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Housing Opportunities Program INC EIN 35-1982921

Housing Opportunities Program INC FY2020 filing

EIN  35-1982921 Public charity (501(c)(3)) Fort Wayne, IN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →
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Size
$100K–1M
What they do
Builds and provides affordable homes for families with low and moderate incomes.
Leadership
Jana Reese · Trustee
Money in and out
$198K revenue
Bottom line
3.2mo operating runway

Builds and provides affordable homes for families with low and moderate incomes. For fiscal year 2020 it reported $198K in revenue, — in expenses, and $89K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
—
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year
Donor-funded
96%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2020 · Form 990-EZ
Revenue
$198K
FY2020
Expenses
—
FY2020
Total assets
—
FY2020
Total liabilities
$1K
FY2020
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
—
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19—
Total assetsPt X · Ln 16—
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHousing Opportunities Program INC
EINHdr · item D35-1982921
Principal addressHdr · item CFort Wayne, IN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFJan 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jana Reese
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
George Guy
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue100%$198K
Total revenueLn 12$198K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16—
Total liabilitiesLn 26$1K
Total net assetsLn 32$89K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $52K · Operating expenses/yr $191K
3.2 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $190K · Total revenue $198K
96%
Government reliance
not reported
Earned-income share
Program service revenue $8K · Total revenue $198K
4%
Investment reliance
Investment income — · Total revenue $198K
—
Program self-sufficiency
Program service revenue $8K · Total expenses $191K
4%
Growth & trend
Revenue growth (YoY)
This year $198K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $89K · Beginning of year $82K
+8%
Balance sheet
Surplus Margin
Revenue $198K · Expenses $191K
+3%
Liabilities-to-Assets
Total liabilities $1K · Total assets $90K
1%
Net-asset ratio
Net assets $89K · Total assets $90K
99%
People & payroll
Highest Reported Total Compensation
Individual Jana Reese · Reported title Trustee · Highest reported compensation $0 · Total expenses $191K
0%
Personnel share
Salaries & benefits — · Total expenses $191K
Form 990-EZ bundles compensation — not comparable to full-990 filers

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$136K revenue · ⤓ 990 PDF
FY2021$304K revenue · ⤓ 990 PDF
FY2020$198K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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