Civic Intelligence

Housing Development Center Inc.

990 • Fiscal year 2012 • EIN 93-1116265

Jul 01, 2011 to Jun 30, 2012 • Filed on Nov 19, 2012

847 NE 19th Ave Ste 15097232-2686
Siviq Scores

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

Liabilities / Assets

63rd percentile

0.26x

Higher debt load relative to assets than 63% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

90th percentile

38%

Faster asset growth than 90% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$2,186,424

Up $603,201 (+38%) from 2011

Net Assets

Up

$1,625,610

Up $631,780 (+64%) from 2011

Liabilities

Down

$560,814

Down $28,579 (-4.8%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,521,878

Up $67,818 (+4.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,139,746Liabilities 2010: $265,341Net Assets 2010: $874,4052010Assets 2011: $1,583,223Liabilities 2011: $589,393Net Assets 2011: $993,8302011Assets 2012: $2,186,424Liabilities 2012: $560,814Net Assets 2012: $1,625,6102012Assets 2013: $2,549,465Liabilities 2013: $630,417Net Assets 2013: $1,919,0482013Assets 2014: $2,984,675Liabilities 2014: $853,559Net Assets 2014: $2,131,1162014Assets 2015: $4,261,595Liabilities 2015: $1,120,424Net Assets 2015: $3,141,1712015Assets 2016: $4,540,487Liabilities 2016: $1,488,922Net Assets 2016: $3,051,5652016Assets 2017: $4,479,597Liabilities 2017: $1,461,839Net Assets 2017: $3,017,7582017Assets 2018: $4,628,559Liabilities 2018: $1,450,842Net Assets 2018: $3,177,7172018Assets 2019: $4,387,359Liabilities 2019: $1,143,083Net Assets 2019: $3,244,2762019Assets 2020: $4,546,280Liabilities 2020: $923,182Net Assets 2020: $3,623,0982020Assets 2021: $4,687,362Liabilities 2021: $896,245Net Assets 2021: $3,791,1172021Assets 2022: $5,193,870Liabilities 2022: $841,617Net Assets 2022: $4,352,2532022Assets 2023: $5,315,908Liabilities 2023: $860,964Net Assets 2023: $4,454,9442023

Highlighted filing

2012

Assets$2,186,424
Liabilities$560,814
Net Assets$1,625,610

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,293,5012010Revenue 2011: $1,573,485Expenses 2011: $1,454,060Net Income 2011: $119,4252011Expenses 2012: $1,521,8782012Expenses 2013: $1,545,0732013Revenue 2014: $1,779,985Expenses 2014: $1,567,917Net Income 2014: $212,0682014Revenue 2015: $2,727,164Expenses 2015: $1,717,109Net Income 2015: $1,010,0552015Revenue 2016: $1,869,873Expenses 2016: $1,959,479Net Income 2016: -$89,6062016Revenue 2017: $2,242,958Expenses 2017: $2,276,765Net Income 2017: -$33,8072017Revenue 2018: $2,543,252Expenses 2018: $2,383,293Net Income 2018: $159,9592018Revenue 2019: $2,717,689Expenses 2019: $2,651,130Net Income 2019: $66,5592019Revenue 2020: $3,364,211Expenses 2020: $2,985,389Net Income 2020: $378,8222020Revenue 2021: $3,107,323Expenses 2021: $2,939,304Net Income 2021: $168,0192021Revenue 2022: $3,244,688Expenses 2022: $2,683,552Net Income 2022: $561,1362022Revenue 2023: $3,242,688Expenses 2023: $3,139,997Net Income 2023: $102,6912023

Highlighted filing

2012

Revenue-
Expenses$1,521,878
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Nov 19, 2012
Return Version
2011v1.2
Gross Receipts
$2,153,658
Mission and Program Overview

Mission

The mission of housing development center, inc. (hdc) is to strengthen opportunities for low-income families and individuals by developing, preserving and sustaining affordable housing and community facilities. Through four interrelated programs we strive to improve the lives of low- income people, strengthen the property portfolios and balance sheets of our nonprofit clients, and advance best practices in community development.

Major Activities

Activity 2
Asset management services since 2001, housing development center has emerged as a leader in affordable-housing asset management. Our asset management team guides clients through the challenges of owning and managing affordable housing and related community services facilities, helping to ensure both the short-term and long-term success of these projects. We provide technical assistance and training to nonprofit organizations, housing authorities, and governmental entities in oregon and washington. In 2008, as a neighborworks america consultant, housing development center expanded its work to colorado, idaho, and northern california. Housing development center has helped 36 project owners preserve and improve the viability of 1,000 units of affordable housing, as well as implement ongoing systems for effective asset management and oversight. Housing development center asset management services include property and portfolio assessments, property and portfolio repositioning, property transfers and year 15 exits, capital needs assessments and reserve analysis, and staff and board training and systems development.
Activity 3
Hdc community fund hdc community fund llc was formed in august 2009 to provide funding and development services to underserved communities through loans to nonprofit entities and housing authorities to develop or redevelop housing and facilities that serve primarily low-income communities and residents. To date the loan fund has helped finance five projects with six loans totaling 470,000. Our support has leveraged more than 73 million in permanent financing sources and will provide 290 units of affordable housing and 25,000 sq. Ft. Of service-facility space to families and individuals with incomes below 60% ami. Hdc community fund is a certified community development financial institution (cdfi).
Filing and Contact Details

