Housing Development Alliance Inc
- Assets
- $8.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 51
- Location
- Hazard, KY
- Founding
- 01/1994
- Data as of
- 06/2021
- EIN
- 61-1253346
Organization Overview
Housing Development Alliance Inc is located in Hazard, KY. The organization was established in 1994. 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 06/2021, Housing Development Alliance Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Development Alliance 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 06/2021, Housing Development Alliance Inc generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
ESTABLISH AFFORDABLE HOUSING FOR LOW-INCOME RESIDENTS OF PERRY, KNOTT, BREATHITT AND LESLIE COUNTIES IN KENTUCKY VIA HOUSING FOR HOMELESS, RENTAL UNITS, HOME REPAIR, ENERGY EFFICIENCY RETROFITS, AND HOMEOWNERSHIP UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME REPAIR. REPAIR AND REHABILITIATION OF EXISTING HOMES FOR LOW INCOME HOMEOWNERS IN THE FOUR COUNTY AREA OF EASTERN KENTUCKY SERVED BY THE ORGANIZATION.
NEW HOME CONSTRUCTION. SITE DEVELOPMENT, CONSTRUCTION, FINANCING OF NEW HOMES FOR LOW INCOME FAMILIES IN THE FOUR COUNTY AREA OF EASTERN KENTUCKY SERVED BY THE ORGANIZATION. HDA STARTED A PAID-ON-THE-JOB TRAINING PROGRAM TO PROVIDE PERSONS IN RECOVERY WITH TRAINING IN ENERGY-EFFICIENT, RESIDENTIAL CONDSTUCTION. TRAINEES WILL BE TRAINED THROUGH CONSTRUCTING MODEST HOMES FOR LOW AND MODERATE INCOME HOMEBUYERS.
RENTAL. THE ORGANIZATION PROVIDES RENTAL UNITS TO LOW INCOME TENANTS IN PERRY COUNTY, KENTUCKY.
OTHER PROGRAMS INCLUDE THE HEAT SQUAD, VOLUNTEER PROGRAM, AND THE OPERATION OF A REVOLVING LOAN FUND FOR THE REHAB AND NEW HOME CLIENTS. THE HEAT SQUAD PROGRAM IS AN ENERGY EFFICIENCY PROGRAM DESIGNED TO PROVIDE TARGETED ENERGY EFFICIENT REPAIRS TO HOMEOWNERS IN THE FOUR COUNTY AREA OF EASTERN KENTUCKY SERVED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Mcreynolds Executive Di | Officer | 40 | $83,370 |
Amie Bedwell CFO | Officer | 40 | $68,387 |
Jonathan Collins Board Chair | OfficerTrustee | 3 | $0 |
Brandon Cornett Treasurer | OfficerTrustee | 3 | $0 |
Bobby Duff Vice Chair | OfficerTrustee | 3 | $0 |
Annie Williams Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Craigs Heating Cooling Construction | 6/29/19 | $241,345 |
Se Ky Installation Llc Construction | 6/29/19 | $164,118 |
Marty Lewis Dba Double Ll Construct Construction | 6/29/19 | $237,238 |
Appalachian Refrigeration Construction | 6/29/19 | $115,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $753,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $354,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,972 |
| Total Program Service Revenue | $2,447,858 |
| Investment income | $10,992 |
| 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 | $3,911,383 |
| 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. | $151,757 |
| Compensation of current officers, directors, key employees. | $30,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,395,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,879 |
| Office expenses | $10,914 |
| Information technology | $13,793 |
| Royalties | $0 |
| Occupancy | $32,424 |
| Travel | $4,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,906 |
| Interest | $49,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,096 |
| Insurance | $60,166 |
| All other expenses | $424,481 |
| Total functional expenses | $3,784,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,157,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,279,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,825,072 |
| Prepaid expenses and deferred charges | $32,103 |
| Net Land, buildings, and equipment | $3,118,847 |
| Investments—publicly traded securities | $4,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $742,973 |
| Total assets | $8,159,788 |
| Accounts payable and accrued expenses | $433,504 |
| 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 | $2,194,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $997,119 |
| Total liabilities | $3,624,894 |
| Net assets without donor restrictions | $1,950,447 |
| Net assets with donor restrictions | $2,584,447 |
| 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 | $8,159,788 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Housing Development Alliance Inc has recieved totaling $162,696.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: TO HELP WITH THE CONSTRUCTION OF THE GURNEY BEND SUBDIVISION | $100,000 |
Whitaker Foundation Inc Lexington, KY PURPOSE: SUPPORT OF PROGRAMS | $25,000 |
Foundation For Appalachian Kentucky Inc Hazard, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $17,500 |
Berea College Berea, KY PURPOSE: SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION | $12,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,154 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
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 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |