I H A INC

Tax-deductible

Westport, CT501(c)(3)HousingEIN 06-1566759

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Provision of affordable, supportive housing units and case management services (see sch. O)- 8 units, 3 buildings. Tenant rents are subsidized by hud.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 22 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $53K a year · 32% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$285K
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234K
+43% vs prior year
Spent
$241K
To programs
91%
Net assets
$231K
By yearFY2020–FY2024
Revenue
$234K
FY2024▲ +43%
Revenue by fiscal year
FY2020$142K
FY2021$136K
FY2022$134K
FY2023$164K
FY2024$234K
Expenses
$241K
FY2024▲ +10%
Expenses by fiscal year
FY2020$176K
FY2021$222K
FY2022$216K
FY2023$218K
FY2024$241K
Net assets
$231K
FY2024▼ -3%
Net assets by fiscal year
FY2020$459K
FY2021$373K
FY2022$292K
FY2023$237K
FY2024$231K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $219K Management & general 9% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
Presidentceo
$0Pt VII · Sec A
Vice Presidentcoo
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See I H A INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing and support services to residents with HUD subsidies.

Provided by the organization

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1 program service account for $219K of program spending, described in the organization's own filed words · FY2024.
01

Affordable, supportive housing with tenant rents subsidized by hud and case management services. Note: expenses in this legal entity cover the provision and maintenace of housing only. Case management and referral services are provided by homes with hope employees who are not iha, inc employees.

$219Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Fees for servicesLn 2g$234K
Investment incomeLn 3$20
Other incomeLn 4–11$7
Money outPt IX
$241K
Ln 25
Programscol B$219K
Managementcol C$22K
Owns and owesPt X
$231K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$515K
LiabilitiesLn 26$285K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$234K
Investment incomeLn 3$20
Other incomeLn 4–11$7
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$106K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$113K
Land, buildings, equipmentLn 10c$316K
Total assetsLn 16$515K
LiabilitiesLn 26$285K
Net assetsLn 32$231K
OperationsPt I, VI
EmployeesI 50
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$110K$113K
Land, buildings, equipmentLn 10c$368K$316K
Total assetsLn 16$559K$515K
LiabilitiesLn 26$322K$285K
Net assetsLn 32$237K$231K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$39K$39K
Accounting feesLn 11c$18K$18K
Office expensesLn 13$740$740
OccupancyLn 16$57K$57K
InterestLn 20$8$8
Depreciation, depletion and amortizationLn 22$52K$50K$2K
InsuranceLn 23$12K$11K$1K
Other expenses (24a–d)Ln 24$63K$63K
Total functional expensesLn 25$241K$219K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $234K$241K−$7K$231K 990 PDF
FY2023 $164K$218K−$54K$237K 990 PDF
FY2022 $134K$216K−$82K$292K 990 PDF
FY2021 $136K$222K−$86K$373K 990 PDF
FY2020 $142K$176K−$34K$459K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $234,088 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $234,061$234,061
VIII-3 Investment incomeExcluded from tax $20$20
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7$7
VIII-12 Total revenueRelated to mission $234,068 · Unrelated business $0 · Excluded from tax $20$234,088
Part IX · Statement of functional expenses $240,775 across 8 lines filed
IX-11a Management feesPrograms $38,598$38,598
IX-11c Accounting feesManagement $17,565$17,565
IX-13 Office expensesManagement $740$740
IX-16 OccupancyPrograms $56,743$56,743
IX-20 InterestManagement $8$8
IX-22 Depreciation, depletion and amortizationPrograms $50,009 · Management $2,192$52,201
IX-23 InsurancePrograms $11,079 · Management $1,231$12,310
IX-24 Other expenses (24a–d)Programs $62,610$62,610
IX-25 Total functional expensesPrograms $219,039 · Management $21,736 · Fundraising $0$240,775
Part X · Balance sheet $515,408 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $102,472$105,833
X-2 Savings and temporary cash investmentsStart of year $7,369$7,369
X-4 Accounts receivableStart of year $79,942$63,674
X-9 Prepaid expenses and deferred charges$23,019
X-10c Land, buildings and equipment, netStart of year $367,715$315,513
X-16 Total assetsStart of year $559,048$515,408
X-17 Accounts payable and accrued expensesStart of year $107,083$33,014
X-19 Deferred revenue$1,834
X-25 Other liabilitiesStart of year $214,594$249,876
X-26 Total liabilitiesStart of year $321,677$284,724
X-27 Net assets without donor restrictionsStart of year −$602,629−$609,316
X-28 Net assets with donor restrictionsStart of year $840,000$840,000
X-32 Total net assets or fund balancesStart of year $237,371$230,684
X-33 Total liabilities and net assetsStart of year $559,048$515,408
Part XI · Reconciliation of net assets $230,684 net assets at year end
XI-1 Total revenue$234,088
XI-2 Total expenses$240,775
XI-3 Revenue less expenses−$6,687
XI-4 Net assets at start of year$237,371
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$230,684

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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