Housing America Corporation in Somerton, Arizona (AZ)

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Housing America Corporation
Employer Identification Number (EIN)860315599
Name of OrganizationHousing America Corporation
AddressPO BOX 600, Somerton, AZ 85350-0600
ActivitiesLow and moderate income housing, Instruction and guidance on housing
SubsectionCharitable Organization
Ruling Date06/1976
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,026,006
Amount of Income$2,644,826
Form 990 Revenue Amount$2,247,578
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2014: $2,644,826 (it was $2,324,652 in 2013)
Housing America Corporation: 

 $2,644,826
Other organizations performing similar types of work: 

 $150,108

Assets in 2014: $7,026,006 (it was $5,811,756 in 2013)
Housing America Corporation: 

 $7,026,006
Other organizations performing similar types of work: 

 $1,156,098

Expenses in 2014: $1,771,352
Housing America Corporation: 

 $1,771,352
Other organizations performing similar types of work: 

 $149,118

Income to expenses ratio in 2014: 1.5
Housing America Corporation: 

 1.5
Other organizations performing similar types of work: 

 1.0

Employees paid over $100,000 in 2014: 3.8%
This organization: 

 3.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 78.6%
This organization: 

 78.6%
Other organizations performing similar types of work: 

 0.8%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoYes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 1096910
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return3126
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization01
Statement of Revenue
201220132014
Total revenue$2,810,989$1,705,235$2,247,578
Contributions, Gifts, Grants and Other Similar Amounts$2,230,446$1,284,704$1,765,900
Program Service Revenue$380,733$366,948$401,664
531310$170,024$202,879
Lessors of Residential Buildings and Dwellings $133,982$190,889
561000$52,348$5,476
541900$6,182$2,320
Other Activities Related to Real Estate $4,412$100
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$2,252$925$508
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$182,111$40,583$67,752
Gross sales of inventory, less returns and allowances$1,036,750$660,000$465,000
Less: cost of goods sold$854,639$619,417$397,248
Miscellaneous Revenue$15,447$12,075$11,754
532000$12,075$11,754
All other revenue$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$2,017,609$1,757,753$1,771,352
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$81,732$64,197$67,244
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$848,515$704,289$715,367
Pension plan accruals and contributions$41,726$23,220
Other employee benefits$191,501$208,364
Payroll taxes$70,879$56,887$57,066
Fees for services (non-employees)
Management$45,627$47,418
Legal$7,413$2,989
Accounting$8,826$4,486
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$0$0
Advertising and promotion$17,366$24,766
Office expenses$27,735$37,033
Information technology$22,725$8,021
Royalties$0$0
Occupancy$246,355$235,092
Travel$43,566$35,442
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$17,408$43,290
Payments to affiliates$0$0
Depreciation, depletion, and amortization$106,150$91,350
Insurance$75,278$60,877
Other expenses$46,454$61,433
Other expenses$14,004$35,179
Other expenses$10,496$8,452
Other expenses$8,965$4,263
Balance Sheet
201220132014
Total assets$5,701,360$5,811,756$7,026,006
Cash - non-interest-bearing$1,350,708$677,617
Savings and temporary cash investments$0$0
Pledges and grants receivable, net$0$0
Accounts receivable, net$288,966$238,493
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$3,014,198$4,928,030
Prepaid expenses and deferred charges$19,429$22,240
Land, buildings, and equipment: cost or other basis$777,583$775,536
Investments - publicly traded securities$36,935$14,967
Investments - other securities$56,458$56,451
Investments - program-related$0$0
Intangible assets$0$0
Other assets$267,479$312,672
Total liabilities$1,772,845$1,976,232$2,713,330
Accounts payable and accrued expenses$198,611$149,748
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$1,650,720$1,753,252$2,540,726
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$24,369$22,856
Total net assets or fund balances$3,928,515$3,835,524$4,312,676
Unrestricted net assets$3,835,524$4,312,676
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$7,877,386
Subtotal Support$7,877,386
Gifts, grants, contributions, and membership fees received$7,877,386
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$8,315,395
Public Support$7,877,386
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,062
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$431,947
Gross receipts from related activities, etc.$1,742,394
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Placet Development Corporation3120 W Carefree Hwy Ste 1-246, Phoenix, AZ 85086-3264AZ1999-06$4,640,202
2Silverwood Casitas Inc1700 E Ft Lowell Ste 101, Tucson, AZ 85719AZ2011-09$3,767,961
3Pima County Community Land Trust801 W Congress St, Tucson, AZ 85745-2819AZ2010-08$2,536,549
4Sarahs Place Inc8611 N 67th Avenue, Glendale, AZ 85302-4351AZ2009-10$783,645
5Just All About You Inc308 E Helena Dr, Phoenix, AZ 85022-1827AZ2015-02$486,790
6Tanner Properties Inc4420 S 18th Place, Phoenix, AZ 85040AZ2001-08$357,874
7Christian Care Management Ii IncPo Box 83210, Phoenix, AZ 85071AZ2010-03$100,000
8Valley Of The Sun School Properties Five1142 W Hatcher Rd, Phoenix, AZ 85021-3045AZ1999-09$57,435
9Usa Housing Inc4332 E Ludlow Dr, Phoenix, AZ 85032-5804AZ2012-01$7
10Show Low Housing Coalition Inc1401 N 41st Dr, Show Low, AZ 85901-3251AZ2002-01$1
11Complete Development And Family Services Inc7025 North Wilder Road, Phoenix, AZ 85021AZ1999-01$0
12Forgotten Warriors Home Inc6491 S Oakmont Dr, Chandler, AZ 85249-8511AZ2001-05$0
13Helping Hands Coalition Of America IncPo Box 10366, Prescott, AZ 86304AZ2009-10$0
14Neighbors In Motion14626 North 63rd Lane, Glendale, AZ 85306AZ2014-05$0
15Polarlights IncPO BOX 915, Payson, AZ 85547-0915AZ2002-05$0
16Pueblo Housing & Community Development7798 W County 16th St, Somerton, AZ 85350-7406AZ2014-09$0
17Southwest Community Development Inc2415 E Cairo Dr, Tempe, AZ 85282-4112AZ2001-01$0
18Sunshine Homes Inc2020 S Mcclintock Dr Ste 101, Tempe, AZ 85282-2691AZ1999-08$0
19Tegan Communities Inc2707 W Via Bona Fortuna, Phoenix, AZ 85086-6673AZ2000-09$0
20Triple R Community Housing I Inc202 E Earll Dr Ste 200, Phoenix, AZ 85012-2647AZ2010-03$0
Number of organizations performing similar types of work
Alaska9
Alabama46
Arkansas41
Arizona33
California359
Colorado43
Connecticut37
District of Columbia17
Delaware25
Florida128
Georgia103
Hawaii19
Iowa23
Idaho17
Illinois105
Indiana43
Kansas12
Kentucky53
Louisiana97
Massachusetts100
Maryland74
Maine11
Michigan126
Minnesota67
Missouri66
Mississippi35
Montana9
North Carolina110
North Dakota9
Nebraska22
New Hampshire25
New Jersey97
New Mexico15
Nevada12
New York278
Ohio135
Oklahoma35
Oregon31
Pennsylvania108
Rhode Island29
South Carolina55
South Dakota13
Tennessee68
Texas173
Utah12
Virginia54
Vermont7
Washington39
Wisconsin32
West Virginia11
Wyoming4
International23
Total3,095

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