Henry Development Corporation is located in Arlington, SD. The organization was established in 1974. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Henry Development Corporation generated $33.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $29.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATES RENTAL HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENT OF ELIGIBLE OCCUPANTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sarah Steffensen Manager | 10 | $6,060 | |
Fain Geiger President | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $33,812 |
Membership dues | $0 |
Investment income | $17 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $33,829 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $6,060 |
Professional fees and other payments to independent contractors | $60 |
Occupancy, rent, utilities, and maintenance | $17,218 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $6,591 |
Total expenses | $29,929 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $32,966 |
Other assets | $0 |
Total assets | $100,115 |
Total liabilities | $15,736 |
Net assets or fund balances | $84,379 |
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