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Housing Association And Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232118810 ✦ Allentown, PA ✦ Designated as a 501(c)(3)

Overview

What is Housing Association And Development Corporation?

Housing Association and Development Corporation is a nonprofit organization situated in Allentown, Pennsylvania, specifically at 513-515 Chew Street. Their primary mission is to enhance living conditions in the city's neighborhoods by eliminating blighted housing and increasing housing opportunities for lower-income individuals and families. They accomplish this by purchasing vacant, deteriorated residential properties within Allentown, thoroughly rehabilitating the units, and then either selling or renting them out. With a staff of 19 dedicated professionals, the corporation plays a significant role in revitalizing the community and providing affordable housing options for those in need.


Official website here: www.hadcallentown.org

Is Housing Association And Development Corporation legitimate?

Housing Association And Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Association And Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $243,740

For more financial information, click here


Official website here: www.hadcallentown.org

What is the mission statement of Housing Association And Development Corporation?

The Housing Association and Development Corporation's mission is centered around improving housing conditions in various neighborhoods. Their primary goal is to eliminate blighted housing situations and increase housing opportunities for lower-income residents. They achieve this by purchasing vacant, deteriorated residential properties within the city and meticulously rehabilitating the units. Once restored, these properties are either sold or rented out to individuals and families in the lower and moderate income brackets. In essence, the corporation aims to revitalize neighborhoods and provide affordable housing options for those in need.


Official website here: www.hadcallentown.org

Who is the CEO of Housing Association And Development Corporation?

David Evans is the Treasurer of Housing Association And Development Corporation.


Official website here: www.hadcallentown.org

What is the revenue of Housing Association And Development Corporation?

Housing Association And Development Corporation's revenue in 2022 was $1,505,738.


Official website here: www.hadcallentown.org

Who are the executives of Housing Association And Development Corporation and what are their salaries?

The average compensation at Housing Association And Development Corporation during 2022 was $17,039. There are 19 employees and 17 volunteers at Housing Association And Development Corporation.

Here are 11 key members and their salaries:

    David Evans (Executive Director)
  • Compensation: $79,354
  • Related: $0
  • Other: $0

    • David Sherwin (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Remick (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Richard Baumann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr John Cooney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev John Gibbons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel C Bosket (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Lanshe Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Clever Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tara Castro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Fullilove (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hadcallentown.org

    Where can I find the form 990 for Housing Association And Development Corporation?

    The Housing Association And Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hadcallentown.org

    Learn more at the official website: www.hadcallentown.org

    Mission Statement of Housing Association And Development Corporation

    The Housing Association and Development Corporation is dedicated to addressing the issue of blighted housing conditions in urban neighborhoods. Their mission is twofold: firstly, to eliminate these substandard living conditions; and secondly, to increase the availability of housing opportunities for lower-income residents. They achieve this by proactively purchasing vacant and deteriorated residential properties within the city. Once acquired, these properties undergo a comprehensive renovation process, transforming them into fully rehabilitated units. These units are then either sold or rented out to individuals and families falling within the low and moderate income brackets. By executing this strategy, the Housing Association and Development Corporation is instrumental in improving the living standards of its community members and enhancing the overall quality of urban neighborhoods.

    Impact

    This information is meant to be a general summary of Housing Association And Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Housing Association And Development Corporation's impact lies in its proactive approach to eliminating blighted housing conditions in the city of Allentown. By purchasing vacant and deteriorated residential properties and completely rehabilitating them, the organization increases the availability of housing opportunities for low-income residents. This not only revitalizes neighborhoods but also provides affordable housing options for those in need. The corporation's efforts contribute significantly to improving the overall quality of life for individuals and families in Allentown by addressing housing challenges and creating sustainable solutions.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,129
  • Program Service Revenue: $733,734
  • Gross Receipts: $1,505,738

    • Assets and Liabilities:
  • Total Assets: $2,961,190
  • Total Liabilities: $3,326,173
  • Net Assets: -$364,983
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $393,734

    PROPERTY SALES

    Revenue

    $340,000

    Organization Details

    Founding Year

    1978

    Principal Officer

    David Evans

    Main Address

    513-515 CHEW STREET, ALLENTOWN, PA, 18102

    NTEE Category

    Code: L25Z - Housing

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