Daytona Beach Housing Development Corporation
- Assets
- $2.2m
- Revenue
- $398.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 09/2000
- Data as of
- 06/2022
- EIN
- 59-3638116
Organization Overview
Daytona Beach Housing Development Corporation is located in Daytona Beach, FL. The organization was established in 2000. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Daytona Beach 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 06/2022, Daytona Beach Housing Development Corporation generated $398.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $42.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEEK TO PROVIDE QUALITY, DECENT, SAFE AND SANITARY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS RESIDING IN VOLUSIA COUNTY, FLORIDA, AND AS THE NEED AND/OR OPPORTUNITY MAY ARISE, AREAS BEYOND THE BOUNDARIES OF VOLUSIA COUNTY, FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Murphy Director | 0.2 | $0 | |
Dr Irma Brown-Jamison Director | 0.2 | $0 | |
Sally L Jass Vice Chair | 0.2 | $0 | |
Kelvin J Daniels Chairman | 0.2 | $0 | |
Charles Woodyard CEO | 0.2 | $0 | |
Kim Brown Crawford Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $398,333 |
| Total Revenue | $398,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $540 |
| Occupancy | $4,163 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,598 |
| Total operating and administrative expenses | $42,301 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $42,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,184,539 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $400 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,436 |
| Other assets | $0 |
| Total assets | $2,190,375 |
| Accounts payable and accrued expenses | $427 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $549,186 |
| Total liabilities | $549,613 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Nonprofit Housing Preservations Sb Inc Riviera Beach, FL | $13,108,120 | $31,278,179 |
Jewish Association For Residential Care Inc Boca Raton, FL | $7,062,896 | $8,370,046 |
Habitat For Humanity Of Greater Miami Inc Miami, FL | $44,913,698 | $17,755,764 |
Contemporary Housing Alternatives Of Florida Inc Clearwater, FL | $42,120,344 | $6,399,709 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Housing And Neighborhood Development Services Of Central Orlando, FL | $22,476,842 | $6,815,149 |
Larry Moore Manor Inc Union City, GA | $0 | $4,277,912 |
Rhg-Afforable Housing Ii Inc Atlanta, GA | $13,550,062 | $7,175,901 |
Broadway Towers Inc Atlanta, GA | $17,531,706 | $3,119,210 |
Peninsula Housing Development Inc Iii Miami, FL | $12,244,675 | $3,883,731 |
Clairmont Oaks Inc Decatur, GA | $12,058,022 | $3,642,909 |