Civic Intelligence

Gainesville Housing Development & Management Corporation

EIN 46-4552701 • 501(c)3 • Gainesville, FL

Profile

Ghdmc provides affordable housing to low & moderate income households in the city of gainesville, florida & the county of alachua, florida

1900 SE 4th STREETGainesville, FL 32641

n/A

Siviq Scores

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

Liabilities / Assets

85th percentile

0.58x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.76x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M 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

20th percentile

-6.3%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-2.0%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,717,013

Down $115,576 (-6.3%) from 2023

Liabilities

Down

$997,768

Down $44,134 (-4.2%) from 2023

Net Assets

Down

$719,245

Down $71,442 (-9.0%) from 2023

Revenue

Down

$361,976

Down $7,235 (-2.0%) from 2023

Expenses

Up

$432,901

Up $43,295 (+11%) from 2023

Net Income

Down

-$70,925

Down $50,530 (-248%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $1,041,761Liabilities 2015: $2,000Net Assets 2015: $1,039,7612015Assets 2016: $975,387Liabilities 2016: $1,500Net Assets 2016: $973,8872016Assets 2017: $1,904,122Liabilities 2017: $1,044,611Net Assets 2017: $859,5112017Assets 2018: $1,848,901Liabilities 2018: $1,023,894Net Assets 2018: $825,0772018Assets 2019: $1,974,381Liabilities 2019: $1,171,564Net Assets 2019: $802,8172019Assets 2020: $1,927,818Liabilities 2020: $1,183,969Net Assets 2020: $743,8492020Assets 2021: $1,986,928Liabilities 2021: $1,081,493Net Assets 2021: $905,4352021Assets 2022: $1,889,250Liabilities 2022: $1,078,168Net Assets 2022: $811,0822022Assets 2023: $1,832,589Liabilities 2023: $1,041,902Net Assets 2023: $790,6872023Assets 2024: $1,717,013Liabilities 2024: $997,768Net Assets 2024: $719,2452024

Highlighted filing

2024

Assets$1,717,013
Liabilities$997,768
Net Assets$719,245

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $779,398Expenses 2015: $12,792Net Income 2015: $766,6062015Revenue 2016: $74,572Expenses 2016: $34,266Net Income 2016: $40,3062016Revenue 2017: $107,270Expenses 2017: $195,277Net Income 2017: -$88,0072017Revenue 2018: $323,717Expenses 2018: $358,221Net Income 2018: -$34,5042018Revenue 2019: $203,147Expenses 2019: $128,884Net Income 2019: $74,2632019Revenue 2020: $387,145Expenses 2020: $446,113Net Income 2020: -$58,9682020Revenue 2021: $588,752Expenses 2021: $427,166Net Income 2021: $161,5862021Revenue 2022: $368,980Expenses 2022: $413,333Net Income 2022: -$44,3532022Revenue 2023: $369,211Expenses 2023: $389,606Net Income 2023: -$20,3952023Revenue 2024: $361,976Expenses 2024: $432,901Net Income 2024: -$70,9252024

Highlighted filing

2024

Revenue$361,976
Expenses$432,901
Net Income-$70,925

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.1
Gross Receipts
$387,145
Mission and Program Overview

Mission

Ghdmc provides affordable housing to low & moderate income households in the city of gainesville, florida & the county of alachua, florida

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,644,775$1,771,678▲ $126,903
Savings and Temporary Cash Investments$247,422$0▼ $247,422
Cash and Non-Interest-Bearing Accounts$48,495$115,289▲ $66,794
Other Notes and Loans Receivable, Net$29,934$31,594▲ $1,660
Accounts Receivable$741$6,104▲ $5,363
Prepaid Expenses and Deferred Charges$3,014$3,153▲ $139
Total Assets$1,974,381$1,927,818▼ $46,563
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,123,991$1,040,416▼ $83,575
Accounts Payable and Accrued Expenses$25,339$117,398▲ $92,059
Escrow Account Liability$19,628$21,821▲ $2,193
Deferred Revenue$2,606$4,334▲ $1,728
Total Liabilities$1,171,564$1,183,969▲ $12,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$802,817$743,849▼ $58,968
Total Net Assets Fund Balance$802,817$743,849▼ $58,968
Total Liabilities and Net Assets / Fund Balance$1,974,381$1,927,818▼ $46,563

