The Housing Partnership
The Housing Partnership reported $13.7 million in revenue and $13.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.47 went to program services, $8.52 to management and general costs and $0.01 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 102.2% of the total. The highest compensation it reported for one person was $208,424 (PRESIDENT). 3 people received more than $100,000 in reportable compensation. Revenue rose 37% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14MInvestment income was negative: −$932K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.7% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.7% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 102.2% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $208,424 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.55% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 3 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.4 | 10.0 |
| Independent voting board members Part VI 1a–1b | 20 of 21 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseAsset oversight: the organization provides asset oversight and services to residents including maintenance in the properties which it has developed or acquired for the purposes of expanding the high quality affordable housing supply in its service area
Housing production and real estate development: the organization develops and facilitates the development of housing that is affordable to low and moderate income buyers and renters in the region. Over the past twenty years, the organization has solidified its reputation as the area's developer of choice for modestly-priced housing. The organization has excelled in the following areas: * the development of affordable and mixed-income neighborhoods throughout the louisville region. * building partnerships to revitalize neighborhoods and abandoned and underutilized urban properties. * leading…
Housing resources: the organization's financial counseling and education program is hud certified. In addition to counseling and education, this program also oversees the sale of our single-family homes by providing affordable housing opportunities to our existing residents and in our community. 248 homeowners were created with the sale of our homes. Over 6,879 homebuyers and potential homebuyers have been assisted in preparing for, or sustaining, home ownership through financial counseling programs. Nearly 1,937 program graduates have purchased homes as a result of the work of the…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $190,034 | $0 | $18,390 | $208,424 |
| EXECUTIVE VICE PRESIDENT Officer, 40.00 hrs/week | $142,602 | $0 | $26,916 | $169,518 |
| DIRECTOR OF ACCOUNTING & F Highest compensated employee, 40.00 hrs/week | $122,029 | $0 | $11,341 | $133,370 |
| DIRECTOR OF CONSTRUCTION Highest compensated employee, 40.00 hrs/week | $101,428 | $0 | $7,960 | $109,388 |
| VICE PRESIDENT (THROUGH MAY 31, 2024) Officer, 40.00 hrs/week | $80,933 | $0 | $2,675 | $83,608 |
| SECRETARY Officer, 40.00 hrs/week | $65,975 | $0 | $2,344 | $68,319 |
| VICE PRESIDENT (EFF OCT 2024) Officer, 40.00 hrs/week | $28,006 | $0 | $292 | $28,298 |
3 people received more than $100,000 in reportable compensation from The Housing Partnership (Part VII, line 2). Compensation of current officers, directors and key employees totaled $801K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b21 · 20 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 546
- Volunteers Part I, line 644
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ABN RESTORATION INC Home construction services | $448,940 |
| LARRY ALLEN HEATING & AIR CONDITIONING Hvac repair and replacement | $367,628 |
| SILVERLAKE--JORGE LICEA BAEZ DBA SILVERL Home construction services | $284,197 |
| GEORGE'S CONSTRUCTION LLC Home construction services | $278,669 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from The Housing Partnership's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Housing Partnership, you can publish a response that is linked from this page.
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Of every $100 The Housing Partnership spent in FY2025, $91.47 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Senior Living FoundationDunwoody, GA · revenue $14M · programs 84.4% · 2025
- Depaul USAChicago, IL · revenue $14M · programs 85.3% · 2025
- Merced Housing TexasSan Antonio, TX · revenue $14M · programs 91.8% · FY2025
- Westminster Retirement Communities FoundationOrlando, FL · revenue $14M · programs 96.3% · FY2025
- Western Region Nonprofit Housing CoSalt Lake City, UT · revenue $14M · programs 85.4% · 2024
All housing & shelter charities · Largest charities in Kentucky
Questions people ask
How much of The Housing Partnership's spending goes to programs?
In the fiscal year ending June 30, 2025, The Housing Partnership reported that 91.5% of its $13.4 million in expenses went to program services, 8.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Housing Partnership pay its top executive?
The largest total compensation The Housing Partnership reported for one person in the fiscal year ending June 30, 2025 was $208,424, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Housing Partnership get its money?
Of $13.7 million in revenue in the fiscal year ending June 30, 2025, 4.7% came from contributions and grants (including 4.7% from government grants) and 102.2% from program service revenue (Form 990, Part VIII).
Is The Housing Partnership a registered charity?
The IRS lists EIN 61-1154315 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641129349300429 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520359349301212 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421019349301812 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330559349301138 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201329349304420 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349301756 · read the filing
All filings for EIN 61-1154315: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.