Civic Intelligence

Housing Development Alliance Inc.

990 • Fiscal year 2019 • EIN 61-1253346

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

PO Box 7284Hazard, KY 41702

(606) 436-0497

Siviq Scores

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

Liabilities / Assets

68th percentile

0.35x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.57x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

66th percentile

9.8%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

42nd percentile

$105,877

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

68th percentile

9.5%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$6,870,021

Up $596,615 (+9.5%) from 2018

Net Assets

Up

$4,472,846

Up $410,747 (+10%) from 2018

Liabilities

Up

$2,397,175

Up $185,868 (+8.4%) from 2018

Revenue

Up

$4,191,696

Up $555,542 (+15%) from 2018

Expenses

Down

$3,781,194

Down $46,285 (-1.2%) from 2018

Net Income

Up

$410,502

Up $601,827 (+315%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $6,378,654Liabilities 2011: $2,562,433Net Assets 2011: $3,816,2212011Assets 2012: $6,373,360Liabilities 2012: $2,363,657Net Assets 2012: $4,009,7032012Assets 2013: $6,589,610Liabilities 2013: $2,248,323Net Assets 2013: $4,341,2872013Assets 2014: $6,082,581Liabilities 2014: $2,030,186Net Assets 2014: $4,052,3952014Assets 2015: $6,111,745Liabilities 2015: $2,126,671Net Assets 2015: $3,985,0742015Assets 2016: $6,007,982Liabilities 2016: $2,037,937Net Assets 2016: $3,970,0452016Assets 2017: $6,304,565Liabilities 2017: $2,050,748Net Assets 2017: $4,253,8172017Assets 2018: $6,273,406Liabilities 2018: $2,211,307Net Assets 2018: $4,062,0992018Assets 2019: $6,870,021Liabilities 2019: $2,397,175Net Assets 2019: $4,472,8462019Assets 2020: $7,400,484Liabilities 2020: $2,994,143Net Assets 2020: $4,406,3412020Assets 2021: $8,159,788Liabilities 2021: $3,624,894Net Assets 2021: $4,534,8942021Assets 2022: $7,805,087Liabilities 2022: $2,988,811Net Assets 2022: $4,816,2762022Assets 2023: $11,465,690Liabilities 2023: $3,712,290Net Assets 2023: $7,753,4002023Assets 2024: $12,017,048Liabilities 2024: $3,945,050Net Assets 2024: $8,071,9982024

Highlighted filing

2019

Assets$6,870,021
Liabilities$2,397,175
Net Assets$4,472,846

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,492,039Expenses 2011: $3,136,101Net Income 2011: $355,9382011Revenue 2012: $4,345,663Expenses 2012: $4,152,401Net Income 2012: $193,2622012Revenue 2013: $4,463,005Expenses 2013: $4,131,601Net Income 2013: $331,4042013Revenue 2014: $4,429,853Expenses 2014: $4,186,946Net Income 2014: $242,9072014Revenue 2015: $3,945,945Expenses 2015: $4,014,870Net Income 2015: -$68,9252015Revenue 2016: $4,305,299Expenses 2016: $4,313,103Net Income 2016: -$7,8042016Revenue 2017: $4,314,635Expenses 2017: $4,023,937Net Income 2017: $290,6982017Revenue 2018: $3,636,154Expenses 2018: $3,827,479Net Income 2018: -$191,3252018Revenue 2019: $4,191,696Expenses 2019: $3,781,194Net Income 2019: $410,5022019Revenue 2020: $4,552,632Expenses 2020: $4,613,769Net Income 2020: -$61,1372020Revenue 2021: $3,911,383Expenses 2021: $3,784,472Net Income 2021: $126,9112021Revenue 2022: $6,464,588Expenses 2022: $6,202,072Net Income 2022: $262,5162022Revenue 2023: $8,262,095Expenses 2023: $5,324,943Net Income 2023: $2,937,1522023Revenue 2024: $10,792,223Expenses 2024: $10,475,050Net Income 2024: $317,1732024

