Arizona Housing Development Corporation
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Yuma, AZ
- Founding
- 08/1999
- Data as of
- 06/2023
- EIN
- 86-0927092
Organization Overview
Arizona Housing Development Corporation is located in Yuma, AZ. The organization was established in 1999. 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. Arizona 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 06/2023, Arizona Housing Development Corporation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $345.3k during the year ending 06/2023. While expenses have increased by 17.6% 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
ARIZONA HOUSING DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROMOTING THE GENERAL SOCIAL WELFARE OF THE COMMUNITY THROUGH THE DEVELOPMENT, RENOVATION AND/OR PROVISION OF AFFORDABLE, DECENT, SAFE, SANITARY HOUSING; ORGANIZATIONAL AND PROPERTY MANAGEMENT SERVICES; CONSULTING; TRAINING; RESIDENT SERVICES AND COMMUNITY INITIATIVE PROGRAMS THAT AID IN FOSTERING AN IMPROVED QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY THROUGH THE DEVELOPMENT, RENOVATION AND/OR PROVISION OF AFFORDABLE, DECENT, SAFE, SANITARY HOUSING; ORGANIZATIONAL AND PROPERTY MANAGEMENT SERVICES; CONSULTING; TRAINING; RESIDENT SERVICES AND COMMUNITY INITIATIVE PROGRAMS THAT AID IN FOSTERING AN IMPROVED QUALITY OF LIFE.
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 |
|---|---|---|---|
Augie Clarkson Secretary | Trustee | $0 | |
Ron Contreras Board Member | Trustee | $0 | |
Deb Drysdale Board Member | Trustee | $0 | |
Fernando Quiroz President | Trustee | $0 | |
Russell Tyndall Vice Preside | Trustee | $0 | |
Michael Morrissey Managing Age | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $461,343 |
| Government grants | $453,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $453,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $914,343 |
| Total Program Service Revenue | $246,389 |
| Investment income | $0 |
| 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 | $1,160,732 |
| 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 | $73,851 |
| Fees for services: Legal | $3,551 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $57,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,781 |
| 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 | $41,646 |
| Insurance | $12,844 |
| All other expenses | $7,973 |
| Total functional expenses | $345,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,405 |
| 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 | $1,834,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $528,283 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,716,698 |
| Accounts payable and accrued expenses | $3,674 |
| Grants payable | $0 |
| Deferred revenue | $1,706 |
| 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 | $10,784 |
| Total liabilities | $16,164 |
| Net assets without donor restrictions | $2,700,534 |
| 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 | $2,716,698 |