Civic Intelligence

Mission First Housing Development Corporation

990 • Fiscal year 2023 • EIN 27-1824650

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

Organization ProfileWWW.MISSIONFIRSTHDC.ORG
1330 New Hampshire Ave NW 116Washington, DC 20036-6350

(215) 557-8484

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.24x

Higher debt load relative to assets than 48% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

1.30x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$256,740

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

88th percentile

35%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

54%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$52,975,449

Up $13,679,092 (+35%) from 2022

Net Assets

Up

$40,010,971

Up $13,345,161 (+50%) from 2022

Liabilities

Up

$12,964,478

Up $333,931 (+2.6%) from 2022

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin96th percentile

Revenue

Up

$9,940,669

Up $3,493,411 (+54%) from 2022

Expenses

Down

$2,499,790

Down $101,722 (-3.9%) from 2022

Net Income

Up

$7,440,879

Up $3,595,133 (+93%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2011: $307,172Liabilities 2011: $682,603Net Assets 2011: -$375,4312011Assets 2012: $1,044,372Liabilities 2012: $1,382,578Net Assets 2012: -$338,2062012Assets 2013: $3,708,983Liabilities 2013: $1,196,669Net Assets 2013: $2,512,3142013Assets 2014: $5,897,145Liabilities 2014: $2,611,724Net Assets 2014: $3,285,4212014Assets 2015: $8,200,535Liabilities 2015: $4,416,374Net Assets 2015: $3,784,1612015Assets 2016: $9,588,560Liabilities 2016: $6,219,187Net Assets 2016: $3,369,3732016Assets 2017: $12,688,465Liabilities 2017: $7,859,955Net Assets 2017: $4,828,5102017Assets 2018: $23,665,397Liabilities 2018: $14,907,568Net Assets 2018: $8,757,8292018Assets 2020: $29,488,324Liabilities 2020: $13,990,644Net Assets 2020: $15,497,6802020Assets 2021: $36,635,688Liabilities 2021: $13,373,056Net Assets 2021: $23,262,6322021Assets 2022: $39,296,357Liabilities 2022: $12,630,547Net Assets 2022: $26,665,8102022Assets 2023: $52,975,449Liabilities 2023: $12,964,478Net Assets 2023: $40,010,9712023Assets 2024: $58,312,816Liabilities 2024: $12,228,508Net Assets 2024: $46,084,3082024

Highlighted filing

2023

Assets$52,975,449
Liabilities$12,964,478
Net Assets$40,010,971
Open 2023 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $581,8082011Expenses 2012: $906,5382012Expenses 2013: $1,031,6652013Revenue 2014: $3,056,551Expenses 2014: $2,283,444Net Income 2014: $773,1072014Revenue 2015: $3,104,791Expenses 2015: $2,606,051Net Income 2015: $498,7402015Revenue 2016: $2,894,486Expenses 2016: $3,309,274Net Income 2016: -$414,7882016Revenue 2017: $3,781,862Expenses 2017: $2,718,360Net Income 2017: $1,063,5022017Revenue 2018: $8,050,070Expenses 2018: $4,120,751Net Income 2018: $3,929,3192018Revenue 2020: $4,346,026Expenses 2020: $2,510,781Net Income 2020: $1,835,2452020Revenue 2021: $10,576,557Expenses 2021: $2,688,613Net Income 2021: $7,887,9442021Revenue 2022: $6,447,258Expenses 2022: $2,601,512Net Income 2022: $3,845,7462022Revenue 2023: $9,940,669Expenses 2023: $2,499,790Net Income 2023: $7,440,8792023Revenue 2024: $9,698,067Expenses 2024: $3,733,898Net Income 2024: $5,964,1692024

Highlighted filing

2023

Revenue$9,940,669
Expenses$2,499,790
Net Income$7,440,879
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$9,940,669
Mission and Program Overview

Mission

Mfhdc is a not-for-profit organization established for the purpose of developing affordable, safe and sustainable housing for people in need with a focus on the vulnerable. Development includes acquisition, rehabilitation, preservation and new construction across the mid-atlantic region.

Mfhdc develops affordable, safe and sustainable housing in the mid-atlantic region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$15,165,921$27,067,539▲ $11,901,618
Accounts Receivable$18,112,090$18,430,286▲ $318,196
Savings and Temporary Cash Investments$342,862$376,333▲ $33,471
Investments Other Securities$133,668$133,668→ $0
Prepaid Expenses and Deferred Charges$1,324$2,067▲ $743
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$39,296,357$52,975,449▲ $13,679,092
Other Assets Total$5,540,492$6,965,556▲ $1,425,064
Liabilities
Other Liabilities$10,460,896$10,293,748▼ $167,148
Mortgage Notes Payable Secured by Investment Property$1,869,683$2,329,846▲ $460,163
Accounts Payable and Accrued Expenses$299,968$340,884▲ $40,916
Total Liabilities$12,630,547$12,964,478▲ $333,931
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,608,042$22,210,032▲ $8,601,990
Net Assets Without Donor Restrictions$13,057,768$17,800,939▲ $4,743,171
Total Net Assets Fund Balance$26,665,810$40,010,971▲ $13,345,161
Total Liabilities and Net Assets / Fund Balance$39,296,357$52,975,449▲ $13,679,092

