Great Valley Housing Development Corporation
- Assets
- $10.2m
- Revenue
- $895.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Modesto, CA
- Founding
- 03/2004
- Data as of
- 09/2023
- EIN
- 77-0526246
Organization Overview
Great Valley Housing Development Corporation is located in Modesto, CA. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Valley 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 09/2023, Great Valley Housing Development Corporation generated $895.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $941.7k during the year ending 09/2023. While expenses have increased by 16.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING PROVIDED UNDER SECTION 202 AND SECTION 8 OF THE NATIONAL HOUSING ACT. THE BENEFICIARIES OF OUR PROGRAM ACHIEVEMENTS RECEIVE MUCH BETTER HOUSING THAN THEY WOULD HAVE WITHOUT OUR SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDALE HOUSING PROVIDED UNDER SECTION 202 AND SECTION 8 OF THE NATIONAL HOUSING ACT. THE BENEFICIARIES OF OUR PROGRAM ACHIEVEMENTS RECEIVE MUCH BETTER HOUSING THAN THEY WOULD HAVE WITHOUT OUR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Dirk Hoek President | OfficerTrustee | 1 | $0 |
Greg Raynes Secretary | OfficerTrustee | 1 | $0 |
Nancy Anderson Director | Trustee | 1 | $0 |
Kenneth Cheeseman Director | Trustee | 1 | $0 |
B Carl Edwards Director | Trustee | 1 | $0 |
Noe Paramo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $894,174 |
| Investment income | $76 |
| 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 | $895,353 |
| 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 | $89,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,014 |
| Payroll taxes | $7,410 |
| Fees for services: Management | $39,151 |
| Fees for services: Legal | $5,018 |
| Fees for services: Accounting | $2,782 |
| 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 |
| Office expenses | $4,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $158,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,827 |
| Insurance | $34,118 |
| All other expenses | $65,977 |
| Total functional expenses | $941,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,590 |
| Savings and temporary cash investments | $509,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,885 |
| 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 | $3,464 |
| Net Land, buildings, and equipment | $8,569,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $468,067 |
| Total assets | $10,219,852 |
| Accounts payable and accrued expenses | $269,244 |
| Grants payable | $0 |
| Deferred revenue | $3,781 |
| 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 | $8,867,527 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,657,719 |
| Total liabilities | $10,798,271 |
| Net assets without donor restrictions | -$578,419 |
| 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 | $10,219,852 |