Highlighted filing

2019

Revenue$4,191,696
Expenses$3,781,194
Net Income$410,502
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.2
Gross Receipts
$4,191,696
Mission and Program Overview

Mission

Establish affordable housing for low-income residents of perry, knott, breathitt and leslie counties in kentucky via housing for homeless, rental units, home repair, energy efficiency retrofits, and homeownership units.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,683,419$2,842,957▲ $159,538
Accounts Receivable$1,186,993$1,311,729▲ $124,736
Inventories for Sale or Use$1,157,945$1,052,533▼ $105,412
Cash and Non-Interest-Bearing Accounts$501,508$853,305▲ $351,797
Prepaid Expenses and Deferred Charges$35,530$30,763▼ $4,767
Investments in Publicly Traded Securities$2,246$2,461▲ $215
Total Assets$6,273,406$6,870,021▲ $596,615
Other Assets Total$705,765$776,273▲ $70,508
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,515,756$1,505,879▼ $9,877
Other Liabilities$479,185$692,638▲ $213,453
Accounts Payable and Accrued Expenses$216,366$198,658▼ $17,708
Total Liabilities$2,211,307$2,397,175▲ $185,868
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,401,498$3,901,498▲ $500,000
Unrestricted Net Assets$660,601$571,348▼ $89,253
Total Net Assets Fund Balance$4,062,099$4,472,846▲ $410,747
Total Liabilities and Net Assets / Fund Balance$6,273,406$6,870,021▲ $596,615

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,931,591$661,801$2,593,392
Land$802,964-$802,964
Equipment$108,402$514,877$623,279
Other Assets Org$49,568--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
R Scott McreynoldsExecutive DiFT$90,999$14,878$105,877
Neil BedwellOutgoing CFOFT$53,967$7,943$61,910

Board Members and Trustees

NameTitle
Johnie AkersBoard Chair
Jonathan CollinsVice-chair
Betsy ClemonsBoard Member
Bobby DuffBoard Member
Borys CaskeyBoard Member
Derek LewisBoard Member
Joanie BakerBoard Member
Louis IrvinBoard Member
Morgan KirkBoard Member
Amie BedwellCFO
Emily HudsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Craigs Heating CoolingConstruction20 DELLA DRIVE, Viper, KY 41774$241,345
Marty Lewis Dba Double Ll ConstructConstructionPO BOX 479, Vicco, KY 41773$237,238
Se Ky Installation LLCConstructionPO BOX 18, Chavies, KY 41727$164,118
Appalachian RefrigerationConstructionPO BOX 400, Avawam, KY 41713$115,700
Revenue and Support

Revenue Composition

Contributions and Grants
$1,414,542
Program Service Revenue
$2,635,457
Investment Income
$16,015
Other Revenue
$125,682
All Other Contributions
$693,792
Change in Net Assets
$410,502

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,191,696
Revenue Not Reported on Form 990
$196
Total Revenue per Audited Statements
$4,191,892
Total Revenue per Form 990
$4,191,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,511,563
Salaries, Compensation, and Employee Benefits$1,269,631
Total Fundraising Expense$54,001
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,049,166$31,701$43,798$1,124,665
All Other Expenses$372,465$51,269$1,000$424,734
Current Officers, Directors, Trustees, and Key Employees$51,881$90,356$2,729$144,966
Depreciation Depletion$60,938$27,240-$88,178
Other Expenses$69,152--$69,152
Insurance$41,091$19,720$2,645$63,456
Interest$15,321$16,778$269$32,368
Occupancy$25,019--$25,019
Fees for Services Accounting$900$13,982-$14,882
Office Expenses$9,364$2,267$1,829$13,460
Information Technology$600$10,177$5$10,782
Advertising$4,296$1,613$1,566$7,475
Travel$4,289$2,932$110$7,331
Conferences and Meetings$303$4,497$50$4,850
Fees for Services Legal$1,101$2,585-$3,686
Total Functional Expenses$3,452,076$275,117$54,001$3,781,194

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,781,194
Total Expenses per Audited Statements$3,781,194
Total Expenses per Form 990$3,781,194
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 Current Liabilities$685,619
Security Deposits$7,019
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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

990 is reviewed by the board before submission

Form 990, Page 6, Part VI, Line 12C

The board of directors regularly discusses issues realted to conflict of interests of board members.

