Algood Housing Development Corporation
- Assets
- $180.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cookeville, TN
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 62-1030941
Organization Overview
Algood Housing Development Corporation is located in Cookeville, TN. The organization was established in 1982. 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. Algood 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 12/2023, Algood Housing Development Corporation generated $100.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $86.9k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HOUSING FOR THE ELDERLY AND LOW-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Marshall Judd President | 2 | $0 | |
Elaine Herda Vice Preside | 2 | $0 | |
Lavonna Phy Secretary | 2 | $0 | |
Patt Judd Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,705 |
| Total Program Service Revenue | $65,925 |
| Membership dues | $0 |
| Investment income | $47 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,677 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,024 |
| Professional fees and other payments to independent contractors | $10,620 |
| Occupancy, rent, utilities, and maintenance | $8,899 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50,329 |
| Total expenses | $86,872 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $156,034 |
| Other assets | $0 |
| Total assets | $180,799 |
| Total liabilities | $81,683 |
| Net assets or fund balances | $99,116 |