Delta Housing Development Corporation Dhdc
- Assets
- $7.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Indianola, MS
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 64-0508153
Organization Overview
Delta Housing Development Corporation Dhdc is located in Indianola, MS. The organization was established in 1998. 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 12/2022, Delta Housing Development Corporation Dhdc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Housing Development Corporation Dhdc 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 12/2022, Delta Housing Development Corporation Dhdc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND DEVELOPMENT OF RENTAL HOUSNG FOR LOW- INCOME AND ELDERLY THROUGH MORTGAGES FINANCED BY FMHA.
HOUSING ASSISTANCE TO PERMANENT AND TEMPORARY MIGRANT AND SEASONAL FARMWORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hermon Johnson Sr Board Member | Trustee | 2 | $0 |
Elmo Hickingbottom President | Trustee | 2 | $0 |
Rev Darryl Johnson Vice-President | Trustee | 2 | $0 |
Annette Turner Secretary/treasurer | Trustee | 2 | $0 |
Louis Campbell Board Member | Trustee | 2 | $0 |
Willie Mcdaniel Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,072,548 |
| 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 | $1,072,548 |
| Total Program Service Revenue | $653,652 |
| Investment income | $1,799 |
| 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 | $1,728,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,521 |
| 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 | $407,944 |
| Pension plan accruals and contributions | $3,300 |
| Other employee benefits | $47,055 |
| Payroll taxes | $40,187 |
| Fees for services: Management | $159,941 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,560 |
| Advertising and promotion | $945 |
| Office expenses | $68,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $706,686 |
| Travel | $40,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $391,458 |
| Insurance | $0 |
| All other expenses | $76,769 |
| Total functional expenses | $2,047,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,429 |
| Savings and temporary cash investments | $574,308 |
| Pledges and grants receivable | $21,955 |
| Accounts receivable, net | $176,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | -$50 |
| Prepaid expenses and deferred charges | $68,484 |
| Net Land, buildings, and equipment | $5,564,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $677,168 |
| Total assets | $7,926,929 |
| Accounts payable and accrued expenses | $128,584 |
| 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 | $4,906,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $794,247 |
| Total liabilities | $5,829,321 |
| Net assets without donor restrictions | $2,097,608 |
| 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 | $7,926,929 |