STERLING HOUSING INC | FAHE INC

BEREA, KY | Madison County
Affordable Housing

Overview

STERLING HOUSING INC | FAHE INC
61-1227058
319 OAK ST
BEREA, KY 40403
Madison County
(859) 986-2321

Mission Statement info

STERLING HOUSING, INC. IS A NONPROFIT ORGANIZATION THAT WAS FORMED ON JUNE 9, 1992 FOR THE PURPOSE TO PROMOTE THE PRESERVATION OF HOUSING FOR LOW AND MODERATE INCOME RESIDENTS OF CENTRAL APPALACHIA; TO PROVIDE RESOURCES TO HOUSING DEVELOPMENT CORPORATIONS AND ORGANIZATIONS TO FACILITATE THE PROVISION OF HOUSING FOR LOW AND MODERATE INCOME RESIDENTS IN CENTRAL APPALACHIA; TO CONDUCT RESEARCH AS RELATED TO THE PRODUCTION AND DESIGN OF LOW AND MODERATE INCOME HOUSES IN CENTRAL APPALACHIA; TO CARRY OUT ALL OTHER ACTIVITIES RELATED TO THE CIVIC BETTERMENT AND SOCIAL IMPROVEMENT OF LOW AND MODERATE INCOME FAMILIES IN CENTRAL APPALACHIA.

Founded info
Not reported
Total Employees info
0
Total Volunteers info
Not reported
CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L22

L - Housing, Shelter

Senior Citizens Housing & Retirement Communities

Residential options exclusively for older adults who want to have a simpler, maintenance-free lifestyle and enjoy the company of peers with common interests, or who require a moderate amount of support in the activities of daily living to maintain independent living.

IRS Activity Codes info
380
Low-income housing
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
623312
Assisted Living Facilities for the Elderly

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$13
Revenue
$13
Assets
$10.4K
Exempt Ruling Date info
1992-12
Deductibility Status info
Not Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
KY
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
319 OAK ST
BEREA, KY 40403
Madison County
FIPS Geocoded Address info
40080
MSA/CBSA info
21
State info
151
County info
0112.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Richmond-Berea, KY
Combined Statistical Area info
Lexington-Fayette--Richmond--Frankfort, KY
Metropolitan Division info
Not located in an MD.
Area Type info
Micropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 7.64%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0112.00 Madison County
Population
Total Population 5,782 90,802
Total Households 2,380 33,359
Income
Median Family Income (Census*) $48,893 $50,060
Median Family Income (2019 FFIEC) $49,800 N/A
Tract Income Percentage 106.32% N/A
Below Poverty Level 21.9% 18.9%
Unemployment Level 5.1% 5.8%
Housing
Total Housing Units 2,696 36,707
Total Owner-Occupied Units 44.3% 59.1%
Total Renter-Occupied Units 44.0% 40.9%
Total Vacant Units 11.7% 6.1%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

3
Total Voting Members
in Governing Body
info
3
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Sara Morgan
President
Principal Officer info
Sara Morgan
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.