Hometown Community Development Corporation
- Assets
- $13.1m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Upland, CA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 91-1919863
Organization Overview
Hometown Community Development Corporation is located in Upland, CA. 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. As of 12/2022, Hometown Community Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hometown 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 12/2022, Hometown Community Development Corporation generated $11.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. 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
INCREASE VITALITY AND STABILITY OF COMMUNITIES, PROMOTE SUCCESFUL HOME OWNERSHIP, CREATE AFFORDABLE HOUSING OPPORTUNITIES, AND PROVIDE RESOURCES TO LOCAL NONPROFIT COUNSELING AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE VITALITY AND STABILITY OF COMMUNITIES, PROMOTE SUCCESSFUL HOME OWNERSHIP, CREATE AFFORDABLE HOUSING OPPORTUNITIES AND PROVIDE RESOURCES TO LOCAL NONPROFIT COUNSELING AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed Davis President & CEO | Officer | 40 | $175,385 |
Benjamin Stuelke CFO | Officer | 40 | $155,385 |
Rob Morales Chairman | OfficerTrustee | 0 | $0 |
Ryan Campuzano Director | Trustee | 0 | $0 |
Valerie Miller Secretary | Officer | 0 | $0 |
Thomas Taylor Treasurer | Officer | 0 | $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 | $8,575,346 |
| Noncash contributions included in lines 1a–1f | $8,575,346 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,575,346 |
| Total Program Service Revenue | $2,346,000 |
| Investment income | $77,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,753 |
| 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 | $11,019,189 |
| 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. | $330,770 |
| Compensation of current officers, directors, key employees. | $33,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,541 |
| Payroll taxes | $19,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,627 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,824 |
| Advertising and promotion | $12,018 |
| Office expenses | $1,977 |
| Information technology | $15,297 |
| Royalties | $0 |
| Occupancy | $64,483 |
| Travel | $2,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,016 |
| Interest | $26,582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,394 |
| All other expenses | $596 |
| Total functional expenses | $2,821,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,335,007 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,337,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,893 |
| Total assets | $13,148,767 |
| Accounts payable and accrued expenses | $247,555 |
| Grants payable | $0 |
| Deferred revenue | $100 |
| 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 | $262,500 |
| Unsecured mortgages and notes payable | $153,900 |
| Other liabilities | $5,113 |
| Total liabilities | $669,168 |
| Net assets without donor restrictions | $12,479,599 |
| 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 | $13,148,767 |