Housing Plus INC EIN 83-1195687 Form 990 (PDF) Claim this org

Housing Plus INC

Not yet claimed Claim this org →

Offers affordable housing solutions for Atlanta residents. For fiscal year 2025 it reported $1.2M in revenue, $1.2M in expenses, and $207K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Atlanta, GA
Website
housingplusinc.org
Filings
6 on file (2020–2025)
Revenue
$1.2MFY2025
Expenses
$1.2M
Net assets
$207K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-1195687 Public charity (501(c)(3)) Atlanta, GA
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 Plus INC claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Offers affordable housing solutions for Atlanta residents.
Leadership
Corby Hannah · Executive Director · $58K
Money in and out
$1.2M revenue, $1.2M expenses
Bottom line
98% program efficiency
Where the money goes · FY2025
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate▼ -36% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +113% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.2M
FY2025▲ +107%
Expenses
$1.2M
FY2025▲ +77%
Total assets
$207K
FY2025▲ +12%
Total liabilities
$0
FY2025
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$207K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHousing Plus INC
EINHdr · item D83-1195687
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jhousingplusinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L40)
Ruling yearIRS BMFMay 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$58,240Pt VII · Sec A
$52,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A

Corby Hannah’s $58K as Executive Director is at the 8th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Corby Hannah$58,240$58,240$49,354$48,394$44,480$51,280
Charlene Edwards$52,000$52,000$48,543$44,460$17,327
Mary Grace King$24,353

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Housing Plus INC executive salaries →

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

Mission & Programs · Part III

Where the work happens

3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Emergency Rental Assistance/Eviction Prevention-- Home Again. Programs in effect during the 2024 fiscal year included county funded eviction intervention programs we operated in Clayton and Gwinnett Counties and the Home Again emergency rental assistance program, funded by Atlanta Housing and the local United Way.

$875Kprogram expense
02

Homelessness and Housing--The Motel to Home Program. Homelessness is often defined differently by different entities. For example, in some cases, organizations such as HUD, the primary federal housing funding agency, does not consider families in extended stay motels to be "technically" homeless.

$198Kprogram expense
03

Financial Education--Financial Achievement Clubs (FACs). During the COVID era, Housing Plus participated in multiple COVID emergency rental assistance (ERA) programs. As part of that experience we saw many families returning for assistance as part of recurring cycle.

$93Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$1.2M
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$1.2M
Management & general2%$19K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$207K
Total assetsLn 16$207K
Total liabilitiesLn 26$0
Total net assetsLn 32$207K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $207K · Operating expenses/yr $1.2M
2.1 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.2M
98%
Management & General
Management & general $19K · Total expenses $1.2M
2%
Fundraising
Fundraising $0 · Total expenses $1.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $758K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
100%
Government reliance
Government grants $0 · Total revenue $1.2M
0%
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $0 · Total revenue $1.2M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $585K
+107%
Revenue CAGR
FY2019 $1.6M · FY2024 $1.2M
-6%
Net-asset trend (YoY)
End of year $207K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.2M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $207K
Net-asset ratio
Net assets $207K · Total assets $207K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $207K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Corby Hannah · Reported title Executive Director · Highest reported compensation $58K · Total expenses $1.2M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $284K · Total expenses $1.2M
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 107%
Accounting fee ratio 0.2%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1.7M
Grants paid · 15 grants · $5.4M · 2020–2024
Unitemized GrantFY2024$892,910
Unitemized GrantFY2024$202,393
Unitemized GrantFY2024$95,244
Unitemized GrantFY2023$289,151
Unitemized GrantFY2023$39,872
Unitemized GrantFY2023$5,040
Unitemized GrantFY2022$276,446
Unitemized GrantFY2022$215,571
Unitemized GrantFY2022$156,009
Unitemized GrantFY2021$262,218
Unitemized GrantFY2021$154,947
Unitemized GrantFY2021$71,514
Unitemized GrantFY2020$2,132,247
Unitemized GrantFY2020$317,157
Unitemized GrantFY2020$314,929

Similar Organizations

Closest in mission — by what they do
See all organizations like Housing Plus 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
FY2025 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2024$585K revenue · ⤓ 990 PDF
FY2023$645K revenue · ⤓ 990 PDF
FY2022$587K revenue · ⤓ 990 PDF
FY2021$3.1M revenue · ⤓ 990 PDF
FY2020$1.6M 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) · FY2025IRS
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

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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.