Filer

EIN
93-1116265
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IRS990/Activity2/Description0ASSET MANAGEMENT SERVICES SINCE 2001, HOUSING DEVELOPMENT CENTER HAS EMERGED AS A LEADER IN AFFORDABLE-HOUSING ASSET MANAGEMENT. OUR ASSET MANAGEMENT TEAM GUIDES CLIENTS THROUGH THE CHALLENGES OF OWNING AND MANAGING AFFORDABLE HOUSING AND RELATED COMMUNITY SERVICES FACILITIES, HELPING TO ENSURE BOTH THE SHORT-TERM AND LONG-TERM SUCCESS OF THESE PROJECTS. WE PROVIDE TECHNICAL ASSISTANCE AND TRAINING TO NONPROFIT ORGANIZATIONS, HOUSING AUTHORITIES, AND GOVERNMENTAL ENTITIES IN OREGON AND WASHINGTON. IN 2008, AS A NEIGHBORWORKS AMERICA CONSULTANT, HOUSING DEVELOPMENT CENTER EXPANDED ITS WORK TO COLORADO, IDAHO, AND NORTHERN CALIFORNIA. HOUSING DEVELOPMENT CENTER HAS HELPED 36 PROJECT OWNERS PRESERVE AND IMPROVE THE VIABILITY OF 1,000 UNITS OF AFFORDABLE HOUSING, AS WELL AS IMPLEMENT ONGOING SYSTEMS FOR EFFECTIVE ASSET MANAGEMENT AND OVERSIGHT. HOUSING DEVELOPMENT CENTER ASSET MANAGEMENT SERVICES INCLUDE PROPERTY AND PORTFOLIO ASSESSMENTS, PROPERTY AND PORTFOLIO REPOSITIONING, PROPERTY TRANSFERS AND YEAR 15 EXITS, CAPITAL NEEDS ASSESSMENTS AND RESERVE ANALYSIS, AND STAFF AND BOARD TRAINING AND SYSTEMS DEVELOPMENT.
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IRS990/Activity3/Description0HDC COMMUNITY FUND HDC COMMUNITY FUND LLC WAS FORMED IN AUGUST 2009 TO PROVIDE FUNDING AND DEVELOPMENT SERVICES TO UNDERSERVED COMMUNITIES THROUGH LOANS TO NONPROFIT ENTITIES AND HOUSING AUTHORITIES TO DEVELOP OR REDEVELOP HOUSING AND FACILITIES THAT SERVE PRIMARILY LOW-INCOME COMMUNITIES AND RESIDENTS. TO DATE THE LOAN FUND HAS HELPED FINANCE FIVE PROJECTS WITH SIX LOANS TOTALING 470,000. OUR SUPPORT HAS LEVERAGED MORE THAN 73 MILLION IN PERMANENT FINANCING SOURCES AND WILL PROVIDE 290 UNITS OF AFFORDABLE HOUSING AND 25,000 SQ. FT. OF SERVICE-FACILITY SPACE TO FAMILIES AND INDIVIDUALS WITH INCOMES BELOW 60% AMI. HDC COMMUNITY FUND IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI).
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IRS990/ActivityOther/Description0PROGRAM AND POLICY DEVELOPMENT THE PURPOSE OF THIS PROGRAM IS TO INCREASE THE EFFECTIVENESS AND EFFICIENCY OF AFFORDABLE HOUSING DEVELOPMENT, MANAGEMENT, OWNERSHIP, AND DELIVERY IN OREGON AND WASHINGTON. TO THIS END, HOUSING DEVELOPMENT CENTER PARTNERS WITH NONPROFIT ORGANIZATIONS AND GOVERNMENT ORGANIZATIONS TO PROVIDE TECHNICAL ANALYSIS, RESEARCH, POLICY REPORTS, PROGRAM ADMINISTRATION, AND ADVOCACY SUPPORT. AN EXAMPLE IS OUR WORK FACILITATING THE STREAMLINING COMPLIANCE INITIATIVE, A CONSOLIDATED STATEWIDE COMPLIANCE REPORTING SYSTEM THAT WILL SAVE OREGON AFFORDABLE HOUSING OWNERS AND FUNDERS AN ESTIMATED 4 MILLION PER YEAR.
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IRS990/ProgramServiceRevenue/Description0SERVICE FEES
IRS990/ProgramServiceRevenue/Description1LOAN INTEREST INCOME
IRS990/ProgramServiceRevenuePriorYear01146630
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome01565430
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome13739
IRS990/ProgramServiceRevenue/TotalRevenueColumn01565430
IRS990/ProgramServiceRevenue/TotalRevenueColumn13739
IRS990/ProhibitedTaxShelterTrans0false
IRS990/QuidProQuoContributions0false
IRS990/ReconcilationRevenueExpenses0631780
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
IRS990/RentalIncomeOrLoss/Real019355
IRS990/ReportFin48Footnote0false
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0false
IRS990/RevenuesLessExpensesCY0631780
IRS990/RevenuesLessExpensesPriorYear0119425
IRS990/SalariesEtcCurrentYear01233594
IRS990/SalariesEtcPriorYear01122036
IRS990/SavingsAndTempCashInvestments/BOY0766933
IRS990/SavingsAndTempCashInvestments/EOY01299547
IRS990ScheduleA/AmountsSubstContributorsTotal0280960
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear0554451
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year0401338
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years0281187
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years0592490
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years0257043
IRS990ScheduleA/GiftsGrantsContribReceived170/Total02086509
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear02652
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year01927
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years02220
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years01624
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years06079
IRS990ScheduleA/GrossInvestmentIncome170/Total014502
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc05467350
