Housing Development Corporation Of

Organization Overview

Housing Development Corporation Of is located in Wilkesbarre, PA. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Housing Development Corporation Of employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Development Corporation Of is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Housing Development Corporation Of generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LOW AND MODERATE INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING DEVELOPMENT CORPORATION OF NORTHEASTERN PA ACQUIRES, DEVELOPS, AND CONSTRUCTS HOUSING, PRINCIPALLY FOR SALE TO ELIGIBLE LOW AND MODERATE INCOME FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Eugene M Brady
President
$55,176
Attorney Joseph Vullo
Chairman
$0
Fred F Lettieri
Vice President/treasurer
$0
Sandra Rostkowski
Secretary
$0
Lynn Eckrote
Board Member
$0
Tammy Hulsizer
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,440,189
All other contributions, gifts, grants, and similar amounts not included above$5,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,445,189
Total Program Service Revenue$137,538
Investment income $25,700
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $7,898
Net Gain/Loss on Asset Sales $14,448
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,868,979

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Housing Development Corporation Of has recieved totaling $75,000.

Awarding OrganizationAmount
United Way Of Wyoming Valley

Wilkes Barre, PA

PURPOSE: PROGRAM OPERATING COSTS

$75,000
View Grant Recipient Profile

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