$157,939→ $0
Accounts Receivable$17,074$59,142▲ $42,068
Total Assets$745,326$713,028▼ $32,298
Liabilities
Other Liabilities$204,469$85,878▼ $118,591
Accounts Payable and Accrued Expenses$2,906$5,719▲ $2,813
Total Liabilities$207,375$91,597▼ $115,778
Net Assets / Fund Balance
Unrestricted Net Assets$272,101$553,337▲ $281,236
Temporarily Rstr Net Assets$265,850$68,094▼ $197,756
Total Net Assets Fund Balance$537,951$621,431▲ $83,480
Total Liabilities and Net Assets / Fund Balance$745,326$713,028▼ $32,298

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$157,939--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$378,189
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,744
All Other Contributions
$122,320
Change in Net Assets
$83,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$383,933
Total Revenue per Audited Statements
$383,933
Total Revenue per Form 990
$383,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$222,794
Other Expenses$77,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$171,768--$171,768
Other Employee Benefits$51,026--$51,026
Fees for Services Management$34,356--$34,356
Conferences and Meetings$19,829--$19,829
Other Expenses$13,858--$13,858
Office Expenses-$4,940-$4,940
Fees for Services Accounting-$3,275-$3,275
Insurance-$1,401-$1,401
Total Functional Expenses$290,837$9,616$0$300,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$300,453
Total Expenses per Audited Statements$300,453
Total Expenses per Form 990$300,453
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
Deferred Revenue$85,878
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management has delegated all management functions to the housing authority of the county of salt lake (hacsl). Hacsl and hoi have the same governing body.

Form 990, Page 6, Part VI, Line 11B

The finance director reviews the form 990 prior tp signature and submittal to the irs. Copies of the return are provided to the board prior to signature and submittal.

Form 990, Page 6, Part VI, Line 12C

Conflicts of interest are reviewed at least annually by the board where disclosure is required and steps to remedy the conflicts are discussed.

Form 990, Page 6, Part VI, Line 15A

The secretary and treasurer are subject to board salary approval through hacsl. The process is documented in the hacsl policies and procedures manual. These individuals are employees of hacsl and hoi uses their services.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

EIN
87-0529864

Signing Officer

Name
Andre Bartlome
Title
Treasurer
Signed
2014-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andre Bartlome
Formed
2003
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
Russell V Baird CPA
Phone
8012951119
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS DELEGATED ALL MANAGEMENT FUNCTIONS TO THE HOUSING AUTHORITY OF THE COUNTY OF SALT LAKE (HACSL). HACSL AND HOI HAVE THE SAME GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE DIRECTOR REVIEWS THE FORM 990 PRIOR TP SIGNATURE AND SUBMITTAL TO THE IRS. COPIES OF THE RETURN ARE PROVIDED TO THE BOARD PRIOR TO SIGNATURE AND SUBMITTAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE REVIEWED AT LEAST ANNUALLY BY THE BOARD WHERE DISCLOSURE IS REQUIRED AND STEPS TO REMEDY THE CONFLICTS ARE DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SECRETARY AND TREASURER ARE SUBJECT TO BOARD SALARY APPROVAL THROUGH HACSL. THE PROCESS IS DOCUMENTED IN THE HACSL POLICIES AND PROCEDURES MANUAL. THESE INDIVIDUALS ARE EMPLOYEES OF HACSL AND HOI USES THEIR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine10HACSL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine11HACSL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0261159236
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1900860686
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0UT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1UT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine10KELLY BENSON APARTMENTS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine11BUD BAILEY APARTMENTS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine103595 SOUTH MAIN STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine113595 SOUTH MAIN STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City0SALT LAKE CITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City1SALT LAKE CITY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State0UT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State1UT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode084115
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode184115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10HACSL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10HOUSING AUTHORITY OF THE COUNTY OF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11AFFORDABLE HOUSING ASSOCIATES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine20SALT LAKE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine103595 SOUTH MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine113595 SOUTH MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SALT LAKE CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1SALT LAKE CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode084115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode184115
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt077659
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1222794
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2135000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3140000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10HACSL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11HACSL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine12KELLY BENSON APARTMENTS LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine13BUD BAILEY APARTMENTS LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3D
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0265850
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt068094
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0745326
IRS990/TotalAssetsEOYAmt0713028
IRS990/TotalAssetsGrp/BOYAmt0745326
IRS990/TotalAssetsGrp/EOYAmt0713028
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0378189
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09616
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0290837
IRS990/TotalFunctionalExpensesGrp/TotalAmt0300453
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0207375
IRS990/TotalLiabilitiesEOYAmt091597
IRS990/TotalLiabilitiesGrp/BOYAmt0207375
IRS990/TotalLiabilitiesGrp/EOYAmt091597
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0537951
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0621431
IRS990/TotalProgramServiceExpensesAmt0290837
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05744
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0383933
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0745326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0713028
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$8.59$1.75$0.79$0.57$0.22
2023Detailed filing. Detailed filing data is available for this year.$12.6$11.0$1.56$0.32$0.34$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.48$1.91$1.57$0.57$0.50$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.53$1.50$0.53$0.38$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.35$0.85$1.50$0.85$0.45$0.41
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.38$1.09$0.41$0.40$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.19$1.09$0.39$0.36$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.11$0.75$0.50$0.38$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.06$0.63$0.38$0.37$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.09$0.62$0.38$0.30$0.08
2013Summary only. Only limited summary data is available for this year.$0.75$0.21$0.54$0.30$0.28$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.04$0.52$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.02$0.44$0.21