Gainesville Housing Development & Management Corp
- Assets
- $2.0m
- Revenue
- $588.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-4552701
Organization Overview
Gainesville Housing Development & Management Corp is located in Gainesville, FL. The organization was established in 2014. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gainesville Housing Development & Management 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 12/2021, Gainesville Housing Development & Management Corp generated $588.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $427.2k during the year ending 12/2021. 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
GHDMC PROVIDES AFFORDABLE HOUSING TO LOW & MODERATE INCOME HOUSEHOLDS IN THE CITY OF GAINESVILLE, FLORIDA & THE COUNTY OF ALACHUA, FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RENTAL PROPERTIES FOR LOW INCOME, DISABLED & HANDICAPPED RESIDENTS OF ALACHUA COUNTY, FLORIDA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Davis Secretary | Officer | 5 | $36,726 |
Gigi Simmons Director | Trustee | 0.5 | $0 |
Latonya Porter Director | Trustee | 0.5 | $0 |
Angela Tharpe President | Trustee | 0.5 | $0 |
Ralph Hilliard Director | Trustee | 0.5 | $0 |
Craig Carter Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $259,145 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,573 |
| Total Program Service Revenue | $278,753 |
| Investment income | $426 |
| 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 | $588,752 |
| 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. | $36,726 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,411 |
| Pension plan accruals and contributions | $8,941 |
| Other employee benefits | $4,133 |
| Payroll taxes | $8,425 |
| Fees for services: Management | $12,560 |
| Fees for services: Legal | $26 |
| Fees for services: Accounting | $7,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,807 |
| Office expenses | $5,777 |
| Information technology | $3,224 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,223 |
| Insurance | $7,569 |
| All other expenses | $111,820 |
| Total functional expenses | $427,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,161 |
| Savings and temporary cash investments | $9,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,014 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,082 |
| Net Land, buildings, and equipment | $1,789,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,986,928 |
| Accounts payable and accrued expenses | $14,230 |
| Grants payable | $0 |
| Deferred revenue | $5,465 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,382 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,040,416 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,081,493 |
| Net assets without donor restrictions | $905,435 |
| 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 | $1,986,928 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gainesville Housing Development & Management Corp has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Non-Profit Housing Inc Sebring, FL | $4,619,692 | $2,081,317 |
Housing Tonight Inc Atlanta, GA | $0 | $341,734 |
Oaksatl Community Development Incorporated Atlanta, GA | $4,055,029 | $1,078,348 |
Gainesville Housing Development & Management Corp Gainesville, FL | $1,986,928 | $588,752 |
Fair Housing Center Of The Greater Palm Beaches Lantana, FL | $970,414 | $1,327,275 |
Soque River Watershed Association Inc Clarkesville, GA | $215,852 | $191,996 |
Atlanta Real Estate Collaborative Inc Atlanta, GA | $0 | $168,150 |
Central Florida Home For Good Inc Longwood, FL | $714,466 | $504,500 |
National Aids Housing Coalition Inc Birmingham, AL | $59,445 | $0 |
We Help Corp Pembroke Pines, FL | $0 | $0 |
Florida Coalition To Prevent Veteran Homelessness Kissimmee, FL | $0 | $0 |
Two Oaks Foundation Inc Decatur, GA | $0 | $0 |