Gainesville Housing Development & Management Corp
- Assets
- $1.9m
- Revenue
- $369.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 10/2014
- Data as of
- 12/2022
- 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 12/2022, Gainesville Housing Development & Management Corp generated $369.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $413.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GHDMC PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME HOUSEHOLDS IN THE CITY OF GAINESVILLE FLORIDA AND THE COUNTY OF ALACHUA FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GHDMC PROVIDES RENTAL PROPERTIES FOR LOW INCOME DISABLED AND HANDICAPPED RESIDENTS OF ALACHUA COUNTY FLORIDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela E Davis Secretary | Officer | 5 | $26,441 |
Angela Tharpe President | Trustee | 0.5 | $0 |
Craig Carter Director | Trustee | 0.5 | $0 |
Gigi Simmons Director | Trustee | 0.5 | $0 |
Ralph Hilliard Director | Trustee | 0.5 | $0 |
Latonya Porter Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $96,200 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,200 |
| Total Program Service Revenue | $267,561 |
| Investment income | $219 |
| 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 | $368,980 |
| 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. | $26,441 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,301 |
| Pension plan accruals and contributions | $7,141 |
| Other employee benefits | $5,645 |
| Payroll taxes | $4,342 |
| Fees for services: Management | $12,444 |
| Fees for services: Legal | $2,792 |
| Fees for services: Accounting | $5,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,056 |
| Office expenses | $4,291 |
| Information technology | $1,180 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,661 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,048 |
| Insurance | $7,146 |
| All other expenses | $144,855 |
| Total functional expenses | $413,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,878 |
| Savings and temporary cash investments | $9,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,232 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,791 |
| Net Land, buildings, and equipment | $1,655,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,889,250 |
| Accounts payable and accrued expenses | $7,351 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,994 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,048,823 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,078,168 |
| Net assets without donor restrictions | $811,082 |
| 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 | $1,889,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Non-Profit Housing Inc Sebring, FL | $5,016,701 | $2,168,029 |
Housing Tonight Inc Atlanta, GA | $0 | $341,734 |
Oaksatl Community Development Incorporated Atlanta, GA | $4,055,029 | $1,078,348 |
Fair Housing Center Of The Greater Palm Beaches Lake Worth, FL | $587,020 | $394,786 |
Gainesville Housing Development & Management Corp Gainesville, FL | $1,889,250 | $368,980 |
National Aids Housing Coalition Inc Birmingham, AL | $98,008 | $213,584 |
Atlanta Real Estate Collaborative Inc Atlanta, GA | $0 | $168,150 |
Central Florida Home For Good Inc Longwood, FL | $2,104,018 | $293,144 |
Help The People Programs Inc Decatur, GA | $0 | $0 |
Arize Together Inc Jacksonville, FL | $102,026 | $137,491 |
Soque River Watershed Association Inc Clarkesville, GA | $119,820 | $44,240 |
Bolst Works Atlanta, GA | $41,109 | $66,109 |
Reach Your Community Incorporated Fort Lauderdale, FL | $0 | $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 |