House Of David Preservation Inc is located in Kansas City, MO. The organization was established in 2014. 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 09/2021, House Of David Preservation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Of David Preservation 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 09/2021, House Of David Preservation Inc generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $6.9m during the year ending 09/2021. 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
THE ORGANIZATION PROVIDES AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND LOW INCOME PERSONS AND FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND LOW INCOME PERSONS AND FAMILIES UNDER SECTION 8, SECTION 202 AND SECTION 811 OF THE NATIONAL HOUSING ACT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rabbi Israel Wilhelm President | OfficerTrustee | 2 | $18,613 |
Rabbi Abraham Lapine Treasurer | Trustee | 2 | $0 |
Ruth Schwimmer Secretary | Trustee | 2 | $0 |
Rabbi Levi Brook Vice President | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,369,770 |
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 | $3,369,770 |
Total Program Service Revenue | $1,422,281 |
Investment income | $229,175 |
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 | $5,021,226 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,149,122 |
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. | $19,536 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $990,558 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $116,442 |
Payroll taxes | $89,231 |
Fees for services: Management | $340,764 |
Fees for services: Legal | $9,655 |
Fees for services: Accounting | $101,633 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $992,540 |
Advertising and promotion | $36,870 |
Office expenses | $99,855 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,057,260 |
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 | $642,920 |
Insurance | $39,050 |
All other expenses | $0 |
Total functional expenses | $6,862,058 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $242,836 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $542,103 |
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 | $153,616 |
Net Land, buildings, and equipment | $26,671,395 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $7,269,807 |
Intangible assets | $0 |
Other assets | $3,586,387 |
Total assets | $38,466,144 |
Accounts payable and accrued expenses | $1,177,447 |
Grants payable | $0 |
Deferred revenue | $43,246 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $115,030 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $24,140,017 |
Unsecured mortgages and notes payable | $7,266,759 |
Other liabilities | $0 |
Total liabilities | $32,742,499 |
Net assets without donor restrictions | $5,723,645 |
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 | $38,466,144 |
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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 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
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Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
Residential Options Inc Alton, IL | $11,785,898 | $11,284,358 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |