Safe Housing And Economic Development Inc, Shed in Welch, West Virginia (WV)

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Safe Housing And Economic Development Inc, Shed
Employer Identification Number (EIN)810583436
Name of OrganizationSafe Housing And Economic Development Inc
Secondary NameShed
In Care of NameKathy E Gentry
Address69 Wyoming St, Welch, WV 24801-2430
SubsectionCharitable Organization
Ruling Date05/2003
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 Period06/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,758,774
Amount of Income$402,698
Form 990 Revenue Amount$402,698
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2012: $402,698 (it was $716,948 in 2011)
Safe Housing And Economic Development Inc, Shed: 

 $402,698
Other organizations performing similar types of work: 

 $141,278

Assets in 2012: $1,758,774 (it was $1,693,492 in 2011)
This organization: 

 $1,758,774
Other organizations performing similar types of work: 

 $740,093

Expenses in 2012: $448,308
Safe Housing And Economic Development Inc, Shed: 

 $448,308
Other organizations performing similar types of work: 

 $124,074

Income to expenses ratio in 2012: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 0.7

Grants share in income in 2012: 58.3%
This organization: 

 58.3%
Other organizations performing similar types of work: 

 3.7%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$402,698
Contributions, Gifts, Grants and Other Similar Amounts$234,601
Program Service Revenue$125,736
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$10,389
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$31,972
Statement of Functional Expenses (for 2012)
Total functional expenses$448,308
Compensation of current officers, directors, trustees, and key employees$25,420
Other salaries and wages$124,042
Payroll taxes$21,750
Professional fundraising services$0
Other$277,096
Balance Sheet (for 2012)
Total assets$1,758,774
Total liabilities$1,201,159
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$1,104,389
Unsecured notes and loans payable to unrelated third parties$0
Other$96,770
Total net assets or fund balances$557,615
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$1,930,189
Gifts, grants, contributions, and membership fees received$1,621,153
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$309,036
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Vf Affordable Housing Inc448 Depot St Ne, Christiansbrg, VA 24073-2050VA2000-11$716,864
2Vine Street Manor Housing Corp2300 Flora, Kansas City, MO 64108MO2004-03$366,819
3Randolph County Affordable Housing And Development CorporationPO BOX 1579, Elkins, WV 26241-1579WV1995-11$1,223,806
4Safe Housing And Economic Development Inc, Shed69 Wyoming St, Welch, WV 24801-2430WV2003-05$402,698
5Mountaineer Development CorporationPO BOX 93, Delbarton, WV 25670-0093WV1996-05$373,258
6Dream Home Development Inc1500 E Little Kanawha Hwy # 1, Grantsville, WV 26147-8152WV2001-05$312,471
7Southeastern Appalachian Rural Alliance IncRoute 2 Box 142, Lewisburg, WV 24901WV2000-10$233,413
8Housing Innovations Corporation1525 Washington St W, Charleston, WV 25387-2315WV2007-08$182,802
9Housing Connections Inc87 15th St Ste 438, Wheeling, WV 26003-3548WV2004-07$147,280
10Mountain Neighborhoods IncPO BOX 125, Petersburg, WV 26847-0125WV2014-05$143,609
11Premier Park IncorporatedPO BOX 1327, Welch, WV 24801-1327WV2003-12$115,845
12Hospital Hospitality House Of Huntington Inc2801 S Staunton Rd, Huntington, WV 25702-1222WV1995-02$110,466
13Eden Park Inc724 10th Ave, Huntington, WV 25701-2733WV1999-06$90,067
14Greenbrier Manor IncPO BOX 2521, Weirton, WV 26062-1721WV1997-04$49,718
15Horizon Housing Group Inc405 Pennsylvania Ave, Charleston, WV 25302-2317WV2002-05$0
16Mccreery Unity Apartments Inc1644 Mileground Rd, Morgantown, WV 26505-3751WV2004-08$0
17Multi-Cap Properties Inc1007 Bigley Ave, Charlestown, WV 25302-3536WV2000-02$0
18Northern Valley Realty IncPo Box 6122, Wheeling, WV 26003WV2013-08$0
19Partnership For Affordable Housing Inc238 W Washington Street, Charles Town, WV 25414WV2009-02$0
20Wheeling Neighborhood Ventures Incorporated11 Community St, Wheeling, WV 26003WV2011-12$0
Number of organizations performing similar types of work
Alaska15
Alabama79
Arkansas52
Arizona71
California590
Colorado62
Connecticut70
District of Columbia39
Delaware21
Florida278
Georgia199
Hawaii37
Iowa49
Idaho18
Illinois189
Indiana97
Kansas30
Kentucky63
Louisiana165
Massachusetts149
Maryland116
Maine37
Michigan201
Minnesota80
Missouri91
Mississippi47
Montana28
North Carolina133
North Dakota11
Nebraska34
New Hampshire15
New Jersey159
New Mexico19
Nevada27
New York431
Ohio189
Oklahoma55
Oregon47
Pennsylvania186
Rhode Island30
South Carolina70
South Dakota22
Tennessee105
Texas313
Utah33
Virginia114
Vermont10
Washington71
Wisconsin64
West Virginia23
Wyoming10
International36
Total5,080

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