Nonprofit · EIN 45-5203995
HOUSING AND ECONOMIC CONCEPTS INC
Tax-exempt · INDIANAPOLIS, IN 46240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,983,800 | $1,181,935 | $801,865 | $4,873,366 | $137,888 | $4,735,478 |
| December 31, 2023 | 990 | $1,907,123 | $1,979,942 | -$72,819 | $4,071,770 | $138,157 | $3,933,613 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,614,604
- Investment income
- $186,540
- Other revenue
- $182,656
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $28,621
- Salaries, compensation and benefits (total)
- $34,799
- Professional fundraising fees
- $0
- Accounting fees
- $15,823
- Occupancy
- $901,474
- Travel
- $1,017
- Program services (functional)
- $1,165,961
- Management and general (functional)
- $15,974
Balance sheet and other
- Total assets, start of year
- $4,071,770
- Total assets, end of year
- $4,873,366
- Total liabilities, end of year
- $137,888
- Net assets, end of year
- $4,735,478
- Net assets without donor restrictions
- $4,735,478
- Gross receipts
- $1,983,800
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENICE L MYERS | EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 |
| JANETTE O'BRIEN | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| LEIGH RILEY EVANS | DIRECTOR Trustee or director | 0.1 | $0 |
| JULIA HUFFMAN | DIRECTOR Trustee or director | 0.1 | $0 |
| JEFFREY L KITTLE | DIRECTOR Trustee or director | 0.1 | $0 |
| SEAN O'CONNOR | DIRECTOR Trustee or director | 0.1 | $0 |
| LORI PHILLIPS-STEELE | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICIA GAMBLE-MOORE | FORMER PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| JENICE L MYERS | EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 |
| JANETTE O'BRIEN | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| LEIGH RILEY EVANS | DIRECTOR Trustee or director | 0.1 | $0 |
| JULIA HUFFMAN | DIRECTOR Trustee or director | 0.1 | $0 |
| JEFFREY L KITTLE | DIRECTOR Trustee or director | 0.1 | $0 |
| SEAN O'CONNOR | DIRECTOR Trustee or director | 0.1 | $0 |
| LORI PHILLIPS-STEELE | DIRECTOR Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 310 E 96TH ST STE 400, INDIANAPOLIS, IN 46240-0120
- Principal officer (990 for 2024)
- JANETTE O'BRIEN, 310 E 96TH STREET SUITE 400, INDIANAPOLIS, IN 46240
- Signed the 990
- JANETTE O'BRIEN, PRESIDENT
- Phone
- (317) 236-5959
- Website
- WWW.KITTLEPROPERTIES.COM
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
HOUSING AND ECONOMIC CONCEPTS, INC. ("HEC") IS AN INDIANA NOT-FOR-PROFIT CORPORATION (THE "CORPORATION") INCORPORATED ON APRIL 24, 2012. THE CORPORATION WAS ORGANIZED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MISSION OF THE CORPORATION IS TO PARTICIPATE IN HOUSING UNDERTAKINGS THAT FOSTER AND SUPPORT VULNERABLE POPULATIONS, AND ACQUIRE, CONSTRUCT AND/OR OTHERWISE MAINTAIN HOUSING TO PROVIDE SAFE, DECENT AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME CITIZENS.
Program accomplishments
- THE MISSION OF THE CORPORATION IS TO PARTICIPATE IN HOUSING UNDERTAKINGS THAT FOSTER AND SUPPORT VULNERABLE POPULATIONS, AND ACQUIRE, CONSTRUCT AND/OR OTHERWISE MAINTAIN HOUSING TO PROVIDE SAFE, DECENT AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME CITIZENS.Expenses $1,165,961 · revenue $1,833,800
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5203995
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $4,873,366
- Income (IRS master file)
- $1,983,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,983,800 | $1,181,935 | $4,873,366 | XML |
| 990 | December 2023 | $1,907,123 | $1,979,942 | $4,071,770 | XML |
| 990 | December 2022 | $785,954 | $899,153 | $4,401,861 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5203995).
Questions about HOUSING AND ECONOMIC CONCEPTS INC
- What is the EIN of HOUSING AND ECONOMIC CONCEPTS INC?
- The employer identification number (EIN) of HOUSING AND ECONOMIC CONCEPTS INC is 45-5203995.
- Is HOUSING AND ECONOMIC CONCEPTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to HOUSING AND ECONOMIC CONCEPTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING AND ECONOMIC CONCEPTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOUSING AND ECONOMIC CONCEPTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSING AND ECONOMIC CONCEPTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOUSING AND ECONOMIC CONCEPTS INC?
- The 990 for the year ended December 31, 2024 names JANETTE O'BRIEN.
- Who are the officers and directors of HOUSING AND ECONOMIC CONCEPTS INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HOUSING AND ECONOMIC CONCEPTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,983,800, expenses of $1,181,935 and total assets of $4,873,366 at year end.
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