Civic Intelligence

Housing Development Corporation

EIN 31-1526415 • 501(c)3 • Huntington, WV

Profile

Promote and advance decent, safe and sanitary housing for persons of low and moderate income, the elderly, disadvantaged or infirm, in the cabell- wayne counties and surrounding metropolitan area of west virginia.

PO Box 2256Huntington, WV 25723-2256

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

5.28x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

11th percentile

-25%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$9,042,835

Up $2,728,483 (+43%) from 2023

Liabilities

Up

$9,823,554

Up $2,320,378 (+31%) from 2023

Net Assets

Up

-$780,719

Up $408,105 (+34%) from 2023

Revenue

Up

$1,861,830

Up $708,569 (+61%) from 2023

Expenses

Up

$2,427,913

Up $718,146 (+42%) from 2023

Net Income

Down

-$566,083

Down $9,577 (-1.7%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2017: $8,308,685Liabilities 2017: $6,965,595Net Assets 2017: $1,343,0902017Assets 2018: $8,347,998Liabilities 2018: $7,639,384Net Assets 2018: $708,6142018Assets 2019: $7,967,500Liabilities 2019: $7,817,071Net Assets 2019: $150,4292019Assets 2020: $8,037,217Liabilities 2020: $7,596,320Net Assets 2020: $440,8972020Assets 2021: $7,568,712Liabilities 2021: $7,306,823Net Assets 2021: $261,8892021Assets 2022: $6,740,598Liabilities 2022: $7,372,916Net Assets 2022: -$632,3182022Assets 2023: $6,314,352Liabilities 2023: $7,503,176Net Assets 2023: -$1,188,8242023Assets 2024: $9,042,835Liabilities 2024: $9,823,554Net Assets 2024: -$780,7192024

Highlighted filing

2024

Assets$9,042,835
Liabilities$9,823,554
Net Assets-$780,719

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $2,856,352Expenses 2017: $3,257,019Net Income 2017: -$400,6672017Revenue 2018: $2,825,874Expenses 2018: $3,460,350Net Income 2018: -$634,4762018Revenue 2019: $3,090,076Expenses 2019: $3,648,261Net Income 2019: -$558,1852019Revenue 2020: $4,747,372Expenses 2020: $4,456,904Net Income 2020: $290,4682020Revenue 2021: $3,802,833Expenses 2021: $3,981,841Net Income 2021: -$179,0082021Revenue 2022: $3,293,361Expenses 2022: $4,187,568Net Income 2022: -$894,2072022Revenue 2023: $1,153,261Expenses 2023: $1,709,767Net Income 2023: -$556,5062023Revenue 2024: $1,861,830Expenses 2024: $2,427,913Net Income 2024: -$566,0832024

Highlighted filing

2024

Revenue$1,861,830
Expenses$2,427,913
Net Income-$566,083

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$1,861,830
Mission and Program Overview

Mission

Promote and advance decent, safe and sanitary housing for persons of low and moderate income, the elderly, disadvantaged or infirm, in the cabell-wayne counties and surrounding metropolitan area of west virginia.

Provide and advance decent, safe housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,886,179$6,997,020▲ $2,110,841
Accounts Receivable$858,250$1,449,893▲ $591,643
Other Notes and Loans Receivable, Net$398,367$398,367→ $0
Savings and Temporary Cash Investments$90,020$127,740▲ $37,720
Prepaid Expenses and Deferred Charges$42,647$29,457▼ $13,190
Investments Program Related$32,472$22,511▼ $9,961
Cash and Non-Interest-Bearing Accounts$6,417$17,847▲ $11,430
Total Assets$6,314,352$9,042,835▲ $2,728,483
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,777,152$6,500,459▲ $723,307
Accounts Payable and Accrued Expenses$1,667,428$3,236,837▲ $1,569,409
Other Liabilities$58,596$83,499▲ $24,903
Deferred Revenue-$2,759-
Total Liabilities$7,503,176$9,823,554▲ $2,320,378
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,188,824$-780,719▲ $408,105
Total Net Assets Fund Balance$-1,188,824$-780,719▲ $408,105
Total Liabilities and Net Assets / Fund Balance$6,314,352$9,042,835▲ $2,728,483

