Delta Housing Development Corporation Dhdc
- Assets
- $8.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Indianola, MS
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 64-0508153
Organization Overview
Delta Housing Development Corporation Dhdc is located in Indianola, MS. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Delta Housing Development Corporation Dhdc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Housing Development Corporation Dhdc 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, Delta Housing Development Corporation Dhdc generated $1.6m 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 (4.1%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. 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
HOUSING DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND DEVELOPMENT OF RENTAL HOUSNG FOR LOW- INCOME AND ELDERLY THROUGH MORTGAGES FINANCED BY FMHA.
HOUSING ASSISTANCE TO PERMANENT AND TEMPORARY MIGRANT AND SEASONAL FARMWORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jackson Exective Director | Officer | 40 | $79,789 |
Lucille Dean Asst. Fiscal Officer | Officer | 40 | $46,809 |
Hermon Johnson Sr Board Member | Trustee | 2 | $0 |
Rev Darryl Johnson Vice-President | Trustee | 2 | $0 |
Elmo Hickingbottom President | Trustee | 2 | $0 |
Willie Mcdaniel Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $915,674 |
| 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 | $915,674 |
| Total Program Service Revenue | $723,437 |
| Investment income | $1,293 |
| 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 | $1,640,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,584 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,598 |
| Compensation of current officers, directors, key employees. | $126,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,852 |
| Payroll taxes | $31,524 |
| Fees for services: Management | $151,437 |
| Fees for services: Legal | $5,574 |
| Fees for services: Accounting | $45,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,754 |
| Advertising and promotion | $4,000 |
| Office expenses | $72,155 |
| Information technology | $1,821 |
| Royalties | $0 |
| Occupancy | $665,883 |
| Travel | $29,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $398,914 |
| Insurance | $0 |
| All other expenses | $7,180 |
| Total functional expenses | $1,949,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,746 |
| Savings and temporary cash investments | $509,927 |
| Pledges and grants receivable | $17,373 |
| Accounts receivable, net | $196,201 |
| 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 | $36,178 |
| Net Land, buildings, and equipment | $5,944,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $595,746 |
| Total assets | $8,203,001 |
| Accounts payable and accrued expenses | $85,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,929,120 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $762,978 |
| Total liabilities | $5,777,600 |
| Net assets without donor restrictions | $2,425,401 |
| 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 | $8,203,001 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delta Housing Development Corporation Dhdc has recieved totaling $226,475.
| Awarding Organization | Amount |
|---|---|
Florida Non-Profit Housing Inc Sebring, FL PURPOSE: CFDA 17.264 | $226,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Greater Birmingham Habitat For Humanity Inc Fairfield, AL | $36,123,846 | $9,151,776 |
Crossroads Lousiana Inc New Orleans, LA | $7,147,653 | $6,355,494 |
New Orleans Area Habitat For Humanity Inc New Orleans, LA | $31,307,957 | $6,711,459 |
Appalachia Service Project Inc Johnson City, TN | $7,585,655 | $6,583,144 |
Opelika Housing Development Inc Opelika, AL | $23,510,237 | $5,353,776 |
Chattanooga Neighborhood Enterprise Inc Chattanooga, TN | $22,805,649 | $5,214,534 |
Breakthrough Corporation Knoxville, TN | $2,277,742 | $4,880,095 |