Overview
What is Historic District Development Corporation?
The Historic District Development Corporation, established in Atlanta, Georgia, in 1980, is a community-focused nonprofit organization. Its primary objective is to strengthen neighborhood involvement by preserving the historic character of the Martin Luther King Jr. Historic District. This includes preserving existing structures, developing new housing opportunities, and beautifying the physical environment. The organization also creates job, business, and shopping opportunities to revitalize the area. Funding for its operations comes from fees, rents, sales, and partnership interests. Furthermore, the Historic District Development Corporation has been instrumental in organizing affordable housing projects through various corporations and limited partnerships/limited liability companies. With a dedicated workforce of five individuals, the organization is committed to preserving and revitalizing historic communities in Georgia.
Official website here: www.hddc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%
Historic District Development Corporation has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates a strong commitment to governance, with a fully independent board and high marks for financial statement audits and the absence of material asset diversion. Additionally, they maintain transparency by listing their tax forms on their website.
Despite these strengths, the organization has some areas needing improvement. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which could affect its overall accountability framework. The liabilities to assets ratio is 55.74%, which is acceptable but suggests that there might be potential financial risks worth monitoring.
Overall, while Historic District Development Corporation shows a commendable level of financial responsibility and governance, addressing the identified gaps in policy could enhance their accountability and operational integrity even further.
This AI summary has been generated from information found on Charity Navigator.
Is Historic District Development Corporation legitimate?
Historic District Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic District 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $154,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,254
For more financial information, click here
Official website here: www.hddc.org
What is the mission statement of Historic District Development Corporation?
The Historic District Development Corporation, established in 1980, operates as a community-based nonprofit with a mission to facilitate the preservation and revitalization of the Martin Luther King Jr. National Historic District and other historic/preservation communities. Their primary objective is to develop plans for preserving existing structures, provide new housing opportunities, beautify the physical environment, and maintain the historic character of the area, all while preventing displacement of residents. Furthermore, they aim to create job, business, and shopping opportunities in these districts. The organization primarily funds its operations through fees, rents, sales of homes and land, and distributions from its partnership interests. They additionally organize affordable housing projects through various corporations and limited partnership/limited liability companies.
Official website here: www.hddc.org
Who is the CEO of Historic District Development Corporation?
Chenee Joseph is the Executive Director of Historic District Development Corporation.
Official website here: www.hddc.org
What is the revenue of Historic District Development Corporation?
Historic District Development Corporation's revenue in 2022 was $5,196,919.
Official website here: www.hddc.org
Who are the executives of Historic District Development Corporation and what are their salaries?
The average compensation at Historic District Development Corporation during 2022 was $68,883. There are 5 employees and 7 volunteers at Historic District Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $154,160
- Related: $0
- Other: $0
- Compensation: $105,625
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hddc.org
Where can I find the form 990 for Historic District Development Corporation?
Historic District Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hddc.org
Learn more at the official website: www.hddc.org
Mission Statement of Historic District Development Corporation
The Historic District Development Corporation, established in December 1980, is a community-based nonprofit with a mission to facilitate the preservation and revitalization of the Martin Luther King Jr. National Historic District and other historic/preservation communities. This organization operates with the goal of strengthening neighborhood involvement, preserving existing structures, and providing new housing opportunities while preventing displacement of residents. Furthermore, it aims to enhance the physical environment while preserving the historic character of the area, ultimately creating job, business, and shopping opportunities. The Historic District Development Corporation primarily funds its operations through various sources such as fees, rents, sales of homes and land, and distributions from its partnership interests. Additionally, it organizes affordable housing projects through various corporations and limited partnership/limited liability companies, offering low-income housing rental and tenant support services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of the Historic District Development Corporation can be seen through its efforts in strengthening the involvement of neighborhood citizens, developing plans for the Martin Luther King, Jr. Historic District, preserving existing housing and structures, providing new housing opportunities, beautifying the physical environment, and creating job and business opportunities. By focusing on affordable housing projects and supporting low-income tenants, the organization plays a crucial role in facilitating the preservation and revitalization of historic and preservation communities in Atlanta, Georgia.
This information is meant to be a general summary of Historic District Development Corporation. 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: $1,383,248
- Program Service Revenue: $617,801
- Gross Receipts: $5,196,919
Assets and Liabilities:
- Total Assets: $29,856,749
- Total Liabilities: $23,002,457
- Net Assets: $6,854,292
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$299,908
NMTC - INTEREST INCOME
Revenue
$164,297
INCOME FROM NON-CONTROLLING INTER
Revenue
$153,596
Organization Details
Founding Year
1980
Phone
(404) 215-9095Principal Officer
Chenee Joseph
Main Address
522 AUBURN AVENUE NE, ATLANTA, GA, 30312
Website
www.hddc.orgNTEE Category
Code: L200 - Housing
If you are a representative of Historic District 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.