Harmony Community Development Corporation
- Assets
- $1.8m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 24
- Location
- Dallas, TX
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-1245799
Organization Overview
Harmony Community Development Corporation is located in Dallas, TX. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Harmony Community Development Corporation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmony Community Development Corporation 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, Harmony Community Development Corporation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 45.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING FAMILIES AND REVITALIZING NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - PROGRAM PROVIDES RENT, MORTGAGE AND UTILITY ASSISTANCE TO FAMILIES IN THE COMMUNITY.
HELP - PROGRAM PROVIDES FOOD TO FAMILIES IN THE FOLLOWING ZIP CODES: 75224, 75232, 75223, 75236 AND 75237.
HEALTH - PROGRAM PROVIDES COUNSELING SERVICES TO FAMILIES IN THE COMMUNITY.
HOPE - PROGRAM PROVIDES CAREER COACHING, DEVELOPMENT AND SUPPORT FOR THOSE IN THE COMMUNITY IN ADDITION TO INTERNATIONAL RELIEF EFFORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Mark Porter Executive Director | Officer | 40 | $36,035 |
Shari Hicks Vice Chairman | OfficerTrustee | 2 | $0 |
Susan Bryant Treasurer | OfficerTrustee | 2 | $0 |
Rev Bryan Carter Chairman | OfficerTrustee | 3 | $0 |
Brandi Mckacy Secretary | OfficerTrustee | 2 | $0 |
Zarin Gracey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,231,681 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,404,902 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,808,994 |
| Noncash contributions included in lines 1a–1f | $766,411 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,445,577 |
| Total Program Service Revenue | $22,914 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,468,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,181,363 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,912 |
| Compensation of current officers, directors, key employees. | $16,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $936,630 |
| Pension plan accruals and contributions | $9,251 |
| Other employee benefits | $61,775 |
| Payroll taxes | $49,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $100,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,069 |
| Advertising and promotion | $49,013 |
| Office expenses | $36,272 |
| Information technology | $3,732 |
| Royalties | $0 |
| Occupancy | $174,148 |
| 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 | $36,145 |
| Insurance | $0 |
| All other expenses | $24,804 |
| Total functional expenses | $5,103,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $506,681 |
| Accounts receivable, net | $18,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $63,294 |
| Prepaid expenses and deferred charges | $450 |
| Net Land, buildings, and equipment | $146,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,770,535 |
| Accounts payable and accrued expenses | $202,011 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $202,011 |
| Net assets without donor restrictions | $908,638 |
| Net assets with donor restrictions | $659,886 |
| 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 | $1,770,535 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Harmony Community Development Corporation has recieved totaling $724,737.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $238,309 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $84,716 |
Center For Disaster Philanthropy Inc Washington, DC PURPOSE: THIS GRANT WAS AWARDED FOR RECOVERY FROM THE WINTER STORMS IN TEXAS TO EXPAND THEIR CAPACITY TO PROVIDE COUNSELING SERVICES TO SUPPORT THOSE EXPERIENCED LAYERED TRAUMA FROM THE WINTER STORMS THAT HIT TEXAS IN FEBRUARY. | $75,000 |
Rees-Jones Foundation Dallas, TX PURPOSE: FUNDING TO PROVIDE RESIDENTS OF SOUTHERN DALLAS WITH FREE COUNSELING SERVICES DURING THE COVID-19 PANDEMIC. | $70,000 |
Rees-Jones Foundation Dallas, TX PURPOSE: FUNDING TO SUPPORT THE HIRING OF ADDITIONAL STAFF TO MORE EXPEDIENTLY DISTRIBUTE COVID-19 ASSISTANCE FUNDING TO FAMILIES FACING EVICTION. | $53,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |
Community Council Of South Central Seguin, TX | $2,045,180 | $10,473,350 |
Downtown Dallas Inc Dallas, TX | $7,773,347 | $10,211,090 |
Lakewest Revitalization Foundation Inc Dallas, TX | $0 | $14,279 |
Mid-Delta Community Services Inc Helena, AR | $2,889,498 | $10,056,138 |
Communities Unlimited Inc Fayetteville, AR | $26,843,803 | $9,936,122 |