Overview
What is Housing Development Corp Of Dekalb?
The Housing Development Corp of Dekalb, or HDC, is a Georgia-based nonprofit organization with a mission to develop, own, and manage rental properties for individuals with low and moderate income. Specifically, they aim to provide affordable, decent, safe, and sanitary dwellings, be it apartments or other living accommodations. HDC's operations are headquartered at 124 South Columbia Drive 200 in Decatur, Georgia, with a ZIP code of 30030.
Official website here: www.housingdevelopmentcorp.org/
What are the reviews and ratings of this charity?
Charity Navigator rating: 88% (Three-Star out of Four Star rating)
Housing Development Corp Of Dekalb has received a solid rating of 88%, indicating good performance in accountability and finance. The organization excels in having a majority of independent board members and demonstrates strong financial oversight, with no material diversion of assets reported. The program expense ratio is perfect at 100%, highlighting that all funds are directed towards its mission.
However, there are notable areas for improvement. The organization lacks a conflict of interest policy and a whistleblower policy, which are essential for maintaining transparency and ethical governance. Additionally, the tax form is not posted on the nonprofit's website, which could limit public access to important financial information.
Overall, while Housing Development Corp Of Dekalb shows strong financial competence and accountability, addressing the missing policies could enhance its governance framework and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Corp Of Dekalb legitimate?
Housing Development Corp Of Dekalb is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Corp Of Dekalb 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: $857,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,598,222
For more financial information, click here
Official website here: www.housingdevelopmentcorp.org/
What is the mission statement of Housing Development Corp Of Dekalb?
The Housing Development Corp of Dekalb is committed to providing affordable, decent, safe, and sanitary dwellings for individuals with low and moderate income. Through their efforts, they develop, own, and manage single and multi-family rental properties to meet this need. Their mission is to improve living conditions for those in need of affordable housing, ensuring a sense of security and dignity for all residents. The organization's goal is to make a positive impact on the lives of its residents by offering stable and comfortable housing solutions.
Official website here: www.housingdevelopmentcorp.org/
Who is the CEO of Housing Development Corp Of Dekalb?
Eugene P Walker Jr is the Ceo of Housing Development Corp Of Dekalb. The CEO's salary of Housing Development Corp Of Dekalb is $164,008 and their total compensation is $164,008.
Official website here: www.housingdevelopmentcorp.org/
What is the revenue of Housing Development Corp Of Dekalb?
Housing Development Corp Of Dekalb's revenue in 2022 was $12,273,653.
Official website here: www.housingdevelopmentcorp.org/
Who are the executives of Housing Development Corp Of Dekalb and what are their salaries?
There 3 volunteers at Housing Development Corp Of Dekalb.
Here are 8 key members and their salaries (Housing Development Corp Of Dekalb's CEO's salary is $164,008 and their total compensation is $164,008):
- Compensation: $164,008
- Related: $0
- Other: $0
- Compensation: $259,522
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $154,410
- Related: $0
- Other: $0
- Compensation: $167,629
- Related: $0
- Other: $0
- Compensation: $111,792
- Related: $0
- Other: $0
Official website here: www.housingdevelopmentcorp.org/
Where can I find the form 990 for Housing Development Corp Of Dekalb?
Housing Development Corp Of Dekalb's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingdevelopmentcorp.org/
Learn more at the official website: www.housingdevelopmentcorp.org/
Mission Statement of Housing Development Corp Of Dekalb
Housing Development Corp of Dekalb (HDC) is a dedicated nonprofit organization that strives to provide affordable, decent, safe, and sanitary dwellings for individuals and families with low and moderate income. In simple terms, HDC's mission is to ensure that everyone has access to comfortable and secure housing.
Through its various endeavors, HDC develops, owns, and manages both single and multi-family rental properties, offering a range of living accommodations to those in need. The organization is committed to enhancing the quality of life for its residents by providing them with a stable and supportive environment. By doing so, HDC contributes significantly to the overall well-being and stability of the communities it serves.
In pursuit of its goal, HDC is dedicated to ensuring that every individual has a roof over their head and a place to call home. The organization's efforts extend beyond just providing housing, as it strives to create thriving communities where residents can flourish. This commitment to affordable housing is crucial in addressing the housing affordability crisis and helping individuals and families to build a better future for themselves. HDC's unwavering dedication to its mission is a testament to its enduring commitment to making a difference in people's lives.
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Impact
October, 2024
Housing Development Corp Of Dekalb plays a crucial role in enhancing the living standards of low and moderate-income individuals and families in Decatur, Georgia. By developing, owning, and managing both single and multi-family rental properties, it ensures that affordable, decent, safe, and sanitary housing options are readily available. This organization's efforts not only provide essential shelter but also contribute to community stability and well-being, fostering an environment where residents can thrive.
The impact of HDC is evident in its ability to address housing needs and reduce homelessness, offering a pathway to better living conditions. By improving access to quality housing, HDC helps to uplift families, create cohesive communities, and promote economic mobility. The focus on affordability makes it possible for those with limited financial resources to secure homes they might otherwise be unable to afford, ultimately enhancing their overall quality of life.
This information is meant to be a general summary of Housing Development Corp Of Dekalb. 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: $9,527,962
- Program Service Revenue: $2,370,768
- Gross Receipts: $40,938,125
Assets and Liabilities:
- Total Assets: $19,067,515
- Total Liabilities: $7,689,960
- Net Assets: $11,377,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,453,895
DEVELOPER FEES
Revenue
$877,003
RENTAL INCOME
Revenue
$38,435
OTHER RELATED REVENUE
Revenue
$1,435
Organization Details
Founding Year
1996
Phone
(470) 440-8610Principal Officer
Eugene P Walker Jr
Main Address
124 SOUTH COLUMBIA DRIVE 200, DECATUR, GA, 30030
NTEE Category
Code: L20 - Housing
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