Housing Development Corporation Of Dekalb
- Assets
- $12.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, GA
- Founding
- 01/1990
- Data as of
- 12/2020
- EIN
- 58-1820981
Organization Overview
Housing Development Corporation Of Dekalb is located in Decatur, GA. 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. Housing Development Corporation Of Dekalb 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 12/2020, Housing Development Corporation Of Dekalb generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.3m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE, DECENT, SAFE AND SANITARY DWELLINGS, APARTMENT OR OTHER LIVING ACCOMMODATIONS FOR PERSONS OF LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT CORP OF DEKALB (HDC) DEVELOPS, OWNS, AND MANAGES SINGLE AND MULTI-FAMILY RENTAL PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Corcoran President | OfficerTrustee | 40 | $227,661 |
Keri Taylor VP Of Real Estate | Officer | 40 | $153,352 |
Eugene P Walker Jr CEO | OfficerTrustee | 10 | $146,519 |
Maria Grizzell VP Asset Management/secretary/treasurer | Officer | 40 | $138,444 |
Jamie L Gallehue Regional Property Manager | 40 | $105,327 | |
Dr Glenwood Ross Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $515,300 |
| 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 | $515,300 |
| Total Program Service Revenue | $3,823,248 |
| Investment income | $44,556 |
| 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 | $4,656,666 |
| 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 | $616,891 |
| Other salaries and wages | $1,239,755 |
| Pension plan accruals and contributions | $122,628 |
| Other employee benefits | $91,983 |
| Payroll taxes | $118,145 |
| Fees for services: Management | $530 |
| Fees for services: Legal | $36,029 |
| Fees for services: Accounting | $57,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177 |
| Fees for services: Other | $123,828 |
| Advertising and promotion | $0 |
| Office expenses | $255,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,973 |
| Insurance | $11,770 |
| All other expenses | $0 |
| Total functional expenses | $4,301,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,772,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,058,271 |
| 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 | $42,256 |
| Net Land, buildings, and equipment | $390,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,977,422 |
| Total assets | $12,240,247 |
| Accounts payable and accrued expenses | $1,438,743 |
| 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 | $3,325,228 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,615,517 |
| Total liabilities | $9,379,488 |
| Net assets without donor restrictions | $2,860,759 |
| 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 | $12,240,247 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Housing Development Corporation Of Dekalb has recieved totaling $332,093.
| Awarding Organization | Amount |
|---|---|
Beverly J Searles Foundation Sandy Springs, GA PURPOSE: AFFORDABLE HOUSING FOR LOW-INCOME PERSONS | $332,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |