Living Development Concepts Inc
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Nashville, TN
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 62-1855943
Organization Overview
Living Development Concepts Inc is located in Nashville, TN. The organization was established in 2002. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Living Development Concepts Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Development Concepts 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 12/2023, Living Development Concepts Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $780.6k during the year ending 12/2023. While expenses have increased by 47.7% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING AND VOLUNTEER PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON MAY 31, 2023 THE BARNES HOUSING TRUST FUND COMMISSION VOTED TO AWARD OUR GRANT FUNDING PROPOSAL TO CONSTRUCT SIX (6) HOMEBUYERS PROJECTS. DURING THE SPRING 2023 FUNDING ROUND WE ALSO RECEIVED SIX (6) DONATED LOTS: 908 28TH AVE. N., 1601 WHELESS ST., DABBS AVE., 8 CANNON ST., EZELL RD. AND 169 OLD HERMITAGE AVE. TO BUILD THESE AFFORDABLE HOUSING.WE WERE AWARDED A GRANT FROM URBAN LEAGUE OF MIDDLE TENNESSEE ON SEPTEMBER 26, 2023 TO HELP BUILD OUR CAPACITY.WE CLOSED OUR PROJECT LOCATED AT 3707 FAIRVIEW DRIVE, NASHVILLE, TN 37218 ON OCTOBER 27, 2023.LDCS CEO, HENRY MILLER, WAS SELECTED FOR THE URBAN LEAGUE OF MIDDLE TENNESSEES INAUGURAL R.E.D. FELLOWSHIP AN 18-MONTH IMMERSIVE LEADERSHIP PROGRAM. HE RECEIVED HIS GRADUATION CERTIFICATE DURING THE R.E.D. ACADEMY GRADUATION SERVICES ON DECEMBER 13, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Miller Executive Director | Officer | 40 | $105,700 |
Edgar Delgado Board Member | Trustee | 0.19 | $0 |
Robert Stockard Jr Board Member | Trustee | 0.19 | $0 |
Deanna L Bean Board Member | Trustee | 0.19 | $0 |
Derrick Miller Vice Chairman | Officer | 0.19 | $0 |
Rashena Wright Chairman | Officer | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,162,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,257,326 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,608 |
| 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 | $1,274,306 |
| 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 | $0 |
| Other salaries and wages | $45,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $233,331 |
| Fees for services: Legal | $5,001 |
| Fees for services: Accounting | $5,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $456,500 |
| Advertising and promotion | $2,195 |
| Office expenses | $1,982 |
| Information technology | $2,230 |
| Royalties | $0 |
| Occupancy | $6,397 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,965 |
| All other expenses | $8,664 |
| Total functional expenses | $780,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,320 |
| 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 | $0 |
| Net Land, buildings, and equipment | $114,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $945,500 |
| Total assets | $1,776,098 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,660 |
| Total liabilities | $1,660 |
| Net assets without donor restrictions | $0 |
| 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 | $1,774,438 |
| Total liabilities and net assets/fund balances | $1,776,098 |