HOUSING FOUNDATION OF HUNTSVILLE INC

EIN: 630523195

HUNTSVILLE, AL

Total Revenue
$1,525,606
Total Expenses
$1,342,338
Total Assets
$1,017,235
Net Assets
$-1,506,739
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
AL
Principal Officer
BARBARA KENNEDY
Phone
2565333420
Tax Period
2024-09-01 to 2025-08-31

HOUSING FOUNDATION OF HUNTSVILLE SECTION I, founded in 1966, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2020. Expenses of $1.2M left a modest 4% surplus.

Mission

DEVELOPING AND OPERATING HOUSING FOR ELDERLY AND LOW AND MODERATE INCOME FAMILIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,514,512
Investment Income $11,094
Other Revenue $0
TOTAL REVENUE $1,525,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $322,513
Fundraising Expenses $0
Program Expenses $1,342,338
Other Expenses $1,019,825
TOTAL EXPENSES $1,342,338

Year-over-Year Comparison

2024 2023 Change
Revenue $1,525,606 $1,286,392 +0.2%
Expenses $1,342,338 $1,267,891 +0.1%
Net Income $183,268 $18,501 +8.9%
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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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
1

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
$134,271
Total Directors
4
$200,686
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FELECIA KENNEDY TREASURER 20.00
Officer Director
$0 $0 $68,271
WILLIAM WAYNE DOUGLAS MEMBER 20.00
Director
$0 $0 $66,415
BARBARA KENNEDY PRESIDENT 20.00
Officer Director
$0 $0 $66,000
BRYAN KENNEDY MEMBER 1.00
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
2025 $1,525,606 $1,342,338 $1,017,235 $183,268
2024 $1,286,392 $1,267,891 $1,070,484 $18,501
2023 $1,266,000 $1,316,789 $1,145,366 $-50,789
2022 $1,268,816 $1,252,258 $1,153,604 $16,558
2021 $1,290,612 $1,237,446 $1,217,322 $53,166
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