LOW INCOME HOUSING COALITION OF ALABAMA

EIN: 262860761 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$232,553
Total Expenses
$156,857
Total Assets
$275,195
Net Assets
$191,291
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AL
Principal Officer
RUSSELL BENNETT
Phone
2059390411
Tax Period
2022-01-01 to 2022-12-31

LOW INCOME HOUSING COALITION OF ALABAMA, founded in 2009, is a small nonprofit in the Human Services sector that reported $233K in total revenue in fiscal year 2022. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 33% operating margin.

Mission

TO INCREASE HOUSING OPPORTUNITIES FOR ALABAMIANS WITH THE GREATEST FINANCIAL NEED.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $232,553
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $232,553

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,314
Other Expenses $156,857
TOTAL EXPENSES $156,857

Year-over-Year Comparison

2022 2021 Change
Revenue $232,553 $152,902 +0.5%
Expenses $156,857 $88,200 +0.8%
Net Income $75,696 $64,702 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$176,569
Total Directors
21
$176,569
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURETTA MOORE PRESIDENT 1.00
Officer Director
$0 $0 $0
LORI FLOYD SECRETARY 1.00
Officer Director
$0 $0 $0
TURKESSA COLEMAN- LACEY TREASURER 1.00
Officer Director
$0 $0 $0
GENNIA BALDWIN MEMBER 1.00
Director
$0 $0 $0
LAUREN CARTER MEMBER 1.00
Director
$0 $0 $0
JOSEPH DEAN IV MEMBER 1.00
Director
$0 $0 $0
SHAKIRA ELLIS MEMBER 1.00
Director
$0 $0 $0
LARISSA PARROTT MEMBER 1.00
Director
$0 $0 $0
BRANDON DIXON MEMBER 1.00
Director
$0 $0 $0
ROBYN HYDEN MEMBER 1.00
Director
$0 $0 $0
EULA JACKSON MEMBER 1.00
Director
$0 $0 $0
CARRIE LELAND MEMBER 1.00
Director
$0 $0 $0
MARCO MAYS MEMBER 1.00
Director
$0 $0 $0
ROD MCCALL MEMBER 1.00
Director
$0 $0 $0
NIGEL ROBERTS MEMBER 1.00
Director
$0 $0 $0
KRIS ROWE MEMBER 1.00
Director
$0 $0 $0
VANESSA TATE-FINNEY MEMBER 1.00
Director
$0 $0 $0
JENNIFER THOMPSON MEMBER 1.00
Director
$0 $0 $0
KAREN THOMPSON-JACKSON MEMBER 1.00
Director
$0 $0 $0
ALICE WESTERY MEMBER 1.00
Director
$0 $0 $0
RUSSELL BENNETT EXECUTIVE DIRECTOR 15.00
Officer Director
$0 $12,961 $176,569
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $232,553 $156,857 $275,195 $75,696
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