Hometown Community Development Corporation
- Assets
- $5.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Upland, CA
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 91-1919863
Organization Overview
Hometown Community Development Corporation is located in Upland, CA. The organization was established in 1999. 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, Hometown Community Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hometown 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, Hometown Community Development Corporation generated $4.4m 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 (6.0%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.7%) 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
INCREASE VITALITY AND STABILITY OF COMMUNITIES, PROMOTE SUCCESFUL HOME OWNERSHIP, CREATE AFFORDABLE HOUSING OPPORTUNITIES, AND PROVIDE RESOURCES TO LOCAL NONPROFIT COUNSELING AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE VITALITY AND STABILITY OF COMMUNITIES, PROMOTE SUCCESSFUL HOME OWNERSHIP, CREATE AFFORDABLE HOUSING OPPORTUNITIES AND PROVIDE RESOURCES TO LOCAL NONPROFIT COUNSELING AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed Davis President & CEO | Officer | 40 | $245,000 |
Benjamin Stuelke CFO | Officer | 40 | $225,000 |
Rob Morales Chairman | OfficerTrustee | 0 | $0 |
Valerie Miller Secretary | Officer | 0 | $0 |
Thomas Taylor Treasurer | Officer | 0 | $0 |
Ryan Campuzano Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,307 |
| Total Program Service Revenue | $4,112,000 |
| Investment income | $41,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $431 |
| 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 | $4,353,028 |
| 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. | $523,257 |
| Compensation of current officers, directors, key employees. | $52,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,309 |
| Payroll taxes | $30,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,232 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,312 |
| Information technology | $10,581 |
| Royalties | $0 |
| Occupancy | $19,765 |
| Travel | $2,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,433 |
| Insurance | $16,809 |
| All other expenses | $2,457 |
| Total functional expenses | $5,003,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,086 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,610,233 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,736,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $742,647 |
| Intangible assets | $0 |
| Other assets | $1,155 |
| Total assets | $5,485,775 |
| Accounts payable and accrued expenses | $287,938 |
| 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 | $742,500 |
| Unsecured mortgages and notes payable | $153,900 |
| Other liabilities | $19,596 |
| Total liabilities | $1,203,934 |
| Net assets without donor restrictions | $4,281,841 |
| 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 | $5,485,775 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hometown Community Development Corporation has recieved totaling $170,000.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: To assist local charities | $150,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |