Delray Housing Group Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Delray Beach, FL
- Founding
- 05/2004
- Data as of
- 03/2023
- EIN
- 03-0526635
Organization Overview
Delray Housing Group Inc is located in Delray Beach, FL. The organization was established in 2004. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Delray Housing Group Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delray Housing Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Delray Housing Group Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $725.0k during the year ending 03/2023. While expenses have increased by 12.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES AND PROMOTE ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DELRAY HOUSING GROUP CONTINUES ITS MISSION TO PROVIDE AFFORDABLE HOUSING. CURRENTLY, THE DHG OWNS NINE INDIVIDUAL HOUSES AND DUPLEXES AND MANAGES FOUR APARTMENT COMPLEXES FOR A TOTAL OF 795 RENTABLE UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krystina Buckley Chairwoman | OfficerTrustee | 0.5 | $0 |
Ivan Gomez Vice Chariman | OfficerTrustee | 0.5 | $0 |
John Macatango Director | Trustee | 0.5 | $0 |
Ezra Krieg Director | Trustee | 0.5 | $0 |
Marcus Metcalf Director | Trustee | 0.5 | $0 |
Jesse Saginor Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,175,849 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,176,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,258 |
| Compensation of current officers, directors, key employees. | $103,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,737 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,505 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $560 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $613 |
| Office expenses | $2,277 |
| Information technology | $1,201 |
| Royalties | $0 |
| Occupancy | $89,175 |
| Travel | $12,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,325 |
| Insurance | $22,399 |
| All other expenses | $19,891 |
| Total functional expenses | $725,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,532 |
| Net Land, buildings, and equipment | $722,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,588,114 |
| Accounts payable and accrued expenses | $54,738 |
| Grants payable | $0 |
| Deferred revenue | $596 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $95,000 |
| Other liabilities | $8,077 |
| Total liabilities | $158,411 |
| Net assets without donor restrictions | $966,396 |
| Net assets with donor restrictions | $463,307 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,588,114 |