Form 990, Page 6, Part VI, Line 15A

The board forms a committee annually which reviews the compensation for the executive director by comparing to related organizations and nationwide trends.

Form 990, Page 6, Part VI, Line 19

Documents are available at the business office during regular business hours.

Filing and Contact Details

Filer

Filer Name
Housing Development Alliance Inc
EIN
61-1253346
Address
PO BOX 7284, HAZARD, KY 41702

Signing Officer

Name
R Scott Mcreynolds
Title
Executive Director
Phone
6064360497
Signed
2020-05-15

Organization Details

Principal Officer
R Scott Mcreynolds
Formed
1993
Voting Board Members
10
Independent Board Members
10
Employees
36
Volunteers
161

Preparer

Firm
Craft Noble & Company Pllc
Address
1018 IVAL JAMES BLVD STE B, RICHMOND, KY 40475
Preparer
P Jared Noble
Phone
8596234027
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Other programs include the heat squad, volunteer program, and the operation of a revolving loan fund for the rehab and new home clients. The heat squad program is an energy efficiency program designed to provide targeted energy efficient repairs to homeowners in the four county area of eastern kentucky served by the organization.

Form 990, Part IX, Line 24E

Volunteer expense 60,889 0 0 vehicles 51,432 8,313 0 outside services 58,025 0 0 forgivable loan expense 44,682 0 0 personnel 38,853 0 0 origination, servicing fe 26,646 0 0 repairs 21,839 0 0 americorps expense 0 21,655 0 telephone 12,764 917 245 utilities 7,186 3,244 129 sweat equity expense 9,500 0 0 tools and tool repair 9,454 0 0 warranty work expense 8,242 0 0 cleaning supplies and ser 5,945 1,017 626 inspection fees 7,388 0 0 membership 150 5,966 0 contributions expnese 1,448 3,038 0 closing, settlement, reco 3,924 0 0 misc expense 0 3,743 0 maintenance 0 3,247 0 uncollected receivables 1,869 0 0 uncollected receivables 1,507 0 0 warranty work expense 382 0 0 cleaning / maintenance 235 0 0 bank fees 0 129 0 supplies 105 0 0 total 372,465 51,269 1,000

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.0$3.95$8.07$10.8$10.5$0.32
2023Detailed filing. Detailed filing data is available for this year.$11.5$3.71$7.75$8.26$5.32$2.94
2022Detailed filing. Detailed filing data is available for this year.$7.81$2.99$4.82$6.46$6.20$0.26
2021Detailed filing. Detailed filing data is available for this year.$8.16$3.62$4.53$3.91$3.78$0.13
2020Detailed filing. Detailed filing data is available for this year.$7.40$2.99$4.41$4.55$4.61$0.06
2019Detailed filing. Detailed filing data is available for this year.$6.87$2.40$4.47$4.19$3.78$0.41
2018Detailed filing. Detailed filing data is available for this year.$6.27$2.21$4.06$3.64$3.83$0.19
2017Detailed filing. Detailed filing data is available for this year.$6.30$2.05$4.25$4.31$4.02$0.29
2016Detailed filing. Detailed filing data is available for this year.$6.01$2.04$3.97$4.31$4.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$6.11$2.13$3.99$3.95$4.01$0.07
2014Detailed filing. Detailed filing data is available for this year.$6.08$2.03$4.05$4.43$4.19$0.24
2013Summary only. Only limited summary data is available for this year.$6.59$2.25$4.34$4.46$4.13$0.33
2012Summary only. Only limited summary data is available for this year.$6.37$2.36$4.01$4.35$4.15$0.19
2011Summary only. Only limited summary data is available for this year.$6.38$2.56$3.82$3.49$3.14$0.36
Peer Organizations

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