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Georgia · Nonprofit

Housing Economic Reinvestment Opportunities Inc

Housing Economic Reinvestment Opportunities Inc (Georgia) receives grants from 1 organization whose IRS filings report $0 to it, the largest being CHARITY CARS INC AKA 1-800-CHARITY CARS FREE CHARITY CARS ($0). 0 of them have funded it in more than one year.

Revenue FY2024
$6.0M
Funders on record
1
Grants received
$0
Net assets
$11M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What Housing Economic Reinvestment Opportunities Inc does

Mission

The entity's purpose is to provide housing and economic opportunities for low and very-low income people and families.

As stated on its FY2024 Form 990.

Program

  1. Provide housing and economic opportunities for low and very-low income people and families.

    $6,737,944 spent
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $6,737,944.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($5.5M) Expenses 100 ($6.0M) Net assets 100 ($16M)2018 Revenue 100 ($5.5M) Expenses 103 ($6.2M) Net assets 93 ($15M)2019 Revenue 119 ($6.6M) Expenses 102 ($6.1M) Net assets 96 ($15M)2020 Revenue 101 ($5.6M) Expenses 98 ($5.9M) Net assets 94 ($15M)2021 Revenue 103 ($5.7M) Expenses 108 ($6.5M) Net assets 89 ($14M)2022 Revenue 102 ($5.6M) Expenses 108 ($6.5M) Net assets 83 ($13M)2023 Revenue 97 ($5.4M) Expenses 112 ($6.7M) Net assets 74 ($12M)2024 Revenue 109 ($6.0M) Expenses 114 ($6.9M) Net assets 69 ($11M)
'17'18'19'20'21'22'23'24
Revenue (109)Expenses (114)Net assets (69)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $21M to $19M (−7%).

$24M
$24M
$23M
$22M
$22M
$21M
$19M
$18M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

0% of Housing Economic Reinvestment Opportunities Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 8 reported years ran a deficit.

−$498k
’17
−$699k
’18
$426k
’19
−$329k
’20
−$801k
’21
−$863k
’22
−$1.4M
’23
−$847k
’24
20
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Michael T Austin

CEO/Secretary

Board chair

Jeff C Batcher

Chair

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2018 and FY2019 filings.

'17'18'19'20'21'22'23'24
Listed88999988
Joined·+0+2+0+1+0+2+1
No longer listed·0101031
03Who funds it
04Its place in the field

Against its field

Housing Economic Reinvestment Opportunities Inc holds deeper cash reserves than three-quarters of the 3,973 housing & shelter nonprofits its size.

Operating margin−14% · bottom quartile
Months of reserve20.4mo · top quartile
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024

Organizations like Housing Economic Reinvestment Opportunities Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Georgia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

6
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

0%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Housing Economic Reinvestment Opportunities Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Housing Economic Reinvestment Opportunities Inc?
Housing Economic Reinvestment Opportunities Inc (Georgia) receives grants from 1 organization whose IRS filings report $0 to it, the largest being CHARITY CARS INC AKA 1-800-CHARITY CARS FREE CHARITY CARS ($0). 0 of them have funded it in more than one year.
How many funders does Housing Economic Reinvestment Opportunities Inc have?
IRS filings report 1 organization giving $0 in grants to Housing Economic Reinvestment Opportunities Inc.
Who is the largest funder of Housing Economic Reinvestment Opportunities Inc?
CHARITY CARS INC AKA 1-800-CHARITY CARS FREE CHARITY CARS is the largest funder on record, with $0 in grants. The full list of funders is on this page.
How can an organization like Housing Economic Reinvestment Opportunities Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Georgia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing