H E L P Development Corp
- Assets
- $31.6m
- Revenue
- $5.0m
- Investments
- $3.6m
- Employees
- 10
- Location
- New York, NY
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 13-3892553
Organization Overview
H E L P Development Corp is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, H E L P Development Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H E L P Development Corp 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 06/2021, H E L P Development Corp generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPS LOW INCOME HOUSING FOR LOW INCOME AND FORMERLY HOMELESS FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP DEVELOPMENT CORP. (HDC) IS FOCUSED ON DEVELOPING AND MANAGING AFFORDABLE AND SUPPORTIVE HOUSING FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES. DURING FY2021, HDC COMPLETED CONSTRUCTION ON AND OPENED HELP CROTONA PRIDE HOUSE, 84 SENIOR APARTMENTS IN THE BRONX. ADDITIONALLY, PROJECT FINANCING AND CONSTRUCTION BEGAN ON HELP PHILADELPHIA VI, 55 UNITS OF AFFORDABLE HOUSING IN PHILADELPHIA, HELP HOME SIMPSON, 71 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING IN THE BRONX. IN ADDITION, HDC ALSO SECURED FINANCING FOR HELP PARK PLACE, 41 UNITS OF AFFORDABLE HOUSING IN BROOKLYN, HELP BRONX RENEWAL, 94 UNITS OF AFFORDABLE HOUSING IN THE BRONX, 340+ DIXWELL, 69 UNITS OF AFFORDABLE AND MIXED INCOME HOUSING IN NEW HAVEN, CT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cleghorn Vice President | Officer | 1 | $215,993 |
Ronnie Silverman Secretary | Officer | 1 | $0 |
John C Emmert Jr VP And Treasurer | Officer | 1 | $0 |
Thomas Hameline President | Officer | 1 | $0 |
Jeffrey Sachs Director | Trustee | 1 | $0 |
Richard Sirota Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Curtis & Ginsberg Architects Architect-new Construction | 6/29/19 | $117,420 |
Gilbride Tusa Last & Spellane Legal And Consulting | 6/29/19 | $118,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $787,366 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $912,366 |
| Total Program Service Revenue | $3,802,994 |
| Investment income | $252,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $412 |
| 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 | $4,977,453 |
| 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. | $235,507 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,108 |
| Pension plan accruals and contributions | $32,731 |
| Other employee benefits | $108,614 |
| Payroll taxes | $63,029 |
| Fees for services: Management | $134,157 |
| Fees for services: Legal | $97,305 |
| Fees for services: Accounting | $10,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,939 |
| Information technology | $8,906 |
| Royalties | $0 |
| Occupancy | $1,454 |
| Travel | $7,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $45,876 |
| Depreciation, depletion, and amortization | $8,341 |
| Insurance | $13,894 |
| All other expenses | $0 |
| Total functional expenses | $1,433,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,525,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,522,847 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,893 |
| Net Land, buildings, and equipment | $2,803,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,609,392 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,674,272 |
| Total assets | $31,642,218 |
| Accounts payable and accrued expenses | $142,456 |
| Grants payable | $0 |
| Deferred revenue | $8,288,495 |
| 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 | $453,965 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,556,631 |
| Total liabilities | $14,441,547 |
| Net assets without donor restrictions | $17,200,671 |
| Net assets with donor restrictions | $0 |
| 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 | $31,642,218 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that H E L P Development Corp has recieved totaling $510,000.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: To assist local charities | $500,000 |
William S Abell Foundation Inc Chevy Chase, MD PURPOSE: SI HOMELESSNESS GRANTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Housing And Shelter Alliance Inc Boston, MA | $14,798,705 | $19,380,328 |
Saint Francis House Inc Boston, MA | $32,573,863 | $23,473,154 |
Crossroads Programs Inc Willingboro, NJ | $6,172,720 | $11,361,882 |
Washington City Mission Inc Washington, PA | $16,120,298 | $9,648,991 |
Emmaus Inc Haverhill, MA | $9,664,001 | $8,628,211 |
Housing Families Inc Malden, MA | $3,872,051 | $8,658,783 |
Broadway Housing Communities Inc New York, NY | $14,007,162 | $9,859,889 |
Connecticut Coalition To End Homelessness Inc Hartford, CT | $5,519,613 | $6,168,107 |
Back On My Feet Philadelphia, PA | $5,878,607 | $7,836,795 |
Polish Community Center Of Buffalo Inc Buffalo, NY | $10,138,351 | $5,590,948 |
City Relief Inc Elizabeth, NJ | $1,018,296 | $4,807,003 |
Somerville Homeless Coalition Incorporated Somerville, MA | $2,665,813 | $5,904,274 |