Holston Development Corporation
- Assets
- $133.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gray, TN
- Founding
- 01/1985
- Data as of
- 06/2023
- EIN
- 58-1575847
Organization Overview
Holston Development Corporation is located in Gray, TN. The organization was established in 1985. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holston Development Corporation 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 06/2023, Holston Development Corporation generated $68.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $69.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RESIDENTIAL SHELTERED GROUP HOME SERVICE FOR CHRONIC METALLY ILL ADULTS 10 SUBSIDIZED BY THE U S DEPARTMENT OF HOUSING URBAN DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bowen Secretary | 0 | $0 | |
Virginia Ginger Naseri Vice President | 0 | $0 | |
Kristie Hammonds President | 0 | $0 | |
Rachel Parsons Treasurer | 0 | $0 | |
Tim Perry Board Member | 0 | $0 | |
Sherri Feathers Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,848 |
| Total Program Service Revenue | $66,700 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,553 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $69,398 |
| Total expenses | $69,398 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,495 |
| Other assets | $0 |
| Total assets | $133,018 |
| Total liabilities | $90,915 |
| Net assets or fund balances | $42,103 |