The Housing Foundation, Inc. provides housing subsidies to needy families who qualify under certain income...
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The Housing Foundation, Inc. provides housing subsidies to needy families who qualify under certain income guidelines. Federated Charities, a community outreach organization, arranges for families to apply for aid from the Housing Foundation, receives rent and other subsidies on the behalf of specific families, and pays housing related costs eg rents, utilities, etc. directly to landlords and others based on the applications approved by the Foundation. Cash received by Federated Charities from the Housing Foundation would be reported as:aContributions.bRent Revenues.cA liability.dNote disclosure only.
The Housing Foundation, Inc. provides housing subsidies to needy families who qualify under certain income guidelines. Federated Charities, a community outreach organization, arranges for families to apply for aid from the Housing Foundation, receives rent and other subsidies on the behalf of specific families, and pays housing related costs eg rents, utilities, etc. directly to landlords and others based on the applications approved by the Foundation. Cash received by Federated Charities from the Housing Foundation would be reported as:
a
Contributions.
b
Rent Revenues.
c
A liability.
d
Note disclosure only.
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