Galilee Community Development
- Assets
- $2.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 9
- Location
- San Angelo, TX
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 75-2865891
Organization Overview
Galilee Community Development is located in San Angelo, TX. The organization was established in 2002. 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, Galilee Community Development employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galilee Community Development 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, Galilee Community Development generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 16.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND RESTORE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME RESIDENTS THROUGHOUT THE CONCHO VALLEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION AND REHABILITATION OF SINGLE FAMILY HOMES AND DUPLEXES, AS WELL AS, SENIOR CITIZEN COMPLEXES, AND NEIGHBORHOOD CENTERS FOR LOW TO MODERATE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Hamby Executive Dir. | Officer | 45 | $81,370 |
Gloria Pope Director | Trustee | 1 | $0 |
Irene Guzman Director | Trustee | 1 | $0 |
Brock Vargas Director | Trustee | 1 | $0 |
Rudy Munoz Jr Director | Trustee | 1 | $0 |
Rusty Bartholomeo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $882,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $952,066 |
| Total Program Service Revenue | $1,895,946 |
| Investment income | $1,914 |
| 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 | $2,849,926 |
| 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. | $81,370 |
| Compensation of current officers, directors, key employees. | $10,578 |
| Compensation to disqualified persons | $345,777 |
| Other salaries and wages | $0 |
| 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 | $29,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91 |
| Advertising and promotion | $3,678 |
| Office expenses | $3,969 |
| Information technology | $1,770 |
| Royalties | $0 |
| Occupancy | $7,204 |
| Travel | $1,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,099 |
| Interest | $697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,037 |
| Insurance | $30,640 |
| All other expenses | $13,910 |
| Total functional expenses | $2,888,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,681 |
| 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 | $19,674 |
| Net Land, buildings, and equipment | $958,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $531,086 |
| Total assets | $2,103,448 |
| Accounts payable and accrued expenses | $17,454 |
| 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 | $3,400 |
| Secured mortgages and notes payable | $144,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,000 |
| Total liabilities | $181,071 |
| Net assets without donor restrictions | $1,839,148 |
| Net assets with donor restrictions | $83,229 |
| 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 | $2,103,448 |