Overview
What is Housing Development Corporation Midatlantic?
Housing Development Corporation Midatlantic is a nonprofit organization located at 8 West King Street Suite 821, Lancaster, PA 17603. Their primary mission is to manage and develop high-quality affordable housing. They boast a strong track record of financial results and performance, ensuring the selection of qualified residents. Their team includes dedicated staff, licensed professional on-site managers, and an experienced maintenance crew available 24/7. HDC's property management services adhere to state-of-the-art practices and maintain superior standards, demonstrating their commitment to affordable housing.
Official website here: www.hdcweb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Housing Development Corporation Midatlantic has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored a perfect 100% for Accountability & Finance, indicating a strong commitment to transparency and responsible management of its resources. This rating signifies the nonprofit's effectiveness in utilizing donations towards its mission.
The organization is characterized by a fully independent board, which enhances its governance and decision-making processes. With 11 independent members and comprehensive policies in place, including conflict of interest and whistleblower protections, Housing Development Corporation Midatlantic demonstrates robust oversight. Their audit and oversight measures have also been rated highly, contributing to their strong financial foundation.
While the organization excels in many areas, its program expense ratio stands at 85.77%, which is a commendable figure, suggesting that a significant portion of its funding is directed towards program services. Overall, the positive feedback indicates a well-managed nonprofit that prioritizes accountability and financial integrity, though it is always beneficial for donors to consider the specific impacts of its programs.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Housing Development Corporation Midatlantic?
76% of reviewers on Facebook recommend Housing Development Corporation Midatlantic. Here is a summary of their reviews:
The feedback reveals significant concerns among some residents regarding the treatment of minorities and the management of rent funds. One review specifically criticized the organization for what they perceived as racist practices and improper handling of rent money, indicating a troubling atmosphere for some residents.
While a majority of users have not voiced positive experiences, it is important to note that the limited number of reviews means that the full spectrum of user experiences may not be represented. Overall, concerns about discrimination and financial mismanagement overshadow the support for the organization.
This AI summary has been generated from reviews found on Facebook.
Is Housing Development Corporation Midatlantic legitimate?
Housing Development Corporation Midatlantic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Corporation Midatlantic 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $637,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,172,061
For more financial information, click here
Official website here: www.hdcweb.org
What is the mission statement of Housing Development Corporation Midatlantic?
Housing Development Corporation Midatlantic's mission is centered around managing and developing quality affordable housing. Their property management services are renowned for their financial success and performance, with a dedicated team ensuring that only qualified residents are selected. The corporation is staffed with licensed, professional on-site managers and an experienced maintenance team available 24 hours a day. Their practices and standards are at the forefront of the industry, using state-of-the-art methods to provide superior service.
Official website here: www.hdcweb.org
Who is the CEO of Housing Development Corporation Midatlantic?
Dana Hanchin is the Chairman of Housing Development Corporation Midatlantic. The CEO's salary of Housing Development Corporation Midatlantic is $245,000 and their total compensation is $254,090.
Official website here: www.hdcweb.org
What is the revenue of Housing Development Corporation Midatlantic?
Housing Development Corporation Midatlantic's revenue in 2022 was $11,443,531.
Official website here: www.hdcweb.org
Who are the executives of Housing Development Corporation Midatlantic and what are their salaries?
The average compensation at Housing Development Corporation Midatlantic during 2022 was $35,824. There are 218 employees and 11 volunteers at Housing Development Corporation Midatlantic.
Here are 19 key members and their salaries (Housing Development Corporation Midatlantic's CEO's salary is $245,000 and their total compensation is $254,090):
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- Compensation: $245,000
- Related: $0
- Other: $9,090
- Compensation: $189,135
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- Other: $14,182
- Compensation: $160,433
- Related: $0
- Other: $19,789
- Compensation: $107,192
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- Other: $10,053
- Compensation: $104,464
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- Other: $16,256
- Compensation: $148,972
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- Other: $13,781
- Compensation: $122,743
- Related: $0
- Other: $12,053
- Compensation: $106,540
- Related: $0
- Other: $11,668
Official website here: www.hdcweb.org
Where can I find the form 990 for Housing Development Corporation Midatlantic?
Housing Development Corporation Midatlantic's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hdcweb.org
Learn more at the official website: www.hdcweb.org
Mission Statement of Housing Development Corporation Midatlantic
Housing Development Corporation Midatlantic, abbreviated as HDC, is committed to managing and developing high-quality, affordable housing. Their mission is not just about providing housing, but ensuring it meets superior standards and delivers satisfactory financial results. HDC achieves this through a dedicated team of staff, who meticulously select qualified residents and oversee the property. Their on-site managers are licensed professionals, while their maintenance team is available round the clock, ensuring prompt response to any issues. HDC's approach to property management is characterized by state-of-the-art practices and adherence to superior standards, aiming to provide its residents with a comfortable and secure living environment.
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Impact
October, 2024
Housing Development Corporation Midatlantic plays a vital role in enhancing community well-being by managing and developing quality affordable housing. Its property management services are characterized by a solid track record of financial success and performance, ensuring not only stability but also the growth of healthy communities.
With a dedicated staff that prioritizes qualified resident selection, HDC ensures that suitable tenants find homes that meet their needs. The organization's licensed professional on-site managers and experienced maintenance staff are available 24/7, providing residents with the peace of mind that their living environment is well-maintained and responsive to their needs.
By implementing state-of-the-art practices and maintaining superior standards, HDC contributes significantly to the housing market in Lancaster, PA. Their commitment to quality management fosters a positive living experience for residents, ultimately promoting social and economic stability within the community.
This information is meant to be a general summary of Housing Development Corporation Midatlantic. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $428,076
- Program Service Revenue: $8,997,985
- Gross Receipts: $11,443,531
Assets and Liabilities:
- Total Assets: $24,727,893
- Total Liabilities: $8,106,326
- Net Assets: $16,621,567
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSED PERSONNEL
Revenue
$5,500,192
MANAGEMENT FEES
Revenue
$2,143,593
DEVELOPMENT FEES
Revenue
$1,289,891
ON CALL REVENUE
Revenue
$46,170
SERVICE AND CONSULTING FEES
Revenue
$18,139
Organization Details
Founding Year
1971
Phone
(717) 291-1911Principal Officer
Dana Hanchin
Main Address
8 WEST KING STREET SUITE 821, LANCASTER, PA, 17603
Website
www.hdcweb.orgNTEE Category
Code: L21 - Housing
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