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.85940
IRS990ScheduleA/PublicSupportPertcentPriorYear00.82820
IRS990ScheduleA/PublicSupportTotal17001805549
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear0554451
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year0401338
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years0281187
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years0592490
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years0257043
IRS990ScheduleA/Total170/Total02086509
IRS990ScheduleA/TotalSupport02101011
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/AgentTrusteeEtc0false
IRS990ScheduleD/AreRelatedOrgsListedScheduleR0false
IRS990ScheduleD/DisclosedForCharitablePurposes0false
IRS990ScheduleD/DisclosedOrgsLegalControl0false
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs0false
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs0false
IRS990ScheduleD/Equipment/BookValue01243
IRS990ScheduleD/Equipment/Depreciation040917
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis042160
IRS990ScheduleD/ExcessOrDeficitForYear0631780
IRS990ScheduleD/ExcessOrDeficitPerFS0631780
IRS990ScheduleD/ExpensesSubtotal01521878
IRS990ScheduleD/IncludedOnFS0false
IRS990ScheduleD/OtherLiabilities/Amount03798
IRS990ScheduleD/OtherLiabilities/Description0SUBLEASE DEPOSITS
IRS990ScheduleD/RevenueSubtotal02153658
IRS990ScheduleD/Sect170hRequirementsSatisfied0false
IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/TotalExpenses01521878
IRS990ScheduleD/TotalExpensesPerForm99001521878
IRS990ScheduleD/TotalOfAmounts03798
IRS990ScheduleD/TotalOfBookValueLandBuildings01243
IRS990ScheduleD/TotalRevenue02153658
IRS990ScheduleD/TotalRevenuePerForm99002153658
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01521878
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt02153658
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990/ScheduleJRequired0false
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction0131407
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction155229
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction255229
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0REV.-HUMAN SOLUTIONS
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1REV.-HACC
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction2REV.-HACC
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0BRUCE WHITING
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson1GARY DICENZO
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson2TOM CUSACK
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0BOARD CHAIR
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship1SEC. / TREAS.
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship2BOARD MEMBER
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues1false
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues2false
IRS990ScheduleO/GeneralExplanation/Explanation0HOUSING DEVELOPMENT CENTER, INC.'S (HDC) MISSION IS TO CREATE AND SUSTAIN HOUSING OPPORTUNITIES FOR LOW INCOME FAMILIES AND INDIVIDUALS THROUGH PARTNERSHIP WITH NONPROFIT OWNERS AND HOUSING AUTHORITIES, HELPING THEM ENSURE THE SUCCESS OF THEIR RESIDENTS, THE HEALTH OF THEIR PORTFOLIOS, AND THE STRENGTH OF THEIR ORGANIZATIONS. HDC FOCUSES ITS ACTIVITIES AND RESOURCES IN FOUR KEY AREAS -COMPREHENSIVE DEVELOPMENT SERVICES, ASSET MANAGEMENT TRAINING AND TECHNICAL ASSISTANCE, LOANS TO HELP LAUNCH PROJECTS, AND PROGRAM AND POLICY DEVELOPMENT.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.32$0.86$4.45$3.24$3.14$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$0.84$4.35$3.24$2.68$0.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.69$0.90$3.79$3.11$2.94$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.92$3.62$3.36$2.99$0.38
2019Summary only. Only limited summary data is available for this year.$4.39$1.14$3.24$2.72$2.65$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$1.45$3.18$2.54$2.38$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$1.46$3.02$2.24$2.28$0.03
2016Detailed filing. Detailed filing data is available for this year.$4.54$1.49$3.05$1.87$1.96$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.26$1.12$3.14$2.73$1.72$1.01
2014Detailed filing. Detailed filing data is available for this year.$2.98$0.85$2.13$1.78$1.57$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.63$1.92$1.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.56$1.63$1.52
2011Summary only. Only limited summary data is available for this year.$1.58$0.59$0.99$1.57$1.45$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.27$0.87$1.29