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$22,903$22,903
Equipment$0$16,515$16,515
Other Assets Org$757,612--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleBaseOtherTotal
Sarah S ConstantSenior VP, Real Estate Dev$232,168$24,572$256,740

Board Members and Trustees

NameTitle
Michael Davidson EsqChair
Thomas Ak QueenanPresident & CEO
Russel JohnsonVice Chair
Chip DarlingVice President & COO
Gina MuldrowBoard Member
Harry G DittmannBoard Member
James KilcoyneBoard Member
Marva WilliamsBoard Member
Robert KwaitAssistant Secretary, VP
Mark DeitcherAssistant Treasurer, VP
Michael SimmonsSecretary
Mark DuffyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,150,000
Program Service Revenue
$3,297,945
Investment Income
$492,724
Other Revenue
$0
Change in Net Assets
$7,440,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,868,438
Other Expenses$631,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$995,176$333,497-$1,328,673
Current Officers, Directors, Trustees, and Key Employees$189,703$67,037-$256,740
Other Employee Benefits$126,978$23,788-$150,766
Interest$142,832--$142,832
Payroll Taxes$78,078$28,734-$106,812
Occupancy$89,167--$89,167
Fees for Services Accounting-$56,368-$56,368
Other Expenses$167$26,618-$26,785
All Other Expenses-$26,168-$26,168
Pension Plan Contributions$469$24,978-$25,447
Fees for Services Other-$20,004-$20,004
Office Expenses-$17,038-$17,038
Conferences and Meetings-$4,859-$4,859
Travel-$3,318-$3,318
Total Functional Expenses$1,712,623$787,167$0$2,499,790
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliated Entities$7,532,229
Developer Fees Payable$1,756,954
Other Accrued Expenses$637,281
Guarantee Liability$193,140
Operating Lease$105,847
Interest Payable$68,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole member of the organization is mission first housing group, inc.”

Form 990, Part VI, Section A, Line 7A

“Mission first housing group, inc. As the sole member, elects the board of directors.”

Form 990, Part VI, Section B, Line 11B

“The review of the 990 is overseen by operating management and the board of directors.”

Form 990, Part VI, Section B, Line 12C

“Monitoring and enforcing compliance annual disclosure statements are reviewed.”

Form 990, Part VI, Section B, Line 15

“The organization's policy is that the ceo, is formally reviewed by the board of directors on an annual basis. At this time, they also discuss salary and benefits for the coming year. The ceo then reviews all directors on an annual basis. The organization provides written job descriptions. During the review process, there is a formal review form which is signed by all parties. Salary and benefits are decided by industry comparability. The organization engages a consultant to review upper level management positions in terms of salary as compared to like/similar positions in the market to determine fair and equitable compensation packages.”

Form 990, Part VI, Section C, Line 19

“The organization provides its governing documents, conflict of interest policy, and financial statements available to the public upon request in either paper hardcopies or electronic copies. In addition, the organization submits its information to online sites such as guidestar and dun & bradstreet.”

Filing and Contact Details

Filer

Filer Name
Mission First Housing Development
EIN
27-1824650
Phone
2155578484
Address
1330 NEW HAMPSHIRE AVE NW 116, WASHINGTON, DC 20036-6350

Signing Officer

Name
Mark Deitcher
Title
CFO
Phone
2155578484
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Ak Queenan
Formed
2010
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
10

Preparer

Firm
Mckonly & Asbury Llp
Address
415 FALLOWFIELD ROAD, CAMP HILL, PA 17011
Preparer
Gary J Dubas
Phone
7177617910
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Amortization of guarantee liabilities, net 372,420.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation adheres to the provisions of asc 740, income taxes (asc 740). Asc 740 establishes rules for recognizing and measuring tax positions taken in an income tax return, including disclosures of uncertain tax positions (utps). Asc 740 mandates that companies evaluate all material income tax positions for periods that remain open under applicable statutes of limitation, as well as positions expected to be taken in future returns. The utp rules then impose a recognition threshold on each tax position. An organization can recognize an income tax benefit only if the position has a "more likely than not" (i.e., more than 50 percent) chance of being sustained on the technical merits. For the years ended june 30, 2023 and 2022, the corporation has taken no material tax positions on its applicable tax filings that do not meet the "more likely than not" threshold. As a result, no amount for utps has been included in the consolidated financial statements. Management believes it is not subject to income tax examinations for years prior to 2020.”