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,698,578$267,889-
Land$73,100-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela DavisSecretaryPT$19,260$169,567$188,827
Pamela Davis--$19,260-$19,260

Board Members and Trustees

NameTitle
Angela TharpePresident
Arthur StockwellDirector
Craig CarterDirector
LaTONYA PORTERDirector
Marie SmallDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$7,000
Program Service Revenue
$250,021
Investment Income
$130,124
Other Revenue
$0
All Other Contributions
$7,000
Change in Net Assets
$-58,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$314,294
Salaries, Compensation, and Employee Benefits$131,819
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$147,393$0$0$147,393
Other Salaries and Wages$102,474$0$0$102,474
Depreciation Depletion$0$83,082$0$83,082
Interest$51,661$0$0$51,661
Current Officers, Directors, Trustees, and Key Employees$19,260$0$0$19,260
Office Expenses$0$19,228$0$19,228
Fees for Services Management$0$12,501$0$12,501
Payroll Taxes$10,085$0$0$10,085
Fees for Services Legal$0$429$0$429
Total Functional Expenses$330,873$115,240$0$446,113
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
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Gainesville Housing Development & Management Corporation
EIN
46-4552701
Phone
3528725500
Address
1900 SE 4th STREET, GAINESVILLE, FL 32641

Signing Officer

Name
Pamela E Davis
Title
Secretary
Phone
3528725500
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
The Cornwell Assoc Accts Inc
Address
14260 W NEWBERRY RD 378, NEWBERRY, FL 32669
Preparer
David W Cornwell
Phone
3523716809
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A committee of the independent board reviews the f/s with the staff on a monthly basis along with year end closing.

Form 990, Part IX, Line 24E

Maintenace & upkeep 147393. 147393. 0. 0.

Financial Statement Notes

Other

All voting members of the board are independent of the of the organization and are non-paid.

Pt IV, Line 2B

Custodial accounts are maintained for security deposits

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAMELA DAVIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt019260
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0169597
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMMITTEE OF THE INDEPENDENT BOARD REVIEWS THE F/S WITH THE STAFF ON A MONTHLY BASIS ALONG WITH YEAR END CLOSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MAINTENACE & UPKEEP 147393. 147393. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0591163697
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01900 SE 4th STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GAINESVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0326418791
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ESTIMATED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GAINESVILLE HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01974381
IRS990/TotalAssetsEOYAmt01927818
IRS990/TotalAssetsGrp/BOYAmt01974381
IRS990/TotalAssetsGrp/EOYAmt01927818
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt07000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0115240
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0330873
IRS990/TotalFunctionalExpensesGrp/TotalAmt0446113
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01171564
IRS990/TotalLiabilitiesEOYAmt01183969
IRS990/TotalLiabilitiesGrp/BOYAmt01171564
IRS990/TotalLiabilitiesGrp/EOYAmt01183969
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0802817
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0743849
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0330873
IRS990/TotalProgramServiceRevenueAmt0250021
IRS990/TotalReportableCompFromOrgAmt019260
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0380145
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0387145
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01974381
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01927818
IRS990/TotReportableCompRltdOrgAmt0169567
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01900 SE 4th STREET
IRS990/USAddress/CityNm0GAINESVILLE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032641
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAMELA E DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03528725500
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GAINESVILLE HOUSING DEVELOPMENT & MANAGEMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GAIN
ReturnHeader/Filer/EIN0464552701
ReturnHeader/Filer/PhoneNum03528725500
ReturnHeader/Filer/USAddress/AddressLine1Txt01900 SE 4th STREET
ReturnHeader/Filer/USAddress/CityNm0GAINESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032641
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE CORNWELL ASSOC ACCTS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014260 W NEWBERRY RD 378
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWBERRY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032669
ReturnHeader/PreparerPersonGrp/PhoneNum03523716809
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID W CORNWELL
ReturnHeader/ReturnTs02021-11-04T13:53:36-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAMELA

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