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Non-profit

Housing Assistance Council

Website:

ruralhome.org/
Location:

WASHINGTON, DC
Tax ID:

52-0939288
Experian Number:

712633124 (Experian)
Tax-Exempt Status:

501(c)(3)

Budget (2019):

Revenue: $4,194,441
Expenses: $6,725,621
Assets: $37,780,024
President:

David Lipsetz

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The Housing Assistance Council is a nonprofit organization that finances low-income housing in rural areas. It lends to nonprofit, for-profit, and public housing programs and offers housing assistance resources to individuals living in rural areas. 1

The Housing Assistance Council advocates for increased government spending on housing programs that serve low-income housing developments in rural areas. 2 According to its tax returns, the Housing Assistance Council reported receiving $3.4 million in grants from the government in 2019. 3

Overview

The Housing Assistance Council was founded in 1971. It is a nonprofit organization that focuses on rural housing, providing financing for low-income houses and housing developments, housing resources, and research on the housing market. 4

The Housing Assistance Council has published over 120 reports, guides, and analyses on rural housing and how housing costs can be reduced. 5 It advocates in support of increased government spending to subsidize low-income housing. 6 In 2019, the Housing Assistance Council reported receiving $3.4 million in grants from the government. 7

In 1982, the Housing Assistance Council created Rural Housing Services Inc. as a subsidiary to develop rental units using tax credits. 8 Rural Housing Services is a social welfare organization that in 2019 reported having $476,000 in assets and generated $3,607 in total revenue, of which $3,601 was reported as investment income. 9

Programs

The Housing Assistance Council’s most-funded program in 2019 was its lending program, which they spent $2.3 million on according to its tax returns. 10 It lends to nonprofit, for-profit, and public housing developers. According to its 2021 annual report, 84% of its loans went to nonprofit developers and 12% went to for-profit developers. It states its loans are “below market rates” and funds low-income housing developments in rural areas. 11

The Housing Assistance Council’s second largest program in 2019 was its “Knowledge Sharing” program, which they spent $2.0 million on according to its tax returns. Under this program, it offers housing assistance resources and trainings for people in rural areas. 12 13

The Housing Assistance Council’s third largest program in 2019 was its “Research and Information” program, on which it spent $866,000 according to its tax returns. This includes conducting research on the housing market and the challenges that affect rural areas and creating reports and other publications to advocate for policy. 14 15

Advocacy

The Housing Assistance Council advocates for policy that would increase government spending on housing programs, particularly ones that fund low-income housing in rural areas. It also advocates for keeping existing programs and their funding that go towards rural housing programs. The Housing Assistance Council asks that additional funding should go towards improving the quality and quantity of low-income housing for both homeowners and renters. It also advocates for lowering requirements for government subsidized loans. 16

Financials

According to the Housing Assistance Council’s 2019 tax returns, it reported receiving $3.4 million in government grants, $956,000 in interest income from its loans, an additional $304,000 in investment income, and a total of $6.0 million in revenue. 17 Additionally, in 2019, it spent $2.3 million on its lending program, $2.0 million on its “Knowledge Sharing” program, $866,000 on its “Research and Information” program, and had $6.8 million in total expenses. 18 19 20

References

  1. [1] Stern, Daniel. “Hac Loan Fund FY 2021 Impact Report.” Housing Assistance Council. Daniel Stern. February 4, 2022. https://ruralhome.org/hac-loan-fund-fy-2021-impact-report/.
  2. “Policy Priorities.” Housing Assistance Council, January 10, 2022. https://ruralhome.org/our-work/policy/policy-priorities/.
  3. Return of Organization Exempt from Income Tax (Form 990). Housing Assistance Council. 2019. Part VII, Line 1e.
  4. Stern, Daniel. “About HAC.” Housing Assistance Council. Daniel Stern. February 14, 2022. https://ruralhome.org/about-hac/.
  5. “Research and Information.” Housing Assistance Council, October 12, 2021. https://ruralhome.org/our-work/r-and-i/.
  6. Strauss, Leslie. “Budget Requests Increases in Most Rural Housing Programs.” Housing Assistance Council. Leslie Strauss. April 1, 2022. https://ruralhome.org/usda-housing-funding-fy23/.
  7. Return of Organization Exempt from Income Tax (Form 990). Housing Assistance Council. 2019. Part VII, Line 1e.
  8. “History.” Housing Assistance Council, July 26, 2021. https://ruralhome.org/about-hac/history/.
  9. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Part I, Lines 4-21.
  10. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Part III, Line 4a.
  11. Stern, Daniel. “Hac Loan Fund FY 2021 Impact Report.” Housing Assistance Council. Daniel Stern. February 4, 2022. https://ruralhome.org/hac-loan-fund-fy-2021-impact-report/.
  12. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Part III, Line 4b.
  13. “Our Work.” Housing Assistance Council, April 14, 2022. https://ruralhome.org/our-work/.
  14. “Our Work.” Housing Assistance Council, April 14, 2022. https://ruralhome.org/our-work/.
  15. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Part III, Line 4c.
  16. “Policy Priorities.” Housing Assistance Council, January 10, 2022. https://ruralhome.org/our-work/policy/policy-priorities/.
  17. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Part VIII, Lines 1e-12.
  18. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Section I.
  19. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Part III, Lines 4a-4c.
  20. Return of Organization Exempt from Income Tax (Form 990). Rural Housing Services Inc. 2019. Part I, Lines 15-18.
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Nonprofit Information

  • Accounting Period: September - August
  • Tax Exemption Received: April 1, 1974

    • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2019 Sep Form 990 $4,194,441 $6,725,621 $37,780,024 $9,145,615 N $2,959,914 $800,666 $354,834 $605,171 PDF
    2018 Sep Form 990 $5,589,939 $5,666,412 $40,532,188 $9,495,410 Y $4,456,200 $823,008 $263,454 $636,463 PDF
    2017 Sep Form 990 $6,236,615 $6,463,462 $41,287,954 $10,279,511 N $4,797,501 $1,168,055 $261,976 $761,406 PDF
    2016 Sep Form 990 $6,269,214 $8,924,750 $48,300,376 $12,363,025 N $5,200,416 $855,140 $368,764 $662,755
    2015 Sep Form 990 $10,584,930 $11,693,528 $55,470,143 $14,356,993 N $9,291,211 $946,950 $339,596 $730,212 PDF
    2014 Sep Form 990 $9,166,395 $10,147,760 $58,474,517 $17,097,815 N $7,861,988 $1,009,637 $348,293 $758,934 PDF
    2013 Sep Form 990 $14,364,172 $11,484,118 $59,508,723 $17,073,217 N $12,953,119 $896,848 $633,552 $720,824 PDF
    2012 Sep Form 990 $11,544,296 $11,074,747 $57,153,163 $17,151,154 N $10,159,521 $793,930 $665,197 $690,860 PDF
    2011 Sep Form 990 $15,052,766 $12,913,377 $55,806,429 $16,124,558 N $14,239,508 $634,747 $178,511 $546,936 PDF

    Additional Filings (PDFs)

    Housing Assistance Council

    1025 VERMONT AVE NW STE 606
    WASHINGTON, DC 20005-3516