Quality Development And Construction Inc
- Assets
- $24.3m
- Revenue
- $62.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-0815785
Organization Overview
Quality Development And Construction Inc, operating under the name Quality Development & Construction, is located in Irvine, CA. The organization was established in 2013. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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. Quality Development & Construction 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, Quality Development & Construction generated $62.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $61.7m during the year ending 12/2021. While expenses have increased by 35.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
QUALITY DEVELOPMENT AND CONSTRUCTION, INC. PROVIDES ARCHITECTURAL AND CONSTRUCTION ADMINISTRATION SERVICES TO DEVELOPERS OF AFFORDABLE HOUSING PROJECTS FOR LOW INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE AS A GENERAL CONTRACTOR, TECHNICAL CONSULTANT, DESIGN EXPERT AND CONSTRUCTION MANAGER FOR AFFORDABLE HOUSING DEVELOPMENT IN ORDER TO INCREASE THE QUALITY, COST EFFICIENCY AND SUSTAINABILITY OF THE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wood Chair | OfficerTrustee | 0 | $0 |
Mark Hoover Treasurer | OfficerTrustee | 0 | $0 |
Cesar Covarrubias Secretary | OfficerTrustee | 0 | $0 |
Mary Lynn Coffee Vice Chair | OfficerTrustee | 0 | $0 |
Laura Archuleta President & CEO | Officer | 1 | $0 |
George Searcy Chief Impact Officer | Officer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gary Lewis Electric Electrical | 12/30/21 | $439,226 |
Standard Framing Rough Carpentry And Framing | 12/30/21 | $397,561 |
Capistrano Lighting Lighting Fixtures | 12/30/21 | $198,492 |
Electric & Lighting Solutions Electrical And Lighting | 12/30/21 | $2,463,697 |
3b Enterprises Llc Dry Utilities | 12/30/21 | $146,746 |
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 | $62,299,106 |
| 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 | $62,299,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $800 |
| 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 | $1,282,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $888 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,685 |
| Advertising and promotion | $0 |
| Office expenses | $5,795 |
| Information technology | $53,198 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,474 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,468 |
| All other expenses | $0 |
| Total functional expenses | $61,727,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,791,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,843 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,286,567 |
| Accounts payable and accrued expenses | $22,140,569 |
| 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 | $22,140,569 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $2,145,998 |
| Total liabilities and net assets/fund balances | $24,286,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Development And Construction Inc Irvine, CA | $24,286,567 | $62,299,106 |
The Jewish Home And Senior Living Foundation San Francisco, CA | $68,076,852 | $10,222,778 |
Destination Home Sv Mountain View, CA | $71,636,859 | $46,349,546 |
Montecedro Inc Monrovia, CA | $191,107,434 | $25,965,819 |
Irvine Campus Housing Authority Irvine, CA | $90,291,490 | $26,674,526 |
Jewish Senior Living Group San Francisco, CA | $2,756,319 | $9,175,842 |
Mmm East Inc San Francisco, CA | $118,949,023 | $7,931,673 |
Covia Foundation Glendale, CA | $0 | $7,791,148 |
Housing Promise Corporation Los Angeles, CA | $717,273 | $717,273 |
Claremont Investment Management Company Claremont, CA | $1,000 | $4,500,473 |
Bridge Community Impact San Francisco, CA | $8,316,284 | $4,579,229 |
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |