Housing Solutions INC EIN 37-1398574 Form 990 (PDF) Claim this org

Housing Solutions INC

Not yet claimed Claim this org →

Advocates for affordable housing for low-income and disabled individuals. For fiscal year 2024 it reported $224K in revenue, $229K in expenses, and $101K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Collinsville, IL
Filings
5 on file (2020–2024)
Revenue
$224KFY2024
Expenses
$229K
Net assets
$101K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-1398574 Public charity (501(c)(3)) Collinsville, IL
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Housing Solutions INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Advocates for affordable housing for low-income and disabled individuals.
Leadership
Bobby Collins SR · Director
Money in and out
$224K revenue, $229K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
15.5mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +82% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$224K
FY2024▲ +12%
Expenses
$229K
FY2024▲ +1%
Total assets
$917K
FY2024▼ -2%
Total liabilities
$816K
FY2024▼ -1%
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$917K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $229K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides low or moderate income individuals who may be disabled, elderly or members of other disadvantaged groups, with decent affordable housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer…

$229Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHousing Solutions INC
EINHdr · item D37-1398574
Principal addressHdr · item CCollinsville, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFJan 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Housing Solutions INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$215K · 96%
Investment income$9K · 4%
Program service revenue96%$215K
Investment income4%$9K
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$229K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$254K
Total assetsLn 16$917K
Total liabilitiesLn 26$816K
Total net assetsLn 32$101K
Months of cash on handcomputed13.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $297K · Operating expenses/yr $229K
15.5 months
Where the money goes
Program services
Program services $229K · Total expenses $229K
100%
Management & General
Management & general $0 · Total expenses $229K
0%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $224K
0%
Government reliance
Government grants — · Total revenue $224K
Earned-income share
Program service revenue $215K · Total revenue $224K
96%
Investment reliance
Investment income $9K · Total revenue $224K
+4%
Program self-sufficiency
Program service revenue $215K · Total expenses $229K
94%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $200K
+12%
Revenue CAGR
FY2020 $165K · FY2024 $224K
+8%
Net-asset trend (YoY)
End of year $101K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $229K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $917K
Net-asset ratio
Net assets $101K · Total assets $917K
11%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $43K · Total assets (Pt X, ln 16) $917K
5%
People & payroll
Highest Reported Total Compensation
Individual Bobby Collins SR · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $229K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $229K
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 12%
Accounting fee ratio 7%

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.

Similar Organizations

Closest in mission — by what they do
See all organizations like Housing Solutions INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$224K revenue · viewing · ⤓ 990 PDF
FY2023$200K revenue · ⤓ 990 PDF
FY2022$258K revenue · ⤓ 990 PDF
FY2021$170K revenue · ⤓ 990 PDF
FY2020$165K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.