Raw XML AppendixShowing 400 of 1,628 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt06150000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09940669
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0142832
IRS990/InterestGrp/TotalAmt0142832
IRS990/InvestmentIncomeGrp/ExclusionAmt0492724
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0492724
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0133668
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0133668
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt039418
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt039418
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MFHDC IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF DEVELOPING AFFORDABLE, SAFE AND SUSTAINABLE HOUSING FOR PEOPLE IN NEED WITH A FOCUS ON THE VULNERABLE. DEVELOPMENT INCLUDES ACQUISITION, REHABILITATION, PRESERVATION AND NEW CONSTRUCTION ACROSS THE MID-ATLANTIC REGION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01869683
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02329846
IRS990/NetAssetsOrFundBalancesBOYAmt026665810
IRS990/NetAssetsOrFundBalancesEOYAmt040010971
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013057768
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt017800939
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt089167
IRS990/OccupancyGrp/TotalAmt089167
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017038
IRS990/OfficeExpensesGrp/TotalAmt017038
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05540492
IRS990/OtherAssetsTotalGrp/EOYAmt06965556
IRS990/OtherChangesInNetAssetsAmt0372420
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023788
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0126978
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0150766
IRS990/OtherExpensesGrp/Desc0ADMIN. EXPENSES
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/Desc2SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0154760
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126618
IRS990/OtherExpensesGrp/ProgramServicesAmt060561
IRS990/OtherExpensesGrp/ProgramServicesAmt129492
IRS990/OtherExpensesGrp/ProgramServicesAmt2167
IRS990/OtherExpensesGrp/TotalAmt0154760
IRS990/OtherExpensesGrp/TotalAmt160561
IRS990/OtherExpensesGrp/TotalAmt229492
IRS990/OtherExpensesGrp/TotalAmt326785
IRS990/OtherLiabilitiesGrp/BOYAmt010460896
IRS990/OtherLiabilitiesGrp/EOYAmt010293748
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0333497
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0995176
IRS990/OtherSalariesAndWagesGrp/TotalAmt01328673
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt015165921
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt027067539
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028734
IRS990/PayrollTaxesGrp/ProgramServicesAmt078078
IRS990/PayrollTaxesGrp/TotalAmt0106812
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt024978
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0469
IRS990/PensionPlanContributionsGrp/TotalAmt025447
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01324
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02067
IRS990/PrincipalOfficerNm0THOMAS AK QUEENAN
IRS990/PriorPeriodAdjustmentsAmt05531862
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0DEV. & CONSTRUCTION SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1REAL ESTATE SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03104400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1193545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03104400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1193545
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0614400
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0368887
IRS990/PYOtherExpensesAmt0738332
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05463971
IRS990/PYRevenuesLessExpensesAmt03845746
IRS990/PYSalariesCompEmpBnftPaidAmt01863180
IRS990/PYTotalExpensesAmt02601512
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06447258
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt07440879
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03297945
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0342862
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0376333
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0232536730
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt01260 HOUSING DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016515
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016515
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01428733
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11533112
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21099648
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3983197
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt47307
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5305947
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt7750000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt8757612
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATED AND RELATED ENTITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREDEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SUPPORTIVE SERVICE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5INVESTOR SERVICE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7GRANT RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8RIGHT OF USE ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022903
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07532229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11756954
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt268297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3193140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4637281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5105847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATED ENTITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEVELOPER FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3GUARANTEE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OTHER ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5OPERATING LEASE

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,975,449
Liabilities
$12,964,478
Net assets
$40,010,971
Revenue
$9,940,669
Expenses
$2,499,790
Net income
$7,440,879
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.3$12.2$46.1$9.70$3.73$5.96
2023Detailed filing. Detailed filing data is available for this year.$53.0$13.0$40.0$9.94$2.50$7.44
2022Detailed filing. Detailed filing data is available for this year.$39.3$12.6$26.7$6.45$2.60$3.85
2021Detailed filing. Detailed filing data is available for this year.$36.6$13.4$23.3$10.6$2.69$7.89
2020Detailed filing. Detailed filing data is available for this year.$29.5$14.0$15.5$4.35$2.51$1.84
2018Detailed filing. Detailed filing data is available for this year.$23.7$14.9$8.76$8.05$4.12$3.93
2017Detailed filing. Detailed filing data is available for this year.$12.7$7.86$4.83$3.78$2.72$1.06
2016Detailed filing. Detailed filing data is available for this year.$9.59$6.22$3.37$2.89$3.31$0.41
2015Detailed filing. Detailed filing data is available for this year.$8.20$4.42$3.78$3.10$2.61$0.50
2014Detailed filing. Detailed filing data is available for this year.$5.90$2.61$3.29$3.06$2.28$0.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$1.20$2.51$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$1.38$0.34$0.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.68$0.38$0.58