Haywood Street Community Development
- Assets
- $6.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- Data as of
- 12/2023
- EIN
- 85-2431526
Organization Overview
Haywood Street Community Development is located in Asheville, NC. 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. Haywood Street 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 12/2023, Haywood Street Community Development generated $2.5m in total revenue. All expenses for the organization totaled $155.7k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD HIGH QUALITY, DEEPLY AFFORDABLE HOUSING DESIGNED WITH DIGNITY AND BUILT FOR BELONGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HSCD COMPLETED THE PLANNED REDESIGN AFTER THE PURCHASE OF AN ADDITIONAL PARCEL OF LAND ADJACENT TO THE PARCELS PURCHASED IN 2022. EFFORTS OF INFRASTRUCTURE DEVELOPMENT AND SITE WORK CONTINUE TO SUPPORT THE MISSION OF BUILDING DEEPLY AFFORDABLE HOUSING WITH ACCOMPANYING MINISTRIES. A MANAGEMENT FEE CONTRACT IS IN PLACE BETWEEN HAYWOOD STREET CONGREGATION AND HAYWOOD STREET COMMUNITY DEVELOPMENT TO PROVIDE NECESSARY FUNCTIONS SUCH AS FUNDRAISING, ACCOUNTS RECEIVABLE AND PAYABLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mckenzie Dillingham Chair | OfficerTrustee | 5 | $0 |
Meredith Ellison Vice Chair | OfficerTrustee | 5 | $0 |
Dale Freudenberger Treasurer | OfficerTrustee | 2 | $0 |
Kathy Robinson Secretary | OfficerTrustee | 2 | $0 |
Walker Strickland Officer At Large | OfficerTrustee | 5 | $0 |
Donna Ball Board Member | Trustee | 2 | $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 | $2,453,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,453,941 |
| Total Program Service Revenue | $0 |
| Investment income | $32,631 |
| 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 | $2,486,572 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $105,852 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,289 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,364 |
| Advertising and promotion | $0 |
| Office expenses | $7,623 |
| Information technology | $4,685 |
| Royalties | $0 |
| Occupancy | $14,352 |
| 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 | $9,501 |
| Insurance | $859 |
| All other expenses | $0 |
| Total functional expenses | $155,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,406 |
| Savings and temporary cash investments | $3,285,710 |
| Pledges and grants receivable | $140,625 |
| Accounts receivable, net | $0 |
| 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 | $2,540,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,000 |
| Total assets | $6,437,086 |
| Accounts payable and accrued expenses | $184,671 |
| Grants payable | $0 |
| Deferred revenue | $749,000 |
| 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 | $0 |
| Total liabilities | $933,671 |
| Net assets without donor restrictions | $1,153,935 |
| Net assets with donor restrictions | $4,349,480 |
| 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 | $6,437,086 |