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Housing Development Corporation

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

EIN: 311526415 ✦ Huntington, WV ✦ Designated as a 501(c)(3)

Overview

What is Housing Development Corporation?

Housing Development Corporation is a nonprofit organization situated in Huntington, West Virginia. Their primary mission is to improve and rehabilitate existing housing, providing a safer living environment for low-income, elderly, and disabled individuals and families. Their purpose is to promote and advance decent, safe housing, serving the Cabell-Wayne counties and the surrounding metropolitan area of West Virginia. With a workforce of 122 employees, they strive to ensure these individuals have the opportunity for safe and sanitary housing.


Is Housing Development Corporation legitimate?

Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing 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: $223,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,835,056

For more financial information, click here


What is the mission statement of Housing Development Corporation?
Who is the CEO of Housing Development Corporation?
What is the revenue of Housing Development Corporation?
Who are the executives of Housing Development Corporation and what are their salaries?
Where can I find the form 990 for Housing Development Corporation?

Mission Statement of Housing Development Corporation

The Housing Development Corporation, in its mission, strives to promote and advance decent, safe, and sanitary housing for individuals and families of low and moderate income, as well as the elderly, disadvantaged, or infirm. This nonprofit organization aims to improve and rehabilitate existing housing, thereby providing an opportunity for these groups to live in safe and sanitary conditions. By doing so, the Housing Development Corporation contributes to the betterment of their communities, ensuring that vulnerable populations have access to secure and hygienic living spaces.

Impact

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




Thursday, August 15, 2024

Housing Development Corporation's impact can be seen in the improvement and rehabilitation of existing housing to provide safe and sanitary living spaces for low-income, elderly, and disabled individuals and families in the Huntington area of West Virginia. By promoting and advancing decent housing options for those in need, the organization contributes to the overall well-being and stability of the community. Their focus on serving persons of low and moderate income, the elderly, and disadvantaged individuals underscores their commitment to addressing housing challenges and improving the quality of life for vulnerable populations in the region.





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: $4,735
  • Program Service Revenue: $3,479,449
  • Gross Receipts: $3,293,361

    • Assets and Liabilities:
  • Total Assets: $6,740,598
  • Total Liabilities: $7,372,916
  • Net Assets: -$632,318
  • Programs

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

    MANAGEMENT FEES

    Revenue

    $2,598,904

    RENTAL INCOME

    Revenue

    $689,778

    SERVICE FEES

    Revenue

    $142,601

    SUBSIDY INCOME

    Revenue

    $48,166

    Organization Details

    Founding Year

    1997

    Principal Officer

    Larry Ellis

    Main Address

    PO BOX 2256, HUNTINGTON, WV, 257232256

    NTEE Category

    Code: L80 - Housing

    If you are a representative of Housing Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.