Guildfield Housing Development Corporation

Organization Overview

Guildfield Housing Development Corporation is located in Dry Fork, VA. The organization was established in 1982. 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. Guildfield Housing Development 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, Guildfield Housing Development Corporation generated $221.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $153.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY HOUSING FOR LOW TO MODERATE INCOME RESIDENTS OF THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OPERATE A 30-UNIT APARTMENT COMPLEX FOR LOW TO MODERATE INCOME RESIDENTS IN CHATHAM, VA UNDER SECTION 515 OF THE NATIONAL HOUSING ACT.


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Board, Officers & Key Employees

Name (title)Compensation
Gloria Echols
Vice President
$0
Thelma Dickerson
Treasurer
$0
Bernard Motley
President
$0
Katie Jones
Secretary
$0
Reva Morton
Agent
$0
Charles Davis
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $141,479
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$141,479
Total Program Service Revenue$75,105
Investment income $217
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 $221,659

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