Galilee Community Development Corporation
- Assets
- $52.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suitland, MD
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 80-0084759
Organization Overview
Galilee Community Development Corporation is located in Suitland, MD. 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. Galilee Community 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 12/2021, Galilee Community Development Corporation generated $65.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $61.1k during the year ending 12/2021. While expenses have increased by 4.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Lyles Executive Director | 40 | $12,500 | |
Dr Lloyd T Mcgriff Chairman | 8 | $0 | |
George Cooper Vice Chairman | 10 | $0 | |
Tracy Robinson Treasurer | 3 | $0 | |
Angela Kornegay Board Member | 1 | $0 | |
Dianne Timmons Himes Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,547 |
| Total Program Service Revenue | $6,768 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $845 |
| Total Revenue | $65,160 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,640 |
| Total expenses | $61,140 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,101 |
| Other assets | $0 |
| Total assets | $52,804 |
| Total liabilities | $23,757 |
| Net assets or fund balances | $29,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Habitat For Humanity Of The Chesapeake Inc Baltimore, MD | $24,324,066 | $8,169,233 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Greater Berks Development Fund Reading, PA | $39,552,158 | $9,719,449 |
Chisom Housing Group Washington, DC | $40,133,226 | $15,487,472 |
Habitat For Humanity International Inc Philadelphia, PA | $20,358,278 | $15,243,125 |
Lgarpa Corp Turtle Creek, PA | $11,929,864 | $9,395,264 |
Habitat For Humanity International Inc Newport News, VA | $9,861,358 | $8,052,076 |
Wesley Housing Development Corporation Of Northern Virginia Alexandria, VA | $44,230,535 | $12,100,793 |
Habitat For Humanity International Inc Wilmington, DE | $10,048,891 | $7,048,193 |
Chemung View Housing Inc North Bethesda, MD | $48,659,010 | $8,326,428 |
Habitat For Humanity International Inc Richmond, VA | $16,536,878 | $11,681,455 |