Excel Development Co Inc
- Assets
- $14.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 34
- Location
- Cincinnati, OH
- Founding
- 12/1988
- Data as of
- 06/2020
- EIN
- 31-1240715
Organization Overview
Excel Development Co Inc is located in Cincinnati, OH. The organization was established in 1988. 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 06/2021, Excel Development Co Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excel Development Co Inc 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 06/2020, Excel Development Co Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $8.6m during the year ending 06/2020. While expenses have increased by 15.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALIFIED INDIVIDUALS AFFORDABLE HOUSING THAT SATISFIES THEIR RESIDENTIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXCEL DEVELOPMENT CO., INC. SUPPORTS SEVERELY MENTALLY ILL INDIVIDUALS AND THEIR FAMILIES IN OVER 1,100 APARTMENTS BY PROVIDING RENTAL SUBSIDIES AND HOUSING SUPPORT IN TWO DIFFERENT PERMANENT SUPPORTIVE HOUSING PROGRAMS. EXCEL DEVELOPMENT CO., INC.'S HOUSING PROGRAMS PROVIDE NECESSARY SUPPORT FOR THEIR CLIENTS TO OBTAIN AND REMAIN IN SUITABLE INDEPENDENT LIVING SITUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Cooley CEO | Officer | 40 | $186,478 |
Deborah Avery CFO | Officer | 40 | $157,637 |
Connie Jones COO | Officer | 40 | $141,985 |
Anita G Kuppin Vice-Chair | OfficerTrustee | 1 | $0 |
Susan M Argo Chairperson | OfficerTrustee | 1 | $0 |
Martin L Ackerman Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tp Home Repair And Construction Construction/remodeling | 6/29/21 | $293,535 |
Bg Landscaping Construction/remodeling/landscaping | 6/29/21 | $186,365 |
Blair Lawncare Lawn Care | 6/29/21 | $116,045 |
Cmd Construction Construction/remodeling | 6/29/21 | $106,858 |
Bed Bug Solutions Cincinnati Exterminating | 6/29/21 | $104,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,416,630 |
| Investment income | $69,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,847,104 |
| Statement of Expenses | |
|---|---|
| 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. | $488,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,342,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,702 |
| Payroll taxes | $235,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,030 |
| Fees for services: Accounting | $27,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,077 |
| Fees for services: Other | $95,371 |
| Advertising and promotion | $0 |
| Office expenses | $207,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,884 |
| 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 | $316,619 |
| Insurance | $144,735 |
| All other expenses | $0 |
| Total functional expenses | $8,561,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,124,056 |
| Savings and temporary cash investments | $17,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,107,432 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,074 |
| Prepaid expenses and deferred charges | $153,814 |
| Investments—publicly traded securities | $2,670,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,910 |
| Total assets | $14,214,242 |
| Accounts payable and accrued expenses | $316,841 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $59,910 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,257,746 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $244,711 |
| Total liabilities | $2,879,208 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,335,034 |
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Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
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Taylor Community Development Corp Taylor, MI | $29,334,174 | $14,242,807 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |