Better Business Bureau Report for
Better Housing Coalition

Better Business Bureau Report issued March 2014
Better Business Bureau Report expires March 2016

This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...

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Charity Contact Information

Name: Better Housing Coalition
Address: 23 W. Broad Street
Suite 100
  Richmond, VA 23219
Phone: 804-644-0546
Web Address:
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Better Business Bureau Comments

Year, State Incorporated: 1988, Virginia
Affiliates: None
Stated Purpose: The Better Housing Coalition changes lives and transforms communities through high quality, affordable housing.

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Evaluation Conclusions


Better Housing Coalition meets the 20 Standards for Charity Accountability.
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The Better Housing Coalition builds, renovates and restores homes to create high-quality, affordable housing. They also provide resident services to help build strong, vibrant communities.

For the fiscal year ended December 31, 2011, Better Housing Coalition's program expenses were:

Rental Properties 11,393,727
Property Development 959,735
Community Social Work 795,405
Total Program Expenses: $13,148,867
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Chief Executive : T. K. Somanath, President & CEO

Chair of the Board: John McCann
Chair's Profession / Business Affiliation: McCann Realty Trust

Board Size: 22

Paid Staff Size: 72

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Fund Raising


Method(s) Used:

Direct mail, invitations to fund raising events, print advertisements, radio, grant proposals, internet
Fund raising costs were 22% of related contributions. (Related contributions, which totaled $1,713,543, are donations received as a result of fund raising activities.)
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Tax Status


This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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The following information is based on Better Housing Coalition's audited financial statements - combined for the fiscal year ended December 31, 2011.

Source of Funds  
Revenue from rental properties 9,185,964
Contributions 1,521,357
Earned development fees 1,108,651
Interest and investment income 231,436
Grants and awards 192,186
Revenue from property sales 124,613
Other revenue 30,298
Total Income $12,394,505


Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 3%  Administrative: 6% 

Total income $12,394,505
Program expenses $13,148,867
Fund raising expenses 383,256
Administrative expenses 855,036
Total expenses $14,387,159
Expenses in Excess of Income (1,992,654)
Beginning net assets 59,527,171
Ending net assets 60,191,693
Total liabilities 48,904,758
Total assets $109,096,451

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