Highland Park Community Development
- Assets
- $5.2m
- Revenue
- $330.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1994
- Data as of
- 12/2023
- EIN
- 25-1702825
Organization Overview
Highland Park Community Development is located in Pittsburgh, PA. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Park Community Development 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 12/2023, Highland Park Community Development generated $330.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $299.8k during the year ending 12/2023. While expenses have increased by 26.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS COMMUNITY REVITALIZATION, THROUGH THE REMOVAL OF NEIGHBORHOOD ECONOMIC BLIGHT, CREATION OF JOBS, AND THE DEVELOPMENT OF AFFORDABLE HOUSING. THE PRIMARY ACTIVITY OF THE ORGANIZATION IS GUIDED BY A COMPREHENSIVE COMMUNITY PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS CURRENTLY ACCOMPLISHING ITS MISSION BY REHABILITATING VACANT, CRIME RIDDEN AND VISUALLY BLIGHTED PROPERTIES, WHICH WILL THEN BE SOLD UNDER AN AFFORDABLE HOMEOWNERSHIP PROGRAM. THE ORGANIZATION CONTINUES ITS REHABILITATION OF VACANT STRUCTURES WITHIN THE 900 BLOCK OF MELLON STREET AND THE 5800 BLOCK OF THE BRYANT STREET BUSINESS DISTRICT, WITH THE GOAL OF PROVIDING NEW AFFORDABLE HOUSING AND ATTRACTING NEW BUSINESS, WHICH, IN TURN, CREATES NEW JOBS WITHIN THE COMMUNITY FOR ITS RESIDENTS. THE ORGANIZATION HAS COMPLETED THE RENOVATION OF THREE PROPERTIES TO DATE ON BRYANT STREET.
TO ACCOMPLISH PART OF ITS GOALS, THE ORGANIZATION HAS FORMED SEVERAL PARTNERSHIPS (STANTON AVE ASSOCIATES, BRYANT STREET PHASE II LP, BRYANT STREET SECOND PHASE LLC AND BRYANT STREET PHASE THREE LP). THESE PARTNERSHIPS HAVE ATTRACTED IMPORTANT EXPERTISE AND HAVE RAISED INVESTMENT CAPITAL TO TURN THESE PROPERTIES AROUND, WHILE HELPING THE ORGANIZATION TO ACCOMPLISH ITS MISSION OF CREATING NEW JOBS AND DEVELOPING AFFORDABLE HOUSING. THE NEGATIVE REVENUES ARE THE NET (LOSSES) FLOWING THROUGH FROM THE PARTNERSHIPS SCHEDULE K-1S.
THE ORGANIZATION ALSO MANAGES SOME OF THE PROPERTIES THAT IT HAS RETAINED, INCLUDING 1125 HIGHLAND(RETAIL SPACE FOR COFFEE SHOP), 839 MELLON (A 7 UNIT APARTMENT BUILDING) AND 5801 BRYANT STREET(FIRST FLOOR RESTAURANT AND UPPER FLOOR RESIDENTIAL HOUSING). THESE PROPERTIES PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND NEW JOB OPPORTUNITIES WITH NEW BUSINESSES, WHILE FOSTERING NEIGHBORHOOD GROWTH AND PROVIDING NEEDED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Meade Director | Trustee | 1 | $0 |
Francisco Escalante Vice President | OfficerTrustee | 5 | $0 |
Rudolph Maceyko Secretary | OfficerTrustee | 2 | $0 |
David Hance President | OfficerTrustee | 10 | $0 |
Ernest Hogan Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,418 |
| Total Program Service Revenue | $187,719 |
| Investment income | $2,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $231,725 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,889 |
| Insurance | $3,619 |
| All other expenses | $0 |
| Total functional expenses | $299,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,914 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,955 |
| Loans from Officers, Directors, or Controlling Persons | $303,997 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,125,923 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,597,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,158,817 |
| Accounts payable and accrued expenses | $99,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,233 |
| Secured mortgages and notes payable | $1,599,746 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,185,536 |
| Total liabilities | $2,893,289 |
| Net assets without donor restrictions | $2,265,528 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,158,817 |