Houston Area Community Development Corporation
- Assets
- $74.5m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Houston, TX
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 76-0380705
Organization Overview
Houston Area Community Development Corporation is located in Houston, TX. The organization was established in 1993. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Houston Area Community Development Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Area Community 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 12/2021, Houston Area Community Development Corporation generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.7% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 25.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
HOUSTON AREA DEVELOPMENT CORPORATION (HACDC), A COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDO), OWNS AND OPERATES NHH AT CONGRESS, A 57 UNIT SINGLE ROOM OCCUPANCY (SRO) PROPERTY AND NHH AT BRAYS CROSSING, A 149 UNIT SINGLE ROOM OCCUPANCY (SRO) PROPERTY HOUSING LOW-INCOME INDIVIDUALS AND THE CHRONICALLY HOMELESS AND OFFERING ON-SITE SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Abeln Asst Secretary | Officer | 50 | $152,199 |
Joy Horak-Brown President & CEO | Officer | 20 | $108,600 |
Sanford W Criner Jr Vice Chair | OfficerTrustee | 1 | $0 |
Preston Roe Secretary | OfficerTrustee | 1 | $0 |
Kenneth J Valach Executive Chair | OfficerTrustee | 5 | $0 |
Michael M Fowler Chair Emertius | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,330,004 |
| 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 | $14,330,004 |
| Total Program Service Revenue | $4,551,264 |
| Investment income | $49,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$479 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,930,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,439 |
| 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. | $266,621 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,962 |
| Pension plan accruals and contributions | $5,095 |
| Other employee benefits | $55,089 |
| Payroll taxes | $60,075 |
| Fees for services: Management | $89,402 |
| Fees for services: Legal | $19,940 |
| Fees for services: Accounting | $28,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,295 |
| Advertising and promotion | $0 |
| Office expenses | $49,131 |
| Information technology | $9,352 |
| Royalties | $0 |
| Occupancy | $536,842 |
| Travel | $7,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,318 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808,161 |
| Insurance | $156,585 |
| All other expenses | $0 |
| Total functional expenses | $3,082,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,096 |
| Savings and temporary cash investments | $3,578,683 |
| Pledges and grants receivable | $2,733,174 |
| Accounts receivable, net | $69,090 |
| 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 | $29,862 |
| Net Land, buildings, and equipment | $12,665,583 |
| Investments—publicly traded securities | $646,567 |
| Investments—other securities | $0 |
| Investments—program-related | $47,984,358 |
| Intangible assets | $0 |
| Other assets | $6,733,139 |
| Total assets | $74,476,552 |
| Accounts payable and accrued expenses | $2,844,844 |
| Grants payable | $0 |
| Deferred revenue | $46,331 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,375 |
| Total liabilities | $2,910,550 |
| Net assets without donor restrictions | $58,085,998 |
| Net assets with donor restrictions | $13,480,004 |
| 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 | $74,476,552 |
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