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,458,143$8,445,522$13,903,665
Land$1,509,288-$1,509,288
Equipment$17,559$861,822$879,381
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,705,643
Investment Income
$1,898
Other Revenue
$154,289
Change in Net Assets
$-566,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,861,830
Total Revenue per Audited Statements
$1,861,830
Total Revenue per Form 990
$1,861,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,859,316
Salaries, Compensation, and Employee Benefits$568,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$753,635--$753,635
Depreciation Depletion$354,040$147,973-$502,013
Other Salaries and Wages$324,288$81,072-$405,360
Insurance-$184,350-$184,350
Other Employee Benefits$96,929$24,232-$121,161
Interest$104,194--$104,194
Office Expenses-$46,292-$46,292
Payroll Taxes$33,661$8,415-$42,076
Fees for Services Accounting-$25,650-$25,650
Other Expenses$21,492$5,782-$21,492
All Other Expenses$10,205$7,285-$17,490
Travel$8,584$1,340-$9,924
Total Functional Expenses$1,895,367$532,546$0$2,427,913

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,427,913
Total Expenses per Audited Statements$2,427,913
Total Expenses per Form 990$2,427,913
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
Other Liabilities$83,499
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the organization's senior accountant and treasurer then presented to the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 18

Form 990 is maintained at the housing development corporation's administrative offices located at 300 west 7th avenue, huntington, wv and is available for public inspection upon request.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available by request.

Filing and Contact Details

Filer

Filer Name
Housing Development Corporation
EIN
31-1526415
Phone
3045264400
Address
PO BOX 2256, HUNTINGTON, WV 25723-2256

Signing Officer

Name
Larry Ellis
Title
Vice President
Phone
3045264400
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Ellis
Formed
1997
Legal Domicile
Wv
Voting Board Members
8
Independent Board Members
8
Employees
127

Preparer

Firm
Hess Stewart & Campbell Pllc
Address
611 3RD AVE SUITE 100, HUNTINGTON, WV 25701-1060
Preparer
Charles M Morris CPA
Phone
3045236464
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Parkview net assets 974,188

Form 990, Part XII

Process unchanged from prior years.

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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/ReconcilationRevenueExpnssAmt0-566083
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt090020
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0127740
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0639,922
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01210379
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01210379
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt057
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01340
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01859932
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01153221
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03288626
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03430798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03180484
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012913061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01340
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06172
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0898
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0898
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0-190823
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0371978
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0458767
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0639922
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95620
IRS990ScheduleA/PublicSupportPY509Pct00.94910
IRS990ScheduleA/PublicSupportTotal509Amt014123440
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01859932
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01153221
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03288626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03430798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04390863
IRS990ScheduleA/Total509Grp/TotalAmt014123440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01860830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01153261
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03102538
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03802833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04850970
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014770432
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05458143
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08445522
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013903665
IRS990ScheduleD/EquipmentGrp/BookValueAmt017559
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0861822
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0879381
IRS990ScheduleD/ExpensesSubtotalAmt02427913
IRS990ScheduleD/LandGrp/BookValueAmt01509288
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01509288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083499
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt01861830
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06984990
IRS990ScheduleD/TotalExpensesPerForm990Amt02427913
IRS990ScheduleD/TotalLiabilityAmt083499
IRS990ScheduleD/TotalRevenuePerForm990Amt01861830
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01861830
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02427913
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE ORGANIZATION'S SENIOR ACCOUNTANT AND TREASURER THEN PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS MAINTAINED AT THE HOUSING DEVELOPMENT CORPORATION'S ADMINISTRATIVE OFFICES LOCATED AT 300 WEST 7TH AVENUE, HUNTINGTON, WV AND IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PARKVIEW NET ASSETS 974,188
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS UNCHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0HOUSING DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0GILMER AFFORDABLE DEVELOPMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0464335031
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0WV
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0EQUITY INV
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 2256
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0HUNTINGTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0WV
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd025701
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0542141787
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0WV
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0DEVELOP AN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0AFFORDABLE HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0300 WEST SEVENTH AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0HUNTINGTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0WV
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd025701
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0HOUSING DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1HOUSING DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2HOUSING DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt3HOUSING DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt4AFFORDABLE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt5HOUSING DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt6HOUSING DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd2false
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd5false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd6false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0260508130
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1611469986
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2300172502
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN3113697640
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN4571174456
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN5542177527
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN6460648621
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1true
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd3true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd4true

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