KETCH HOUSING INC

EIN: 480955785 501(c)(3)

Wichita, KS

Total Revenue
$417,170
Total Expenses
$317,648
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
KS
Principal Officer
Sheila Brown
Phone
3163838700
Tax Period
2021-07-01 to 2022-05-31

KETCH HOUSING INC, founded in 1983, is a small nonprofit that reported $417K in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $100K, a strong 24% operating margin.

Mission

To provide elderly and/or handicapped persons with housing facilities and services specifically designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living, charges for such facilities and services to be predicated upon the provisions, maintenance and operation thereof on the nonprofit basis; and to engage in such lawful activities and acts as the laws of the State of Kansas may allow in furtherance of the aforementioned purposes.

Program Service Accomplishments

Program 1
Expenses: $255,582 Revenue: $412,475

Almond Tree Project is a housing project for low income, elderly and developmentally disabled pursuant to Section 202 of the National Housing Act. The Project is regulated by the U.S. Department of...

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Almond Tree Project is a housing project for low income, elderly and developmentally disabled pursuant to Section 202 of the National Housing Act. The Project is regulated by the U.S. Department of Housing and Urban Development (HUD) with respect to rental charges and operating methods. The Project has a twenty-year housing assistance contract with HUD and rental operations began in February 1988. The Project contains fifty units located in Wichita, Kansas, one of which is non-income producing for the house manager. The Project is Section 8 rent assistance and Section 202 direct loan program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $56
Other Revenue $417,114
TOTAL REVENUE $417,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,857
Fundraising Expenses $0
Program Expenses $255,582
Other Expenses $221,791
TOTAL EXPENSES $317,648

Year-over-Year Comparison

2021 2020 Change
Revenue $417,170 $442,918 -0.1%
Expenses $317,648 $311,741 +0.0%
Net Income $99,522 $131,177 -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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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
3

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
2
$194,822
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sheila Brown President 0
Officer
$0 $0 $110,901
Patrick Butler Secretary/Treasurer 0
Officer
$0 $0 $83,921
Gary Ritthaler Board Member 0
Director
$0 $0 $0
Emilie Graves Board Member 0
Director
$0 $0 $0
Loren Anthony Vice President 0
Director
$0 $0 $0
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 $417,170 $317,648 No data $99,522
2021 $442,918 $311,741 $954,925 $131,177
2020 $442,430 $316,602 $902,515 $125,828
2019 $423,877 $310,280 $822,295 $113,597
2018 $423,160 $334,848 $747,607 $88,312
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