Skinker Debalivere Housing Corporation
- Assets
- $4.9m
- Revenue
- $119.9k
- Investments
- $0.0
- Employees
- 1
- Location
- St Louis, MO
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 43-1525109
Organization Overview
Skinker Debalivere Housing Corporation is located in St Louis, MO. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skinker Debalivere Housing 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, Skinker Debalivere Housing Corporation generated $119.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $287.2k during the year ending 12/2021. 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
COMBAT URBAN BLIGHT, COMMUNITY IMPROVEMENT AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FURTHERING ITS PURPOSE OF COMBATING URBAN BLIGHT AND DECAY, ECONOMIC DEVELOPMENT AND STABILIZATION OF NEIGHBORHOOD BLOCKS; THE CORPORATION HAS ACQUIRED RENTAL PROPERTY FOR RENEWAL AND RENTAL OPERATION.
THE CORPORATION HAS ACQUIRED PROBLEM PROPERTIES WHICH HAVE BEEN RESOLD TO OWNER OCCUPANTS FOR REHAB UNDER FINANCING ARRANGEMENTS WITH DEBT FORGIVENESS FOR OWNER OCCUPANCY. THE CORPORATION HAS ENCOURAGED NEW OWNER ACQUISITION & OCCUPANCY OF REHABBED SHINGLE FAMILY HOMES BY OFFERING SMALL PURCHASE GRANTS/LOANS THAT REQUIRE A MINIMUM OF YEARS OF OWNER OCCUPANCY FOR DEBT FORGIVENESS. SDCHC ALSO MAKES INVESTMENTS IN OUR COMMUNITY THROUGH GRANTS & PARTNERSHIPS FOR ECONOMIC GROWTH AND COMMUNITY IMPROVEMENT.
THE CORPORATION IN COOPERATION WITH OTHER COMMUNITY ORGANIZATIONS AND ENTITIES HAS ACQUIRED DISTRESSED PROPERTIES TO BE REHABBED AND SOLD TO NEW OWNER OCCUPANTS OR OWNERSHIP ENTITIES, IN ORDER TO RENEW THESE PROPERTIES, ASSIST IN THE STABILIZATION OF THE SURROUNDING BLOCK(S) AND SERVE AS AN EXAMPLE OF HOW TO SUCCESSFULLY TURN DISTRESSED PROPERTIES AROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bose Secretary | Officer | 1 | $0 |
Erich Friesen Vice-Preside | Officer | 2 | $0 |
Paul Hohmann President | Officer | 3 | $0 |
Alice Stanley Treasurer | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $59,720 |
| Investment income | $11,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,914 |
| 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 | $25,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,037 |
| Fees for services: Management | $8,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10 |
| Office expenses | $157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,481 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,893 |
| Insurance | $0 |
| All other expenses | $6,816 |
| Total functional expenses | $287,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,105 |
| Savings and temporary cash investments | $67,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $490,088 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $859,693 |
| Investments—publicly traded securities | $3,463,494 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,882,481 |
| Accounts payable and accrued expenses | $0 |
| 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 | $621,550 |
| Total liabilities | $621,550 |
| Net assets without donor restrictions | $4,260,931 |
| 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 | $4,882,481 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |